FEBRUARY 20, 2009
MORTGAGE RATES FALL FOR ALL PRODUCTS THIS WEEK
The 30-year fixed-rate mortgage (FRM) averaged 5.04 percent with an average 0.7 point for the week ending February 19, 2009, down from last week when it averaged 5.16 percent. Last year at this time, the 30-year FRM averaged 6.04 percent.
Click Here for more details. Click Here for historical rates.
THE HOUSING BAILOUT – WHO QUALIFIES?
First time buyer credits, refinance, modifications, relocation, double glazing and reverse mortgages.Click Here for full article
EVEN THE RICH WORRY ABOUT CREDIT SCORES
Getting the best rates could save thousands of dollars a year. Raising a score from a range of 640-659 to at least 760 could save someone with a 30-year, $500,000 fixed mortgage an average of $344 a month, according to Fair Isaac's Web site. Click Here for full article.
Mike Paige
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