Interest rates for adjustable-rate mortgages (ARMs) hit record-low levels in 2012, Freddie Mac said in a recent report.
Mortgage rates stayed relatively even week-over-week, hovering near all-time record lows to begin 2013, Freddie Mac said in its first weekly mortgage report of the year.
Balances on home equity installment loans increased month-over-month in August, which is a possible sign of positive economic change, Equifax said in a recent report.
The majority of homeowners who opted to refinance existing mortgages in the first part of 2012 strengthen their financial positions, Freddie Mac said in a recent report.
Mortgage rates rose week-over-week, continuing the recent trend of increases in average rates, the Mortgage Bankers Association (MBA) said yesterday.
Refinancing homeowners continue to reap the financial rewards of their choice to refinance their mortgage, Freddie Mac said in a recent report.
Second mortgages and home equity lines can be beneficial or harmful, depending on your purpose for borrowing and ability to make payments.
Mortgage rates may increase somewhat in 2011, but should stay fairly stable, depending on the recession recovery success and inflation rates.
Prospective homebuyers and those looking to compare mortgage rates received some unwelcome news as averages on mortgage loans rose for the third time in the last four weeks.
A new report that looks to compare mortgage rates found that they’ve hit their highest level since August.