New Homes in Houston TX by Long Lake

Fixed and Adjustable Mortgage Rates take a Breather

After a notable run-up, both fixed and adjustable mortgage rates are taking a breather, reports Bankrate.com. Mortgage rates moved down slightly with the benchmark 30-year fixed mortgage rate slipping to 4.13 percent and the average 15-year fixed mortgage sliding to 3.35 percent. Adjustable rate mortgages (ARM) have lowered as well, with the 5-year ARM down to 3.22 percent, and the …

New Homes in Houston TX by Long Lake

Housing Market Driving Financial Industry Recovery

The US financial sector is off to a strong 2013 after years of under performing.  The continually improving housing market is the driving factor.  However, some of the setbacks in the financial sector are still present beginning with the extremely low interest rates and the lower interest-rate-spread revenue that lenders have accepted.  New regulations create more costs for financial services …