Sentences with phrase «yr fixed rate mortgage»

Or consumers that were directed into a 5 yr fixed rate mortgage because of supposed fears of rates going up..

Not exact matches

The 10 year maturity U.S. Treasury Note (UST 10 yr) is thought to be the primary benchmark for the U.S. bond market because it has the largest issuance and is used as the basis for fixed rate mortgage pricing.

10/1 ARM is a really cool product if you currently have a 15 - yr fixed mortgage at a good rate (e.g. < 5 %) and are trying to figure out how to maximize cashflow & profit.

The not seasonally adjusted data are pointing to a rapidly developing housing market implosion — 13 % drop in contracts signed from June to July in a two - month period that has little if any seasonality and with 30 - yr fixed mortgage rates hitting all - time lows.

My wife's FICO score is nearly 770 and between the two of us we've been able to secure a 30 yr fixed mortgage at a great rate.

The bank has offered us of a 3.99 % interest rate but will push it to 20 yr fixed mortgage, no finance charge.

EXAMPLE of Buying a fourplex with an FHA loan 3.5 % down up to $ 1,200,000 on 4 units (depends on county and state limits); $ 1.2 M purchase price = 3.5 % down (or $ 42,000) ** Primary Residence Loan Amount of $ 1,158,000 w / MIP 30 Yr Fixed Rate of 3.25 % with Payments of $ 5,040 / month Rental Income per month = $ 4,500 on other 3 units Mortgage Payment per month = $ 5,040 Effective P + I = $ 540 IMPORTANT: For FHA 3 - 4 unit financing, there is a self - sufficiency test the property must pass for a specific loan amount.

In March of 2013 our Finance Minister advised lenders to keep rates artificially higher and, for a time, record profits on 5 yr fixed mortgages were generated at 2.99 % and above.

By the way, that Mortgage Professional recommending 10 yr fixed rates all those years is still around and very successful.

We can expect slightly higher 5 yr govt of cda bond yields... that means higher fixed mortgage rates.

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That would explain why the rate is much higher on the first refinance and lower on the second because 15 - yr fixed mortgage rates are much lower.

I'm a Canadian, and I find the majority of US strategies don't apply here (we can't get a 30 year fixed rate mortgage, for example, and our 10 yr rates are around 5 % these days).

It's been a long time since anyone lender was quoting conventional conforming 30 - yr fixed mortgage rates at 4 % or higher for their best customers, but as of yesterday, every mortgage lender is doing so.

In it, she makes the case in the aggregate we are better off taking a series of 1 yr variable mortgages, because the premium we pay to get a fixed rate ends up being more expensive than the risk attached to the cheapest available variable 1 yr.

Keep in mind the penalty to prepay (i.e. refinance or sale of property) a variable early is ~ 0.50 % of the mortgage balance, whereas if in a (4yr / 5 yr or longer) fixed rate mortgage the penalty can be closer to 4.5 % of the mortgage balance *** depending upon which specific lender you are with and how long of a term you lock in for.

fixed - rate mortgage averaged just 4.78, and the 15 yr.

fixed - rate mortgage averaged at a record 4.58 percent, and the 15 yr.