Mortgage Rates & Trends

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Mortgage and Lending - Total Mortgage Services
Mortgage Blog from Total Mortgage Also see: http://www.totalmortgage.com/blog Twitter: http://www.twitter.com/totalmortgage

ARCHIVED BLOG POSTS

2009 

According to Freddie Mac's recently released survey, America's delicate housing market received some good news that current mortgage rates remained stable, at approximately 5%, through Thursday, October 29. A 30-year fixed-rate mortgage is currently reported at 5.03%, up slightly from 5.00 last ...
10/30/2009
As you are probably aware, the first-time home buyer tax credit is scheduled to expire on November 30th, 2009. Rumors were being reported last week that the U.S. Senate was considering a few different proposals for extending the tax credit. It was also reported through various sources that a vote...
10/29/2009
In an unlikely scenario last week, mortgage applications slipped despite current mortgage rates edging lower toward 5%. For the third consecutive week, mortgage applications fell, with a decline of 12.3% from the week prior for the week ending Friday, October 23, 2009. Many industry experts beli...
10/29/2009
The Nutmeg State is enjoying another round of historically low current mortgage rates. Connecticut, while not immune to the nationwide downturn in property values, has not experienced the dramatic rates of depreciation experienced in large portions of the rest of the country. In comparison to som...
10/28/2009
All things being equal, current mortgage rates will remain low as long as the Federal Reserve allows them to remain low. Even with a variety of other factors used to determine current mortgage rates, there is no greater influence on current mortgage rates than the Federal Reserve. When it comes ...
10/27/2009
Current Mortgage Rates Slowly Increasing So far this week we have seen current mortgage interest rates slowly increasing.  The good news is today the current mortgage rates have had a mid-day adjustment for the better after treading lower for most of the morning and early afternoon. .  While curr...
10/26/2009
As current mortgage rates inch higher toward 5% after three weeks at sub-5%, Freddie Mac is reporting that 5% on 30-year fixed-rate mortgages has become the benchmark this past week. National lenders have been committing on 30-year fixed-rate mortgages at 5% more than any other rate. As the $8,0...
10/26/2009
The Obama administration's latest effort to support the housing industry was unveiled in Washington today. The new program is designed to help state agencies in financing mortgages for first-time homebuyers, as well as develop rental housing. To accomplish this task, Fannie Mae and Freddie Mac w...
10/20/2009
Also Read Part 1 of  this post: Current Mortgage Rates and the First-Time Home Buyer Tax Credit Extension Part 1 Part 1 | Part 2 Another Proposed Tax Credit Extension Bill For those of you who are procrastinating, and haven't taken advantage of the first-time home buyer tax credit yet there is a ...
10/20/2009
Part 1 | Part 2 The US House of Representatives earlier this week of October 12, 2009 unanimously passed to extend the Federal Governments Tax Credit incentive to first time home buyers. The tax credit is good up to a maximum amount of 8 thousand dollars. With current mortgage rates remaining at ...
10/20/2009
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