Nav Thakur | Interest Rates
mortgage, home finance, home loans, real estate, finance
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Interest Rates

 

Rates Down for 2nd Straight Week

25.07.2013 in Interest Rates

Mortgage rates eased for the second consecutive week which should help to alleviate market concerns of a slowdown in the housing market. Existing home sales for June were the second highest since November 2009 and new home sales were the strongest since May 2008. It’s…

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Three Reasons Why Interest Rates Have Increased

18.07.2013 in Interest Rates

Federal Reserve Chairman Ben Bernanke said today that the financial tightening that has come with the rise in the interest rates is “unwelcome.” His 3 reasons on why interest rates have increased and I quote although they don’t seem to be entirely accurate. 1. The…

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Low Rates Until 2014

26.01.2012 in Interest Rates

Federal Reserve officials said they expect to keep short-term interest rates near ZERO for almost three more years until 2014 which was increase six more months from last August when they were stating rates would stay near zero until Mid-2013. Also in more efforts to…

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Mortgage Interest Rates At Lowest Point For 2011

02.06.2011 in Interest Rates

Home mortgage interest rates fell last week to the lowest point of 2011 amid signs of a slowing economy, according to the latest survey from Freddie Mac. “U.S. house prices indexes may be nearing a bottom soon,” Freddie Mac Chief Economist Frank Nothaft said, pointing…

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So why are interest rates increasing?

15.12.2010 in Interest Rates

Are the good times of the lowest interest rates in our lifetime over?  The Federal Reserve is lending money at almost ZERO PERCENT and unemployment is over 10% but interest rates are climbing.  If interest rates are increasing it must mean our economy is getting…

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