Mortgage rates either fell slightly or remained at last week’s levels. The 30 year fixed stayed at 5.125%, but the 30 year FHA and CHFA rates lost an eighth and a quarter point, respectively. Also, the 7 year ARM lost an eighth, the first drop in an adjustable rate mortgage in some time. This is …
William Raveis Real Estate will accept new unwrapped toys for the Toys for Tots Foundation at the Cheshire office located at 465 South Main Street. Those who need help getting donations to the office may call Pat and Wayne at (203) 605-4665, or Kathy at (203) 214-6115 to arrange for a pickup. For almost 60 …
Mortgage rates continue to fall as the proposed auto industry bailout crashed and burned, and the Fed is now talking about a possible reduction to 4% instead of the 4.5% figure bandied about last week. Our current 30 year fixed and FHA rates fell another eighth of a point this week, while the 30 year …
Mortgage rates fell another quarter point this week (with the notable exception of CHFA & FHA rates, which remained at 5.875% and 5.5%, respectively), possible on their way down to the 4.5% figure that’s been bandied about in the financial news lately. This may or not happen, depending on who you talk to, but even …
We hope everyone had a fantastic Thanksgiving and was able to spend some quality time with family and friends, and pig out on lots of turkey, stuffing, pie, etc etc!! OK, so much for my statement last week of, “status quo is the way to go – for now”. In one of the largest one …
Mortgage rates stayed the same this week, but there wasn’t much choice. If the Fed raises rates, economic growth will be retarded, good mortgages will be hard to find, businesses won’t be able to borrow funds needed to carry on daily operations, and a long, painful recession could rear its ugly head. On the flip …
Mortgage rates continued their downward slide this week as a result of dismal economic reports, particularly the half million jobs lost and an increase in the national deficit in October. There was a drop of an eighth of a point in almost all products, including the 30 year FHA and conforming loans. Jumbo loans and …
Mortgage rates pulled back a bit this week in the aftermath of the presidential election, but the increase in the unemployment rate and tighter lending criteria are keeping many lenders on the sidelines. The 30 year conforming rate dropped a quarter point, while the 30 year FHA and CHFA shed a nice 3/8ths. Expect more …
As a result of the recent stock market rally, mortgage rates are up approximately 0.8 percent. The 30 year fixed rate mortgage now hovers around 6.5 percent, and the CHFA rate went up a quarter point. Short indicators point to continued upward pressure on mortgage rates. Here are this week’s rates: Friday, October 31st, 2008 …