Tag Archives: mortgage rates

Are No Fee Mortgages too Good to be True?

The short answer to this question is yes. The old adage, “nothing is free” is true in this case. “No fee”or “zero closing cost” mortgages are not exactly what their names say they are. Fees exist when you borrow money, these loans just change how and when you pay them. “No fee” and “zero closing cost” mortgages do not typically require you to come to closing with a check to pay the fees, but don’t make the mistake of thinking you will not pay closing costs. Continue reading

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Mortgage closing costs fell 7% for homebuyers

Source: CNN Money Federal regulations are helping to significantly reduce the amount new homebuyers are paying come closing time. The average cost of closing on a mortgage has fallen by 7.4% over the past year, according to a recent survey … Continue reading

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As Nashville rents soar, will more buy homes?

Record-high Nashville apartment rates have many weighing costs of homeownership Consider Chris and Kim Lockard, a couple about to buy a home in Nashville’s Crieve Hall neighborhood. After comparing monthly costs of buying versus renting, they’re ready to take the … Continue reading

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Buying a Home Won’t Get Much Cheaper

NEW YORK (CNNMoney) by Les Christie — Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals … Continue reading

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Fed Renews Vow to Keep Interest Rates Low

Source: REALTOR® Magazine The Fed voted this week to continue its near-zero interest rate policy for the next quarter and likely much longer. The move will keep mortgage rates low in the coming months, if not years.  In recent weeks, … Continue reading

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Mortgage Rates Reach New Record Lows

Mortgage rates were back to hitting record lows again, Freddie Mac reports in its weekly mortgage market survey. Continue reading

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Mortgages: Help with a Down Payment

With most lenders requiring home buyers to put down at least 20 percent — and sometimes, with more expensive properties, an even greater amount — the best holiday gift some people might receive would be help with the down payment. Continue reading

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Housing Affordability Hovers Near Record Levels

Ultra-low interest rates mixed with stabilizing home prices continued to push housing affordability in the third quarter near its highest levels in more than two decades. Continue reading

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