Mortgage Loans News

Economist and interest rates
Aug, 15, 2013
All three mortgage loan interest rates moderately increased this week according to rate reports provided by loans.org. Although the weekly rates have stayed relatively stable over the past month, this week economists predicted that the Fed’s bond purchase reduction will begin in a month’s time.
Market fluctuations
Aug, 8, 2013
Home loan interest rates changed very little this week according to rate reports provided by loans.org.
Woman holding house keys
Aug, 1, 2013
Mortgage interest rates altered minimally this week, affecting homeowners and investors differently, according to rate reports provided by loans.org. For the week ending August 1, 2013, the 30-year fixed-rate mortgage (FRM) averaged 4.27 percent, a minimal shift upward from 4.24 percent set last week. The 15-year fixed-rate mortgage averaged 3.26 percent. Last week, the average rate was slightly higher at 3.3 percent. If a borrower took out a $300,000 home loan at today’s average 15-year rate of 3.26 percent, his or her monthly payment would be $2,109.46. After 15 years, he or she would pay a total of $379,702.80.
Older man looking worried
Jul, 25, 2013
Despite small increases, mortgage loan interest rates remained calm this week according to rate reports provided by loans.org. All three rates shifted less than 10 basis points, which is a normal weekly fluctuation. For the week ending July 25, 2013, the 30-year fixed-rate mortgage (FRM) averaged 4.31 percent, a moderate increase from last week’s reported rates of 4.25 percent. The 15-year fixed-rate mortgage averaged 3.36 percent. Last week, the average rate was lower at 3.3 percent.
Home under construction
Jul, 18, 2013
All three home loan interest rates decreased over 10 base points this week according to reports provided by loans.org. For the week ending July 18, 2013, loans.org’s interest rate reports show that the 30-year fixed-rate mortgage (FRM) averaged 4.22 percent, a large decrease from 4.41 percent reported last week. The 15-year FRM averaged 3.28 percent. Last week the rate was 3.41 percent.
Stairs leading upwards
Jul, 11, 2013
Mortgage interest rates increased steadily this week according to rate reports provided by loans.org. Despite last week’s calm pattern, this week, the rates continued their ascent.   The 30-year rate alone increased more than 0.2 percentage points. For the week ending July 11, 2013, the 30-year fixed-rate mortgage (FRM) averaged 4.42 percent, a significant raise from last week’s reported rates of 4.19 percent. Due to the recent upswing in mortgage interest rates, borrowers last year received a better deal than current mortgage loan borrowers likely will.
Pool and home
Jul, 3, 2013
Mortgage loan interest rates relaxed this week after a recent surge according to reports provided by loans.org. For the week ending July 3, 2013, the 30-year fixed-rate mortgage (FRM) averaged 4.19 percent. This was a decrease from 4.34 percent seen last week. The 15-year FRM averaged 3.26 percent, a decrease from 3.38 percent reported last week. The 5/1 adjustable-rate mortgage (ARM) interest rate averaged 3.22 percent, a small decrease from last week’s rate of 3.29 percent.
young couple together on the couch holding hands
Jul, 1, 2013
In an economy overrun with record youth unemployed and underemployment, mortgage loan lenders are scrambling to find young adults to borrow mortgage loans. Without young adults moving into homes, the economy could face a bumpy road ahead. One of the biggest roadblocks to young adults jumping into the home market and becoming homeowners is student loans. Loans.org spoke with several lending experts to learn just how bad the homeownership situation is for young adults and to see just how much the mortgage loan industry needs them.
New construction home
Jun, 27, 2013
Home loan interest rates experienced stronger than average increases this week resulting in multiple percentage point jumps across the board. The extraordinary weekly increases are a blowback of the remarks made by the Federal Reserve Bank of New York (Fed) last week. Last Wednesday, Fed chief Ben Bernanke predicted that the Fed will likely reduce their bond purchases in late 2013 or early 2014. This announcement impacted the housing industry greatly by causing an upswing in the home loan interest rates.
Man concerned house
Jun, 20, 2013
Forecasts that the Federal Reserve Bank of New York (Fed) will taper their asset purchases caused a steady increase of mortgage interest rates across the board. All three mortgage interest rates increased by at least 0.1 percentage points for the week ending June 20, 2013. The 30-year fixed-rate mortgage (FRM) averaged 4.02 percent, a significant increase from 3.87 percent reported last week. The 15-year FRM averaged 3.11 percent. Last week that rate was 2.97 percent. The 5/1 adjustable-rate mortgage (ARM) interest rate averaged 2.68 percent, a large shift upwards from last week’s rate of 2.53 percent.

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