Category Archives: Buyer’s Info

Mortgage closing costs fell 7% for homebuyers

Posted on August 13, 2012 by thenoelteam

Federal regulations are helping to significantly reduce the amount new homebuyers are paying come closing time. The average cost of closing on a mortgage has fallen by 7.4% over the past year, according to a recent survey by Bankrate.com. At … Continue reading →

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Mortgage rates drop again, Freddie Mac says; 30-year at 3.53%

Posted on July 30, 2012 by thenoelteam

The average rate on a 30-year fixed mortgage hit another new low this week, dropping to 3.53% from 3.56% last week, according to Freddie Mac’s survey of what lenders are offering to well-qualified borrowers. With the Federal Reserve aggressively pushing … Continue reading →

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Bankrate: Mortgage Rates Tick Lower to another Record

Posted on July 23, 2012 by thenoelteam

Mortgage rates moved lower once again, with the average 30-year fixed mortgage rate setting a new record low of 3.78 percent. The average 30-year fixed mortgage has an average of 0.43 discount and origination points. The average 15-year fixed mortgage … Continue reading →

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Improving Foreclosure Prices Drive Recovery

Posted on June 7, 2012 by thenoelteam

Significant price increases in bank-owned foreclosures are driving gains at the national, regional and local levels, helping home prices turn the corner with small quarterly and yearly gains. National average prices for bank-owned foreclosures (REO) were up 8.1 percent over … Continue reading →

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Consumer bureau targets predatory lending

Posted on May 10, 2012 by thenoelteam

NEW YORK (CNNMoney) — The federal government is considering a new set of rules on mortgage origination that it says would make the process simpler and more transparent for borrowers. The Consumer Financial Protection Bureau, created as part of the … Continue reading →

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Buying a home won’t get much cheaper

Posted on May 4, 2012 by thenoelteam

NEW YORK (CNNMoney) — Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak … Continue reading →

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6 ways to get a great mortgage deal

Posted on April 30, 2012 by thenoelteam

(MONEY Magazine) — Finding an affordable house is no longer a problem but qualifying for a mortgage can be. Six tips to getting a mortgage and a good rate. Put your credit on ice. The higher your credit score, the … Continue reading →

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Fixed Mortgage Rates Edge Slightly Higher

Posted on April 20, 2012 by thenoelteam

RISMEDIA— Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates holding relatively stable this week amid signs that inflation remains in check with the 30-year fixed up slightly at … Continue reading →

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