Mike Kibler Hamilton Real Estate

Long-term mortgage rates saw little change over the past week, according to Freddie Mac. Interest on 30-year fixed loans came in at 6.06 percent, compared with 6.03 percent for the previous week. Other rates registered some movement, but not much, with the 15-year fixed mortgage averaging 5.59 percent, down slightly from 5.62 percent a week ...

Fannie Mae has tightened standards for the home mortgages it guarantees or buys. The government-sponsored provider of home loan funding told lenders Monday it will require a minimum credit score of 580 for most loans it buys on an individual basis. Credit scores range from 300 to 850. In the past, Fannie had no minimum score. Fannie also told ...

Freddie Mac says the 30-year fixed mortgage rate fell to 6.03 percent during the week ended March 6, from 6.24 percent the prior week. Interest on 15-year, fixed-rate mortgages also declined, falling to 5.47 percent from 5.72 percent over the same period. The five-year adjustable mortgage rate dipped to 5.34 percent from 5.43 percent, while ...

Too many people worry that they will have to pay Uncle Sam when they sell the ir homes. But since the rules changed in 1997, it has been one of the best tax breaks around. Click here to read more..Capital Gains and Your Home Sale

Freddie Mac reports a jump in the 30-year fixed mortgage rate to 5.72 percent during the week ended Feb. 14, from 5.67 percent the prior week. Interest on 15-year fixed loans, meanwhile, climbed to 5.25 percent from 5.15 percent over the same period. Rates dropped, however, for five-year adjustable mortgages to 5.19 percent from 5.21 percent; ...

Read more...New Tax Breaks a Relief to Homewoners --

Demand for mortgages surged last week, hitting its highest level in nearly four years as interest rates fell, the Mortgage Bankers Association reported today. Mortgage application volume reached 906.4, an increase of 28.4 percent on a seasonally adjusted basis, up from 706 one week earlier. On an unadjusted basis, the index increased 64.8 ...

Mortgage applications fell last week but they were up nearly 10 percent compared to the same week last year, according to the Mortgage Bankers Association’s weekly survey. The index fell a seasonally adjusted 7.6 percent last week to 603.8. On an unadjusted basis, the index decreased 8.2 percent, compared with the previous week and was up ...

 In the wake of the credit crisis, lenders have become much pickier about whom they lend to. Here are some basic facts that willhelp potential borrowers understand what they face. The measurement that most lenders use to assess applicants' credit risk isthe FICO score developed by Fair Isaac Corp. The score ranges from 300 to 850. ...

The 30-year fixed mortgage rate fell to a more than two-year low in the week ended Nov. 29, slipping to 6.1 percent from 6.2 percent the prior week. Freddie Mac also reported that the 15-year fixed loan rate fell to 5.73 percent from 5.83 percent over that same time span, and that interest on five-year adjustable-rate mortgages dipped to 5.86 ...