I am taking advantage of the current low mortgage rates and refinancing! I fired up Credit Karma and was surprised to see that my score had dipped. My bank also provides my credit score, which was in line with what Credit Karma was providing – just one point under 720. UGH!!! Apparently, I had used one of my credit cards a little more than I should have over the holidays for some home improvements. One digit in your credit score can make a significant difference in your mortgage interest rate and the cost associated for the rate.
The difference between your internet credit score and what a mortgage company will use
January 22, 2016 by Leave a Comment
Freddie Mac PMMS Reports Lowest Mortgage Rates in Three Months
January 21, 2016 by 1 Comment
Freddie Mac’s Primary Mortgage Market Survey reports that mortgage rates continued to trend lower last week with the 30 year fixed conventional mortgage averaging 3.81 with 0.6 points. [Read more…]
What May Impact Mortgage Rates this week: January 18, 2016
January 20, 2016 by Leave a Comment
This week began with a holiday, Martin Luther King Jr. Day. The volatility in the markets continue this short week. At one point today, the Dow was down 566 points and ended up closing down 249 points. Global stocks dropped overnight with fears over China’s economy and oil prices at very low levels. All this turmoil translates to lower mortgage interest rates, as traders seek the safety of bonds, like mortgage interest rates.
Mortgage Rates drop to lowest of 2016
January 15, 2016 by Leave a Comment
The DOW is getting hit hard again today. As I write this (10:16 am PST), the Dow is down 446! Bad news for the stock market equals good news for mortgage interest rates. Investors are seeking safety by pulling funds from stocks and investing in bonds, like mortgage backed securities.
Freddie Mac Reports that Mortgage Rates continue to trend Lower
January 14, 2016 by 1 Comment
The Prime Mortgage Market Survey reports that last week, the 30 year fixed averaged 3.92 percent with an average 0.6 point. The week prior, the reported average was 3.97 percent. A drop in rate of 0.05%.
What May Impact Mortgage Rates this Week: January 11, 2016
January 11, 2016 by Leave a Comment
This week’s economic calendar is on the lighter side. Here’s some of the scheduled economic indicators that may impact the direction of mortgage rates that are scheduled to be released this week:
DIY Penny Floor… the saga continues!
January 10, 2016 by Leave a Comment
It’s been a while since I’ve updated you on our penny floor project. The good news is that we are almost done with gluing all the pennies!
Freddie Mac PMMS Reports Mortgage Rates Under 4
January 7, 2016 by Leave a Comment
Freddie Mac’s Prime Mortgage Market Survey released today reports that mortgage rates for the 30 year fixed conforming averaged just below 4% last week. [Read more…]
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