Turmoil in financial markets has investors fleeing to the relative safety of bonds and mortgage-backed securities, pushing down mortgage rates to at or near historic lows. Rates on 30-year fixed-rate mortgages averaged 4.39 percent with an average 0.8 point for the week ending Aug. 4, down from 4.55 percent last week and 4.49 percent a year ago, according to Freddie Mac’s latest report. The 30-year fixed-rate mortgage hit an all-time low in Freddie Mac records dating to 1971 of 4.17 percent during the week ending Nov. 11, 2010, before climbing to a 2011 high of 5.05 percent in February. Rates on 15-year fixed-rate mortgages averaged 3.54 percent with an average 0.7 point, down from 3.66 percent last week and a 2011 high of 4.29 percent in February. That’s a new all-time low rate on 15-year fixed-rate loans in records dating to 1991.
Boise Homes For Sale Presents: Current Market Conditions
Author: Trish / Category: Home Loan NewsBoise Homes For Sale Presents: Lower Interest Rates!
Author: Trish / Category: Home Loan NewsYay!!! Yesterday IHFA lowered their mortgage rate to 3.9% on a 30 year fixed mortgage. Not only can first time home owners qualify for IHFA loans, but those that have previously owned may qualify and you may even be able to refinance your existing home. For more information on this great program please give Judy Bauer at US Bank a call 208- 442-5001 as she would be happy to answer any questions you may have or pre-qualify you before you start your home search. And if you are ready to look at homes, please give Trish Stephenson with American Realty a call 208-388-4653 (that would be me!). I would love to work for you as a buyer’s agent. Any question regarding Agency in the State of Idaho, you may contact me for a copy of an “Agency Disclosure Brochure.” Thank you, and may you all have a great weekend.
Boise Homes And Land Presents: Good News in the Mortgage Industry
Author: Trish / Category: Home Loan NewsGreat news is coming our way regarding mortgages. Low 30 year fixed rates are still available and in some situations, 100% financing with no monthly mortgage insurance may be available to you. If you are interested in purchasing a home, now may be the time. It is a very good idea to get prequalified before looking for a home. Judy Bauer with US Bank, 442-5001, is available for any questions you may have.
30 year fixed rate 5.07%
15 year fixed rate 4,4%
1 year adjustable 4.13%
Rates seem to be rising slightly.
According to the Mortgage Banker’s Association, the 30 year fixed rate dropped to 4.9% and the 15 year rate remains at 4.3%.
Did you know that in order to receive the First Time Homebuyer Tax Credit you MUST have a written contract dated no later than April 30, 2010 and must close by June 30, 2010. Please contact Judy Bauer with Prospect Mortgage for more information on this.
First time home buyer’s can receive up to $8,000 and if you have owned your home for the last 6 out of 8 years you may be eligible for a tax credit up to $6,500. DON”T miss out! Please contact Trish Stephenson Silvercreek Realty Group to look at any homes for sale in the Boise and surrounding areas.