by evan | Oct 6, 2011 | Rockwall Texas Living Video Blog
After hitting record lows last week, the average rates on 30- and 15-year fixed mortgages dropped again. According to Freddie Mac, the rate on a 30-year mortgage fell from 4.01 last week to 3.94 percent this week. Meanwhile, the average rate on a 15-year fixed...
by evan | Sep 29, 2011 | Rockwall Texas Living Video Blog
Average fixed rates for 30- and 15-year mortgages hit a record low this week, according to data released yesterday by Freddie Mac. The average rate on a 30-year fixed-rate mortgage was 4.01 percent (0.7 point) for the week ending Sept. 29. That’s the lowest rate...
by evan | Sep 30, 2009 | Rockwall Texas Living Video Blog
Harold Smith with Cornerstone Mortgage is back again to discuss mortgage rates and points. He will explain how they are tied together and some scenarios where “buying down a rate” can make sense…and when it does not. For more info: The Matteson...
by evan | Feb 5, 2008 | Rockwall Texas Living Video Blog
The Federal Reserve earlier this week cut a key interest rate for the second time in just over a week, reducing the fed funds rate by a half point. The Fed action pushed the funds rate to 3 percent. In a brief statement explaining their decision, Fed Chairman Ben...
by evan | Jan 22, 2008 | Rockwall Texas Living Video Blog
Experts with the Real Estate Center at Texas A&M University expected the federal funds rate to be cut, but they did not expect it to happen so soon or to be cut by so much. “It reinforces the notion that the economy is either in or teetering on the brink of...
