Mortgages: 30-year fixed-rate mortgage averages 4.96%
Rates on fixed-rate mortgages went very small this week, with 30-year fixed-rate mortgages averaging 4.96%, according to the latest Freddie Mac survey of conforming mortgage rates.

Tags: 30 year fixed rate mortgages, 30year, 4.96%, averages, conforming mortgage, fixed rate mortgage, fixed rate mortgages, fixed rates mortgage, fixedrate, Freddie Mac, mortgage, mortgage [...]

Choosing a mortgage is an vital choice. What questions should you question your lender before signing on the dotted line? What is the current prime interest rate? This will tell you what the prime rate is and from there you will be able to determine a trend in the interest rates based on a few [...]

Boulder Loan Ranger Steve higginsgives Some Core Informaton on Adjustable Rate Mortgage and Compares to Fixed Rate Mortgages

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I know that there is no prepayment penalty on fixed rate mortgages in California. I’m looking to pay off my mortgage in the next 2 years and the rates on the 3/1 ARMs look excellent. But, a prepayment penalty may invalidate the savings.

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Most recently, Freddie Mac, second largest and influential funder of American mortgage loans announced that its current agreement to buy various mortgages gradually reached its highest level after the specialized USA regulator eased most capital limitations. This significant diminution of the constraining measures is executed as a final attempt to provide further stability to the [...]

There are several types of mortgages offered by lenders in the market. The most common of these types is fixed rate mortgages. Fixed rate mortgage loans are characterized by fixed rates and monthly payments that are generally for a 15-year and 30-year periods. Fixed rate mortgages are well loved in the consumer market because of [...]

Fixed rate mortgages generally have lower rates than variable rate mortgages
# Fixed rate mortgages require lower down payments than variable rate mortgages
# The interest on a fixed rate mortgages can’t fall
# The interest on a fixed rate mortgage can’t rise

Tags: fixed rate mortgage, fixed rate mortgages, fixed rates mortgage, mortgages fixed rate, variable rate mortgages

Currently my ARM has rocketed to 7.3% and I have PMI to boot.
At what point is it, or is it not, viable to switch to a fixed rate option somewhere in the 6% range.
My refinance loan ammount would be approx 400K.

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I have an established relationship with Bank of America but there are several other smaller banks and lenders out there with better rates. What happens if you get a mortgage through a smaller bank or lender and they go bankrupt or get bought out by another company? Does it affect your mortgage rate? Is that [...]

This may be a dumb question but do I get the option of extending the fixed term or do I have to start a whole new arrangement? Can I get a whole new mortgage with a different lender or is it best to continue with the current one? Are the rates of mortgages at the [...]