Current Mortgage Rates for Friday, May 29, 2015

should-i-refinance-home

+-*Yesterday mortgage backed securities rallied for a third consecutive day, and mortgage rates improved again.   The bond markets have found a footing of sorts after a lot of volatility and a fairly significant rise in yields throughout May.  This week’s Primary Mortgage Market Survey from Freddie Mac showed the average rate on a 30-year […]

4 Reasons to Take Your House Off the Market

Reasons_To_Sell_Your_House

+-*You might list your house for sale with high hopes the property will sell quickly. Unfortunately, a lot can happen after listing your house. Although you’re ready to sell and move on, new developments might prove that now’s not the right time to move. Having to take your house off the market is a frustrating […]

Current Mortgage Rates for Thursday, May 28, 2015

Refinance_SplashPage

+-*Yesterday mortgage bonds rallied for a second consecutive day, leading to an improvement in mortgage rates.  Outside of a 7-year Treasury note auction this afternoon, there aren’t many other market events today.  There’s the continued influence of the Greek debt conflagration, but I think at this point people are tired of the seeming lack of […]

5 Home Projects You Should Never DIY

DIY-gone-wrong

+-*With the answers to all the DIY questions in the world just a Google search away, it can be easy to think that a couple hours’ research makes you a pro. But there are plenty of home improvement projects that just aren’t worth the danger, no matter how much you might save. Here are 5 […]

Current Mortgage Rates for Wednesday, May 27, 2015

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+-*Mortgage bonds rallied yesterday, and mortgage rates improved.  We’re finally beginning to see some stability in bonds after approximately a month of volatility during which we saw the average rate on a 30-year fixed-rate mortgage rise by about twenty basis points (according to Freddie Mac’s Primary Mortgage Market Survey).  Prior to the beginning of May, […]

3 Reasons for Rejection After Preapproval for Mortgage

+-*Between higher credit score and down payment requirements, getting a mortgage has become more challenging in recent years. Therefore, finding out you’re pre­approved for a mortgage might be the best news you’ve heard all year. A pre­approval involves a mortgage lender reviewing your income, credit and debt to determine whether you qualify for a mortgage […]

Current Mortgage Rates for Tuesday, May 26, 2015

why-use-a-mortgage-payment-calculator

+-*Last week mortgage rates stabilized after approximately four weeks of bond market volatility that saw the average rate on a 30-year fixed-rate loan rise from 3.65% to 3.85%, according to Freddie Mac’s Primary Mortgage Market Survey.  Generally speaking, the domestic economic data has been softer than expected over the past month, so the rise in […]