A 30-year fixed mortgage is a loan whose interest rate stays the same for the duration of the loan.
For example, on a 30-year mortgage of $300,000 with an interest rate of 5.75%, the monthly payments would be about $2,357.39. So, the interest rate of 5.75% stays the same for the life of the loan.
14 Mar 2013 , According to Martin Crutsinger, AP Economics Writer | Associated Press
WASHINGTON (AP) -- The average U.S. rate on the 30-year fixed mortgage rose this week to its highest level in seven months but remains near historic lows. Low mortgage rates have helped support the gradually recovering housing market.
12 Mar 2013 , According to PRWeb
Private mortgage insurance rises; good news say financial experts
New York, NY (PRWEB) March 12, 2013
by Howard Rothstein
A report from Inside Mortgage Finance shows that private mortgage insurance companies ended the fourth quarter of 2012 with 35 percent of the mortgage insurance market. That is up from 26 percent in the first part of 2012.
The balance of the mortgage insurance was held by the Federal Housing Administration and the Department of Veterans Affairs.
07 Mar 2013 , According to MARCY GORDON | Associated Press
WASHINGTON (AP) — Average U.S. rates on fixed mortgages were little changed this week, hovering near historic lows. Cheap mortgages have helped spur a recovery in the housing market.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage edged up to 3.52 percent from 3.51 percent last week. That's near the 3.31 percent rate reached in November, the lowest on records dating to 1971.
04 Mar 2013 , According to Christopher Matthews | Time.com
The sequester is all anybody wants to talk about. I get it: It’s the hip new crisis sweeping Washington. But remember Fannie Mae and Freddie Mac? You know, the once quasi-independent housing giants whose takeover by the federal government has cost taxpayers upwards of $190 billion thus far? Well, Fannie and Freddie are still owned by the federal government and, on top of that, are the only thing holding the U.S.’ badly battered housing-finance system together, as the Feds back 9 out of 10 mortgages issued today.
06 Feb 2013 , According to PRWeb
Guaranteed Home Mortgage Company (Guaranteed, http://www.ghmc.com), a national residential mortgage investment and banking firm, today announced it has opened two more branches in Virginia and New Jersey to handle additional demand for home loans.
White Plains, NY (PRWEB) February 06, 2013
Guaranteed's rapid growth resulted in the company's inclusion in the Inc.500 list of fastest growing U.S. firms a few years ago. Guaranteed has expanded its regional footprint into a growing national presence with branches coast-to-coast. Guaranteed enjoys an A+ rating with the Better Business Bureau and offers a diverse portfolio of residential mortgage products including FHA, VA, USDA, conventional and reverse loans.
28 Feb 2013 , According to Marcy Gordon, AP Business Writer | Associated Press
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages moved closer to historic lows this week, a trend that has helped drive a rebound in home sales.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage declined to 3.51 percent from 3.56 percent last week. That's near the 3.31 percent rate reached in November, the lowest on records dating to 1971.
The average rate on the 15-year fixed mortgage slipped to 2.76 percent from 2.77 last week. The record low is 2.63 percent.
26 Feb 2013 , According to PRWeb
Consumer Daily has updated and enhanced its website, to continue to provide useful and updated information on mortgage interest rates.
Palm Beach, FL (PRWEB) February 26, 2013
As of mid-February 2013 interest rates for a 30 – year fixed are at 3.78%, 15-year fixed at 3.02%, 5/1 ARM at 2.75%, and 30 year jumbo at 4.19%. On the website, in addition to interest rate info, homeowners can go directly to lending sites, and research rates and loan products. Consumer Daily is a unique site that allows users to compare only car insurance and mortgage refinance rates -- and gives information as to the very reasons as to how homeowners can get discounts.
20 Feb 2013 , According to PRWeb
HSH.com releases its latest Weekly Mortgage Rates Radar showing a slight rise in fixed mortgage rates from the previous week. The Weekly Mortgage Rates radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM).
21 Feb 2013 , According to Associated Press
STILL LOW: The average U.S. rate on the 30-year fixed mortgage rose this week but remained near historic lows. Low mortgage rates have helped support the slowly recovering housing market.