Category Archives: Mortgage Rates

Lock An Instant 13% Savings On Your Monthly Mortgage Payment

Falling mortgage rates make owning a home more affordable. Mortgage rates are directly tied to monthly mortgage payment so as mortgage rates drop, so does the cost of home-ownership.   I......

What’s Ahead For Mortgage Rates This Week : February 6, 2012

Mortgage markets worsened last week as domestic job growth surprised Wall Street and the Eurozone moved yet one more step closer to reaching a lasting Greece sovereign debt solution. Conformin......

What’s Ahead For Mortgage Rates This Week : January 30, 2012

Mortgage markets improved last week as news from the Federal Reserve, the U.S. economy, and Europe combined to spur new demand for mortgage-backed bonds. Conforming mortgage rates rallied from......

What’s Ahead For Mortgage Rates This Week : January 23, 2012

The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose throughout IL from one week to the ne......

What’s Ahead For Mortgage Rates : Week Of January 17, 2012

Mortgage markets gained last week, picking up momentum into the weekend. Global demand for mortgage-backed bonds helped push mortgage rates to new lows, and closing costs eased somewhat, too. ......

What’s Ahead For Mortgage Rates This Week : January 9, 2012

Mortgage markets improved last week, pushing mortgage rates in IL lower for the second straight week. Conforming fixed and adjustable-rate mortgage cut new, all-time lows, and FHA mortgage rat......

Adjustable-Rate Mortgages Are A Relative Bargain Today

For buyers and refinancing households throughout IL , adjustable-rate mortgages are a relative bargain as compared to fixed-ones. According to Freddie Mac’s weekly survey of more than 12......

What’s Ahead For Mortgage Rates This Week : January 3, 2012

Mortgage markets improved last week during a holiday-shortened trading week. The mortgage bond markets were closed Monday for Christmas, and closed early Friday afternoon. Trading volume was l......

What’s Ahead For Mortgage Rates This Week : December 27, 2011

Mortgage markets worsened last week on renewed optimism from the Eurozone, additional evidence of a U.S. economic recovery, and ongoing strength in housing. The action sparked a stock market r......

What’s Ahead For Mortgage Rates This Week : December 19, 2011

Mortgage markets improved last week, but by a slight amount only; not enough to move conventional mortgage rates in IL in any significant manner. Wall Street watched as Eurozone leaders e......

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