Long-Term Mortgage Rates Rise This Week, Reversing 11-Week Trend.
The average 30-year fixed rate rose to 5.12% from 4.96%, the 15-year fixed rate rose to 4.80% from 4.65%, and the 1-year ARM rose to 4.92% from 4.89%.
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Are You In Support of Down Payment Assistance?
Since 1997, downpayment assistance has helped more than one million working-class families realize the dream of homeownership. Dozens of national, regional, and community organizations—representing millions of Americans—recognize the need to restore downpayment assistance (DPA) and have officially offered their support including National Association of Realtors, National Association of Home Builders and the Mortgage Bankers Association . Click Here for more details.
More Seniors Turn to Reverse Mortgages
As the credit crisis has worsened, more seniors have turned to federally insured reverse mortgages to tap home equity and, in some cases, to prevent foreclosure.
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Mike Paige