Interest and Amortization

Fed's Securities Purchases to End in June; Mortgage Rates in Question

Posted on Thursday, May 05, 2011

The Federal Reserve will end its second bond-buying spree – this time to the tune of $600 billion – by the end of the second quarter as planned. Fed Chairman Ben Bernanke says although the central bank’s second targeted initiative for pumping money into the economy will cease in June, its end is “...

30-Year Rates Return to 5% Levels

Posted on Thursday, February 17, 2011

The 30-year fixed-rate mortgage inched above 5 percent this week, rising to its highest level since the last week in April 2010, and continuing its steady climb upward the last few weeks. The 30-year rate averaged 5.05 percent this week, up from 4.81 percent the week prior, according to Freddi...

Will Rising Rates Jeopardize Housing Recovery?

Posted on Thursday, February 17, 2011

The 30-year conforming mortgage, a popular choice among borrowers, has been on the rise the last few weeks and inched above 5 percent last week for the first time in a year. Experts predict it will go even higher in the coming weeks too. The 30-year fixed-rate mortgage most recently stands at ...

30-Year Mortgage Rates Top 5 %

Posted on Monday, February 14, 2011

NEW YORK — The days of the absurdly low mortgage rate are over. The average rate for a 30-year home loan rose above 5 percent this week for the first time since last April – just as Americans are feeling more secure in their jobs and confident about the economy, and just before the big spring home-...

Mortgage Rates Soar to Highest Mark Since Last April

Posted on Monday, February 14, 2011

Mortgage interest rates rocketed higher this week. Reports from Freddie Mac and Bankrate recorded significant jumps across all types of home loan products. Both companies’ analysis showed that the average rate on a 30-year fixed mortgage has hit its highest level since April 2010. Data released by...

Mortgage Interest Rates Fall Back

Posted on Tuesday, January 11, 2011

Two separate industry reports released Thursday show that mortgage interest rates across the board retreated this week, beginning the new year slightly lower than levels seen at the end of 2010, and still well below where they sat at the beginning of last year even with the sharp run-ups witnessed d...

Freddie Mac's Nothaft Predicts Mortgage Rates to Remain Below 5%

Posted on Wednesday, January 05, 2011

Frank Nothaft, chief economist for Freddie Mac, says he expects long-term mortgage interest rates to hold below the 5 percent threshold throughout 2011, as key macroeconomic drivers provide a backdrop that supports a continued, albeit gradual, recovery in the housing and mortgage markets. In Nov...

Rising Interest Rates Signal a Bullish Recovery

Posted on Monday, December 20, 2010

There has been much hand-wringing in the business press lately about the recent rise in interest rates. The fear is often expressed that this will choke off the economic recovery and decimate further the still-weak housing industry. But in fact, rising interest rates are an extremely bullish sign; t...

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