Mortgage Rate News for Monday, October 20, 2014

Last week was a pretty crazy one for mortgage rates.  Rates hit 14 month lows in the middle of the week, with the average rate on a 30-year fixed-rate mortgage falling below 4% according to Freddie Mac.  It was not to last however, and mortgage bonds subsequently retreated from their peaks, and while rates are […]

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3 Refinance Options You Should Always Avoid

Mortgage refinancing can be the logical choice for many homeowners. Whether it’s to reduce the interest rate, lower monthly payments or for any other reason, it can be a smart move. However, it’s important to be aware of some common refinancing schemes that can get you into trouble. They are almost always bad deals and […]

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Mortgage Rate News for Friday, October 17, 2014

Well, it’s been an interesting week for mortgage rates.  An attempt to recap: bonds rallied like crazy on Wednesday morning, and mortgage rates fell to levels not seen since June of 2013.  According to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage was under 4%.  The rally quickly subsided, and we gave […]

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Tips for Navigating Breast Cancer Awareness Month

Since the eighties, breast cancer awareness has grown into a multi-billion dollar industry. Sure, this means good things for research and prevention, but it also means scammers have popped up hoping to make a quick profit off the generous. Here are some tips for ensuring that your money makes the biggest impact it can. Avoid donating to “raise […]

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Freddie Mac: Mortgage Rates Dip Below 4%

Mortgage rates improved over the course of the past week, and are now at levels not seen since June of 2013, according to Freddie Mac’s Primary Mortgage Market Survey. The average rate on a 30-year fixed-rate mortgage fell to 3.97%, down from 4.12% last week.  15-year fixed-rate mortgages were down 12 basis points to 3.18%, […]

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Tulsa, OK Mortgage Rates and Real Estate Overview

The name “Oklahoma” often conjures up images of dry dusty plains. Tulsa, however, is situated in what Oklahomans call the “green country” due to its profusion of hills, lakes and lush vegetation. As well as possessing the dubious distinction of being the city Chandler Bing didn’t want to relocate to in the sitcom Friends, Tulsa […]

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Mortgage Rate News for Wednesday, October 15, 2014

If you’re looking to refinance your mortgage or buy a new house, mortgage rates are as favorable now as they have been in over a year.  Mortgage bonds held most of their gains yesterday, and are gaining more ground this morning.  The relationship between the price of mortgage backed securities and mortgage rates is inverse […]

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Adjustable-Rate Mortgages are Growing in Popularity: Is One Right for You?

There’s a lot of hype in the news these days regarding adjustable-rate mortgages. Why all the attention? At first glance, they seem like a great deal. The initial interest rates on adjustable-rate mortgages are usually extremely low when compared to fixed-rate mortgages. But these types of home loans have considerable downsides, too. Before you feel […]

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