How Low Are Mortgage Rates (Video)

Visit msnbc.com for breaking news, world news, and news about the economy Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years.  For homeowners that missed the Refi Boom of November 2009, it’s a second...

Mortgage Rates This Week May 24, 2010

Another week, same old story. Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved and, against the...

Mortgage Rates Keep Dropping!

After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes. It’s good news for home buyers and would-be refinancers.  Mortgage rates continue to troll along multi-year lows. “Fed Minutes” are...

Gift Funds For Downpayment

As lenders tighten mortgage guidelines for home buyers, minimum downpayment requirements are increasing.  Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 10 percent. Anecdotally, guideline changes have led to an increase in the number of...

Mortgage Rates This Week May 17, 2010

Mortgage markets improved last week — but barely — as ongoing doubt surrounding the health of Greece and the Euro pushed additional investors into safe assets, including mortgage bonds. Mortgage rates were wildly volatile between Monday and Friday before closing the week slightly better than...

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