Mortgages rates make modest move downward
By Chris Kissell
Originally Posted Nov. 13, 2008 at Bankrate.com
After several weeks of off-the-charts volatility, mortgage rates moved modestly lower this week.
The benchmark 30-year fixed-rate mortgage fell 5 basis points, to 6.39 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. [...]
Dropping Mortgage Interest Rates after Mortgage Rate Volatility
November 19th, 2008 · No Comments
Tags: Home Construction News · Home Mortgage News
Housing is More Affordable Now than Last Four Years
November 19th, 2008 · No Comments
Housing Affordability Nationwide Rises To Highest Level In Four Years
Originally posted by the National Association of Home Builders (NAHB)
November 17, 2008 - With home prices decreasing and interest rates holding at historically low levels, the number of potential home buyers nationwide who can afford to buy new and existing homes has reached the highest [...]
Tags: Home Construction News · Home Mortgage News
Obama Inherits Markedly Better Housing Market
November 5th, 2008 · No Comments
By Graham Norwood on Thursday, November 06, 2008
So it is Barack Obama, and by a landslide. The voters of the United States have built a prism – their decisive choice of a black, young, liberal leader – through which the rest of the world will view all of their country’s actions for the next [...]
