Mortgage Loans News

Hand touching house in grass
Jun, 13, 2013
Mortgage loan interest rates changed meagerly this week according to rate reports provided by loans.org. The individual rates behaved differently by increasing, decreasing and remaining stagnant. Interest rates increased at a rapid rate for the past five weeks, but tapered down for this current sixth week. Despite the constant upwards trend, home loan rates as a whole only made minimal changes for the week ending June 13, 2013. The 30-year fixed-rate mortgage (FRM) averaged 3.87 percent, the same as last week. The 15-year FRM averaged 2.97 percent, a small decrease from last week’s rate of 2.99 percent.
Interest rate chart
Jun, 6, 2013
Home loan interest rates continued their ascent this week according to rate reports provided by loans.org. Last week they peaked at the highest level in over a year. This week’s average interest rates continue to grow for the fifth consecutive week. For the week ending June 6, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.87 percent. Last week, the 30-year home loan interest rate averaged 3.79 percent. The 15-year FRM averaged 2.99 percent. This rate made a small jump from last week’s average of 2.94 percent.
Skyscrapers viewing sky
May, 30, 2013
Mortgage interest rates are the highest in over a year, according to rate reports provided by loans.org.  All three rates increased for the fourth consecutive week. The mortgage interest rates have jumped from near historic lows to the highest yearly rates, all within the month of May. For the week ending May 30, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.79 percent. Last week, loans.org reported the rate at 3.63 percent. At this time last year, Freddie Mac reported that the 30-year FRM averaged 3.75 percent.
Family with boxes home
May, 23, 2013
Mortgage loan interest rates all increased for the third consecutive week according to rate reports provided by loans.org. The rates have been on a steady upswing since they hovered above historic lows at the beginning of May. For the week ending May 23, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.63 percent, a staggering 0.3 percent increase from last week’s rate of 3.33 percent. The 15-year FRM averaged 2.75 percent. This rate also made a large jump from last week’s average of 2.54 percent.
Increase real estate market
May, 16, 2013
Home loan interest rates jumped significantly this week according to rate reports provided by loans.org. The 30-year rate alone increased nearly 0.2 percentage points. For the week ending May 16, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.52 percent, a significant increase from last week’s rates of 3.33 percent. If a borrower took out a $300,000 home loan at today’s average rates, his or her monthly payment would be $1,350.49. After 30 years, he or she would pay a total of $486,176.40.
Hands lifting home
May, 9, 2013
Mortgage interest rates increased and moved away from record lows this week according to rate reports provided by loans.org. Mortgage interest rates have finally turned around despite heading in a general downward direction for over a month. For the week ending May 9, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.38 percent, an increase from last week’s rate of 3.33 percent. The 15-year FRM averaged 2.56 percent. This rate is slightly up from last week when it averaged 2.54 percent.
Lawyer reviewing documents
May, 6, 2013
Today, a state attorney general announced his plan to sue two large banks, claiming they violated terms of a mortgage loan settlement. New York Attorney General Eric Schneiderman announced his intention to sue Bank of America and Wells Fargo over term violations of the National Mortgage Settlement. The 2012 settlement, worth an estimated $25 billion, required the top five mortgage loan servicing banks to improve their customer service practices and comply with new servicing standards.
Hand picking up home
May, 2, 2013
Mortgage loan interest rates hover above record lows this week according to interest rate reports provided by loans.org. For the week ending May 2, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.24 percent, a significant drop from last week’s rates of 3.33 percent. If an average borrower took out a $250,000 home loan at today’s rates instead of a year ago, that borrower would save $30,222 over the lifetime of his or her loan. At today’s mortgage interest rate of 3.24 percent, his or her monthly payment on the $250,000 home loan would be $1,086.64. After 30 years, he or she would pay a total of $391,190.40.
people divided
Apr, 30, 2013
A new report from the Urban Institute has found that black and Hispanic households have had little to no economic improvement compared to white households. However, there may be opportunities for improvement as the economy rebounds.
Housing rates move down
Apr, 25, 2013
Home loan interest rates hovered around record lows this week according to interest rate reports provided by loans.org. For the week ending April 25, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.32 percent. This rate is down from last week’s average of 3.33 percent. The home loan interest rates are averages compiled throughout the United States. Each state varies, rising either above or below the national average. For example, Alaska’s 30-year FRM finished above average at 3.35 percent; meanwhile Idaho was below the national average at 3.31 percent. 

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