Mortgage rates are falling! Mortgage rates plunged to uncharted lows Monday March 9th and went on a wild ride. Fixed rates for a 30-year mortgage dropped to a range of 3 to 3.375 percent Monday morning, said Chad Helmcamp, senior loan officer at BWC Lending. During the span of a 10-minute interview with the Chronicle, he received two additional rate sheets from …
According to an analysis prepared by Trulia, compared to renting, buying a house is a better deal in every major US housing market so long as mortgage rates remain below 5.2 percent. Although the increasing interest rates will make homeownership unaffordable for some, the recent increase to over 4 percent isn’t expected to affect the housing activity. Mortgage rates increased …
According to the National Association of Home Builders (NAHB) and Wells Fargo Opportunity Index (HOI), the fourth quarter of 2012 revealed a slight gain in nationwide housing affordability due to substantially low interest rates. The 74.9 percent of homes sold between October and December were sold to families earning a median income of $65,000. This was an increase of one …
