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As mortgage rates drop for conventional, FHA, jumbo and USDA loans, U.S. homes are more affordable than ever. See where your hometown ranks out of 225 cities.
Today's refinancing homeowners can lower long-term mortgage costs by one-fifth -- enough to pay for a college education, in some cases.
In 2011 -- for the same monthly payment -- you can borrow 77% more than you could in 1991. Buying a home is a relative bargain right now.
More homes are affordable to more home buyers than at any time in history. For all loan types -- conventional, FHA, jumbo and USDA -- payments are very low.
You'll pay 18% less mortgage interest at today's mortgage rates as compared to April. No matter when you bought your home, it's time to call a lender.
There's a silver lining in the poor June jobs report. Mortgage rates are sinking. It's a good day to shop-and-lock.
Today's blog content is posted at Keith Gumbinger's HSH.com. HSH is a regular gig for me; an opportunity to write for a second, mortgage-hungry audience. This week's article is titled "Mortgage rates matter more than home prices"
Home affordability is under attack. Mortgage rates are at a 10-month high and loan costs are rising. If your plans call for buying a home in mid-to-late 2011, consider moving up your time frame.
Jobs growth is happening, manufacturing output is increasing, and Wall Street is going bullish. You would expect homeowner costs to float higher, too. But, so far, however, mortgage rates and home prices have failed to keep pace. It's great news for home buyers, but the window is closing quickly.
According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates are improving as a result of "the miss".
With home prices in gentle recovery and mortgage rates continuing to fall, home affordability is cresting. See where all 225 metro areas rank.
It's a Refi Boom. The biggest one we've seen in a while. Homeowners are *finally* pulling the trigger on new mortgages, lowering their monthly payments by staggering dollar figures.
The market's bottom has passed and sellers are regaining their leverage in negotiations. It's an excellent time to get off the fence and make that offer.
No matter what you think about your mortgage qualifications -- too little equity, too little income, too big of a loan size -- take 5 minutes out of your day to call your loan officer. Find out whether you qualify for a mortgage at today's rates. Sure, rates may fall lower, but, then again, they might not.
Look around. Home prices are still low (all things relative) and mortgage rates are ridiculous. It’s no surprise that home affordability is high right now. REALLY high.
