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Home Mortgage Rates at 52 Year Lows
Mortgage rates dropped to a 52-year low today and are not expected to drop much further which means that lot loans and construction loans are also at all-time lows. The good news for the housing market this week combined with these incredible low rates makes it the absolute perfect time to buy land now. According to [...]
Posted in Mortgage Rates, U.S. Economy |
Hope For The Housing Market
HOPE FOR THE HOUSING MARKET THIS WEEK! The housing market receive some of the best news this week it’s seen in months! · New Home sales rose 5% last month · Existing home sales had a better-than-expected gain in February · [...]
Posted in Mortgage Rates, Texas, Top Housing Markets, U.S. Economy |
10 Most Stable Housing Markets
Again, 4 of Bluegreen Communities®’ housing markets were represented when PMI Mortgage Insurance Co.  <http://www.pmi-us.com/> released its rather bleak first quarter 2009 Economic and Real Estate Trends Report <http://www.pmi-us.com/> , earlier this month, they included a list of the 10 most stable housing markets among the 50 largest metropolitan statistical areas (MSAs) in the nation. PMI’s [...]
Posted in Mortgage Rates, Top Housing Markets |
Obama Promises More Low-Cost Mortgages
President Barack Obama promised Saturday to reduce mortgage costs as a key part of his plan to improve the economy. Analysts applauded the move, saying that making low-cost mortgages widely available could stabilize housing markets and jumpstart new home construction.
Posted in Mortgage Rates, U.S. Economy |
New Refinance Boomlet May Lift Economy
Record low mortgage rates are providing a small measure of stimulus to the troubled U.S. economy as borrowers scramble to refinance their home loans–a move that frees up cash to spend on other items.  The Mortgage Bankers Association reports that the volume of loan applications has soared since November to its highest level in six [...]
Posted in Mortgage Rates, U.S. Economy |
30-Year Rates Fall Below 5 Percent
Mortgage rates dropped to their 11th straight weekly decline, reaching new record lows, according to Freddie Mac. Interest rates on 30-year, fixed rate mortgages averaged 4.96 percent this week, down from a previous week’s 5.01 percent. The low rates have caused a spike in home refinancing loans and a welcome relief to cash-strapped home owners facing [...]
Posted in Mortgage Rates |