interest rates

New Guarantee Expected to Raise Mortgage Interest Rates

01/27/2012 - 19:16

The following blog entry is written by guest author, Rachel Bernstein of the Baker Loan Team of Guarantee Mortgage:
On April 1, 2012, a guarantee fee will be added to all new residential loans backed by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA).  This new fee will impact interest rates on these loans by roughly .125% which is nominal and in the long run I don’t think it will make a huge impact.  However,  it is a tough economy and real estate market right now so...

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Fed Cuts Rates by 3/4 Point

jane
01/22/2008 - 15:47

This morning there is news that the Fed has cut interest rates by 3/4 of a point.  This should be good news for mortgage rates.  And if they do go down, it will make buying real estate in San Francisco even more attractive. 

During the last few months, I have observed two distinct markets in San Francisco.  In the Northern and Central neighborhoods, the market is still quite strong and prices are rising, and bidding wars still occur.  In the southern neighborhoods, it has become a...

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