Many people believe that interest rates are set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market. The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders, etc. and then either hold them for their earnings, or bundle [...]
NEED PHOTO Lower mortgage rates is a common misconception that is perpetuated by the mainstream media perpetuates when the Fed makes an announcement of lowering rates. However, when the Fed cuts interest rates, mortgage rates tend to increase. Fed 101: According to Wikipedia: The Federal Reserve System (also known as the Federal Reserve, and informally [...]
Mortgage rates improved this week over last according to Freddie Mac. In their weekly survey of mortgage rates, the average interest rate offered declined approximately 0.125% for a 30-year fixed rate mortgage, for a rate of 5.20%. The average reported rate for a 15-year fixed rate mortgage declined also, although not as much, to close [...]
In previous posts, I have been saying that now is the time to buy while rates are down and values have fallen. Oregon FHA loans are an outstanding value for First Time Home Buyers. My post about the 10 reasons for a First Time Home Buyer to get into this market explained the reasons that I though (and still think) that now is the perfect time to be buying your first home. Now, it appears that interest rates have started climbing, maybe the imperative to get into the market has become more pressing than it was in the past. The real estate market in the Eugene/Springfield area still appears to be depressed from the high point, but I am seeing more and more purchases come through which means the values are not going to stay low forever.
Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market according to an anonymous source. The Treasury could, under this new plan, step up purchases of mortgage backed securities (MBS) to drive down interest rates on some loans to 4.5 percent, the official [...]
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
