Record Low Rates for Fixed Mortgages

Another record set.  With South Bay prices having stabilized since February, we now have an unique and historic opportunity to purchase real property. - David

More info: Fixed mortgage rates hit record lows: Freddie Mac Mortgages - MarketWatch

Fed Meets, Rates Hold, Time to Refinance

In this MarketWatch video, a BankRate expert explains the importance of locking in low fixed rates while the Federal Reserve keeps rates low (as they reaffirmed today).  This is smart advice in an environment of rates that are low for now but can only go up. - David

Is it time to give up your adjustable-rate loan? - MarketWatch

If your credit is strong, your mortgage is above water, and you have an adjustable rate mortgage, you have a very important decision to consider.  While fixed rates are still low, and all rates are poised to increase, it may be time to lock your rate instead of riding the yield curve as it shifts upward.

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Selecting a Mortgage in the Post-Crisis Market - article by Jack Guttentag

The cost differential between adjustable-rate and fixed rate mortgages is greater than it once was. Affordability and expectations of time owning the property are key considerations in shopping for a mortgage. - David

Week-to-week mortgage applications rise 14.3%: MBA - MarketWatch

Rates on fixed rate mortgages slightly DOWN, rates on adjustable rate mortgages slightly UP, number of mortgage applications UP, but about 70% of those are refinances (good time to be looking at that). - David

Week-to-week mortgage applications rise 14.3%: MBA - MarketWatch

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