Archive for January, 2015

Mortgage Rates Drop Again

Tuesday, January 27th, 2015

In Freddie Mac’s Primary Mortgage Market Survey for the week ended January 22, national average mortgage rates dropped again. As bond yields and oil prices fell, national average fixed mortgage rates hit their lowest levels since May 2013. 

Lower Down Payments!

Friday, January 23rd, 2015

Good news on the lending front!  Conventional loans minimum down payment is now 3% (previously 5%).  This applies to primary residence purchase transactions only.  Combined with historical low rates, there’s not been a better time to buy.