Tag Archives: Mortgage Rates

Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford

When taking on a new mortgage, it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain. Your mortgage budget can be calculated to determine just how much you should spend on […]

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10 Commandments of Lending For Borrowers

Thou shalt not change jobs, become self employed or quit your job. Thou shalt not buy a car, truck or van (or you may be living it)!! Thou shalt not use credit cards excessively or let current accounts fall behind. Thou shalt not spend money you have set aside for closing. Thou shalt not omit […]

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How Pre-Qualifying Helps You Find the Right Home

Too often, home buyers are disappointed when they find their dream home only to discover they are not able to get a mortgage to purchase the property. There are methods that potential buyers can use to ensure this does not happen to them. One of these options is to ensure you obtain a pre-qualification from […]

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Mortgage Rates for the week of: August 20, 2012

Mortgage markets worsened for the third straight week last week as the U.S. economy showed new signs of expansion, and as little new news came from Europe. August has been a rough month for rate shoppers. Since the start of the month, mortgage rates in Boise have climbed steadily and are now at a 7-week […]

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Mortgage Rates for the week of: August 13, 2012

Mortgage markets worsened last week as the investors moved back into risk-taking mode. Better-than-expected economic data in the U.S. plus a general feeling that the ongoing Eurozone issues will be soon be resolved (or lessened) contributed to a second straight week of rising mortgage rates. One such data point was the weekly Initial Jobless Claims […]

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Mortgage Rates for the week of: June 11, 2012

Mortgage markets worsened last week, halting a multi-week mortgage rate winning streak in Idaho and nationwide. With little economic news on which to trade, investors took their cues from the world’s central banks. Fed Chairman Ben Bernanke neither dismissed nor promised new market stimulus in the near future, nor did leaders in the Eurozone. China, […]

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Mortgage Rates for the week of: June 4, 2012

Mortgage markets improved last week in response to ongoing concerns for the European Union and an across-the-board weakening in U.S. economic data — including the much-watched jobs report. Conforming mortgage rates in Idaho eased lower last week, falling to a new all-time low for 6th week in a row. The moves have been modest, however, […]

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Mortgage Rates for the week of: May 29, 2012

Mortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated. Mortgage rates in Boise, Idaho worsened slightly on the news, climbing for the first time in two weeks. The change was a small one, however, and […]

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30-Year Fixed Rate Mortgage Rates Fall To 3.78% Nationwide

For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows. According to this week’s Primary Mortgage Market Survey from Freddie Mac, “prime” mortgage applicants willing to pay 0.8 discount points plus closing costs can secure a mortgage rate of 3.78%, on average. This is a small improvement in […]

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Mortgage Rates for the week of May 21, 2012

Mortgage bonds improved last week on lingering concerns for the European Union, plus weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide. According to Freddie Mac’s mortgage rate survey, conforming 30-year fixed rate mortgage rates slipped to 3.79%, on average, last week for […]

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