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Mortgage Rates Experience Historic Drop

By admin on January 27, 2011

Mortgage rates experienced a historic drop this month. 30 Year rates fell from 5.97 to 5.53. This is the lowest rates have been since January 2008. But I think this understates how low mortgage rates are this week so I did a little research. Since 1974 rates have been lower than today’s rates only four [...]

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Mortgage Rates Drop For Second Week

By admin on September 29, 2010

Mortgage rates for most of the major mortgage products fell again this week. Although the drop was not as substantial as last week it is still nice to see rates come down this week. The 30 year mortgage rate fell from 6.20 to 6.14. The small movement this week marked a departure from the wild [...]

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From Renting to Buying as Mortgage Interest Rates Drop

By admin on October 8, 2009

The current mortgage interest rates are very low right now and more people that have been renting homes are finding it more affordable to purchase their homes at this time. If you are renting your home that is money just thrown away, but if you buy your home you are making an investment. Buying a [...]

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