Archive for Interest Rates
The Cost of Waiting for Prices to Fall
Posted by: | Commentsby The KCM Crew on February 11, 2011
Many purchasers have been sitting on the sidelines waiting for home prices to hit bottom. They want to guarantee that they are purchasing at the best possible price. Like them, we also believe that prices still have some room to fall in most markets. However, we disagree that waiting is a good financial decision. The buyer should not be concerned about housing prices. They should be concerned about cost. (Con’t.)
Historically Low Interest Rates!
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- Image via Wikipedia
Mortgage Market Memo
Monday, July 26, 2010
· Fannie Mae Mortgage backed securities are down 10 basis points on the day, leading towards stable interest rates for today and tomorrow.
· 15 year fixed interest rates are now as low as 4.000% with -0- points, while 20 and 30 year fixed interest rates are as low as 4.375% and 4.625% respectively.
· 5/1 and 7/1 ARM rates are still very attractive and are now as low as 3.625% with -0- points and 3.875% with -0- points respectively.
· Interest rates for Jumbo loan programs remain very attractive at 3.75% for a 5/1 ARM, 4.000% for a 7/1 ARM, and 5.125% for a 10/1 ARM, all with -0- points.
