Fixed Rate Mortgages Reach Lowest Level in 12 Months

According to Freddie Mac’s Primary Mortgage Survey fixed rate mortgages have reached a 12 month low. And to think that everyone was panicking about rising mortgage rates just a couple months ago. How long will rates stay low? Who knows, but if you’re...

Mortgage Rates Hit 50 Year Low

According to Freddie Mac’s weekly survey the average rate for a 30-year fixed loan fell to 4.15 percent last week, down from 4.32%. That was the lowest in more than a half century. Frank Nothaft, chief economist for Freddie Mac said, “The Federal Reserve’s...

Financial Services Reform Bill and Real Estate

The feds have done it again – Today President Obama signed a massive bill of over 2,300 pages that apparently nobody in Congress has actually read. I know I’m not the only one concerned about our lawmaker’s habit of passing legislation and then...
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