Tag Archives for Mortgage rates

The Fed has told us repeatedly that their massive purchasing program of Mortgage Backed Securities is just about over – and this translates to home loan rates rising in the near future. As you can see in the chart below, the amounts of Mortgage Backed Securities the Fed is purchasing are slowly dwindling, as the […]

Mortgage Interest Rates for Fixed Rate Mortgages* Rates as of Monday, February 8, 2010 Source: Travis Newton, Owner/Sr. Mortgage Banker ML-137, Today’s Mortgage Group Phone: 503-931-4490 travis@todaysmortgagegroup.com

The Federal Housing Administration announced several changes to FHA insured loans this week. 1)  The upfront mortgage insurance premium will increase from 1.75% to 2.25%. For example: On a a $200,000 mortgage, a 1.75% mortgage insurance premium added $3,500 to the FHA loan, bringing the total loan amount to $203,500 that a borrower was required […]

Contributed by Travis Newton, Owner & Sr. Mortgage Banker Today’s Mortgage Group ML 137

For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts for two reasons.