Month: May 2011

Mortgage Rates Hit 2011 Lows, Fixed-Rate Loans Dominate Market

Mortgage Rates Hit 2011 Lows, Fixed-Rate Loans Dominate Market

(source) Unless you’ve been living under a rock, you know that mortgage rates are still incredibly low. In fact, Freddie Mac announced that mortgage rates hit their lowest level for 2011, with 30-year fixed-rate averages at 4.63% for the week ending May 12, and 15-year fixed-rate averages at 3.82%. That low rate comes …

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Where to Keep Your Down Payment Savings: The Good and The Ugly

Where to Keep Your Down Payment Savings: The Good and The Ugly

(Photo: http://beingselfemployed.org, source) A down payment on your first house is probably the largest single sum of cash you’ll ever put together outside of retirement savings. Assembling this bundle of dough in an ultra-low-interest rate environment is enough to turn you into the kind of person who complains about interest rates at parties—and if you …

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