The fourth quarter of 2010 is proving to be a most interesting time in mortgages. Rates are fluctuating at near record lows. House prices are trying to stabilize. Underwriting is as stringent as ever.
In a July 22 release by Freddie Mac’s Primary Mortgage Survey, the 30-year and 15-year fixed-rate mortgages reached record lows.
Mortgage rates were forecasted to head to 6 percent, and like many weather forecasts, these predictions were simply wrong.
With mortgage interest rates low these days and the rental market in the Georgetown area stubbornly high, many are taking the time to examine if the time is right to rent or purchase a property.
The roller coaster ride in the financial markets continues. At best, it is a nerve-racking time for anyone who is watching their investments.
Despite the doomsaying, rates are looking attractive for a primary house mortgage with at least 20 percent down and very good credit.
There was a shot across the bow in the financial markets on Feb. 18, when the Federal Reserve raised the ...