January 2009
Todays mortgage rates – Jan 31, 2009
January 31, 2009 by Mortgage Align · Leave a Comment
Todays mortgage rates for Saturday, January 31, 2009:
- 30 year fixed mortgage at 5.33%.
- 15 year fixed mortgage at 5.06%.
- 5/1 adjustable rate mortgage at 5.59%.
- 30 year fixed jumbo mortgage at 6.84%.
- 5/1 jumbo adjustable rate mortgage at 5.97%.
Online Mortgage Quote (PART 2)
January 31, 2009 by Emma Watson · Leave a Comment
Go Online For Your Mortgage Quote
Traditional mortgage quote or online mortgage quote what ever you
New Home Sales Drop 14.7% in Latest Report
January 31, 2009 by Mortgage Align · Leave a Comment
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in December fell more than 14 percent compared to November’s numbers. The report also showed there is currently a 12.9 month inventory of unsold homes on the market.
Bob Walters, chief economist of the nation’s largest online lender, Quicken Loans, says the report is a disappointment given some of the other factors working in housing’s favor.
“Today’s new home sales report is disappointing given the positive and somewhat surprising existing home sales report from earlier this week,” Walters said. “However, conditions remain favorable for home sales, thanks in large part to falling home prices and mortgage interest rates that continue to hold near historic lows.”
Home Sales Increase due to Low Mortgage Interest Rates & Low Home Prices
January 31, 2009 by Mortgage Align · Leave a Comment
The National Association of Realtors announced today that existing home sales in December increased 6.5 percent as compared to November 2008. However, while home sales were up, the inventory of unsold homes fell 11.7 percent to 3.68 million units, representing a 9.3 month supply.
Quicken Loans Chief Economist Bob Walters says that low mortgage rates and extremely low home prices are attracting buyers to the market.
“We have seen a sustained run of extremely low mortgage interest rates which have certainly caught the eye of home buyers . When you pair this with the fact that homes are selling at astonishingly low prices, you have created the perfect scenario for strong home sales,” said Walters. “I’d still expect to see some additional deterioration in home prices which will help burn off excess inventory, especially if rates remain this attractive.”
PNB loans to turn cheaper
January 31, 2009 by paragjani · Leave a Comment
New Delhi, Jan. 30: Punjab National Bank today slashed its benchmark prime lending rate to 11.5 per
