Archive for the ‘Mortgage News’ Category

FHA Condo Approval Changes Compound Housing Woes, Limit Condo Options

FHA Condo Approval Changes Compound Housing Woes, Limit Condo Options

Buyers Better Hurry: Rates Reach New Lows

For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent.

Interest rates continue to climb!

Mortgage rates continued to sail higher for the fifth consecutive week, according to Freddie Mac, with the most popular mortgages inching further toward 5%.