30 Year Home Mortgage Rates Update

November 23, 2009 by admin · View Comments 

Rates for 30-year home mortgages approached the all-time low of 4.78 percent again last week, falling to 4.83 percent from an average of 4.91 percent a week ago. The 15-year rate did reach a new bottom, dipping from 4.40 percent to 4.32 percent – the lowest level since Freddie Mac began tracking rates in 1991. [...]

Mortgage Rates in Nashville Bumped Up

October 21, 2009 by admin · View Comments 

Fewer consumers sought home loans last week as the national average interest on 30-year fixed mortgages bumped up to 5.02 percent from 4.89 percent the week before, the Mortgage Bankers Association reported. At the same time, the average rate for a 15-year fixed loan rose from a record low of 4.32 percent back up to [...]

Long Term Nashville Mortgage Rates Close to Records

October 12, 2009 by admin · View Comments 

30 fixed mortgages moved closer to the all-time low of 4.82 percent reached in May 2009, falling to 4.87 percent last week from 4.94 percent a week earlier, according to Freddie Mac. Homeowners who refinance have an opportunity to reduce their payment on a $200,000, 30-year, fixed loan by nearly $134 a month from a year ago, [...]

Nashville Mortgage Rates Approach Record Lows

October 6, 2009 by admin · View Comments 

Nashville mortgage rates approach record lows! Freddie Mac reports that the average interest on a 30-year fixed mortgage fell to 4.94 percent during the week ending October 1st, the first time since May that the firm’s survey has slipped below 5 percent. The rate on 15-year fixed loans, meanwhile, dropped to an all-time low of [...]

FHA Minimum Loan Down Payments May Raise to 5 Percent

October 2, 2009 by admin · View Comments 

Scott Garrett, a New Jersey Congressman, introduced legislation today in the US House of Representatives that would raise the minimum FHA loan down payments to 5 percent. Currently, the minimum requirement to obtain a federally backed loan is 3.5 percent. The move comes as record-high delinquencies drive the FHA’s reserve fund below 2 percent of [...]

Nashville Home Loan Rates Closer to 5 Percent

September 23, 2009 by admin · View Comments 

Nashville home-loan rates remained near three-month lows this week and dipped even closer to the 5 percent threshold, Freddie Mac reported in its survey this past week. According to the firm, average interest on 30-year fixed loans fell to 5.04 percent from 5.07 percent a week earlier; while 15-year mortgages averaged 4.47 percent, down from [...]

Nashville Mortgage Rates Move Lower

September 16, 2009 by admin · View Comments 

Freddie Mac reported a dip in borrowing costs for long-term mortgages this week. According to the federally chartered company, the average interest on 30-year loans fell to 5.08 percent from 5.14 percent a week ago; while rates on 15-year loans came down to 4.54 percent from 4.58 percent. Adjustable-rate mortgages declined as well, with the [...]

Mortgage Rates Eased Last Week in Tennessee

July 16, 2009 by admin · View Comments 

Interest rates on 30-year fixed mortgages, 15-year fixed loans, five-year adjustable-rate mortgages, and one-year ARMs all fell this past week, according to Freddie Mac. The average on 30-year financing slipped to 5.2 percent from 5.32 percent a week ago. The 15-year mortgage declined to 4.69 percent, down from 4.77 percent; five-year ARMs were down to [...]

Fixed Rate Mortgages Settle After Sharp Gains

June 22, 2009 by admin · View Comments 

Coming down from a seven-month high of 5.59 percent a week ago, rates on 30-year fixed home loans lowered to 5.38 percent last week. Freddie Mac reports that interest on 15-year fixed mortgages was lower as well, slipping to 4.89 percent from 5.06 percent over the same period. An upward trend in borrowing costs over [...]

Freddie Mac Reports Rising Mortgage Rates

June 15, 2009 by admin · View Comments 

Rising mortgage rates put the brakes on mortgage refinancing last week, according to Freddie Mac. The firm’s weekly survey pegged interest on 30-year fixed mortgages at an average of 5.59 percent – up from 5.29 percent last week and the highest rate since November 2008. This is the third straight week of significant rises, in [...]

Mortgage Rates in Nashville Lower Again

May 29, 2009 by admin · View Comments 

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.82 percent during the week ended May 21 from 4.86 percent the prior week, while the 15-year fixed mortgage rate dipped to 4.5 percent. The Federal Reserve is working to hold down rates by purchasing upwards of $1.25 trillion in mortgage-backed securities and [...]

Nashville Mortgage Rates Inch Upward

May 12, 2009 by admin · View Comments 

Freddie Mac reports a jump in the 30-year fixed mortgage rate to 4.84 percent during the week ended May 7 from 4.78 percent the previous week, which matched the record low. Meanwhile, average interest on 15-year fixed loans climbed to 4.51 percent from 4.48 percent. Low borrowing costs have energized the refinance market, which now [...]