Mortgage Rate Articles

Many Experts Miss the Point on Mortgage Rates and Affordability for First-Time Home Buyers

LOS ANGELES – Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring. In metro areas such as Denver, buyers. "There’s.

12 First-Time Home Buyer Mistakes and How to Avoid Them First-time home buyers are prone to missteps, such as getting just one rate quote. Here are some common errors and how to steer clear of them.

Assumes 760 credit score, 3.25% mortgage rate for a 30 year fixed conventional Mortgage, no monthly debt besides housing PITI, 1% for property taxes and .5% for homeowner’s insurance, and 36% DTI for your personal affordability budget.

Mortgage Insurance – If you put less than 20% for a down payment, you may be required to have mortgage insurance and make an initial mortgage insurance payment at closing. Discount Points – Sometimes, you can obtain a lower interest rate by paying points to your lender. A point represents 1% of the loan amount.

Sibor surge driving mortgage rates up Since 2009 our SIBOR has actually hovered above the US Federal funds rate for the longest time and in fact it has pre-empted the rise of interest rates in US with SIBOR starting to rise since beginning of 2015 whereas US Fed finally raised its rate for the 1 st time only a year later (Dec 2015).Understanding a real estate contract or purchase agreement PDF Sample Agreement to Purchase Real Estate – It is expressly agreed that this agreement to purchase real estate includes the entire agreement of Purchaser and Seller. This agreement shall be binding upon the heirs, personal representatives, successors and assigns of both Purchaser and Seller. This agreement shall be interpreted and enforced in accordance with the laws of the State

Home Mortgage Rates in Arizona. While Arizona’s climate may not appeal to everyone, the state does offer mild home prices and a low property tax rate. The Great Recession was especially bad in the Grand Canyon State, sending not only property values down, but also employment rates.

MBS RECAP: Bonds Hold Steady Despite Big Ticket Events MBS RECAP: Bond Rout Continues Despite Month-End Posted To: MBS Commentary After yesterday saw yields break above the previous ceiling in 10yr yields (2.66-2.67) with gusto, anything other than an equally decisive movement back in the other direction would only reinforce the ongoing selling-spree.

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