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December 2012 Mortage Articles

Leave a cushion for uncertainty in your mortgage calculations

December 20th, 2012

Two seemingly contradictory pieces of news came out in mid-December. First, the Bureau of Labor Statistics announced that the Consumer Price Index declined by 0.3 percent in November. Then, less than a week later, mortgage finance company Freddie Mac announced that 30-year mortgage rates had just risen by 5 basis points, to 3.37 percent....  Read More

Are rising mortgage rates a hint of what's in store for 2013?

December 12th, 2012

Mortgage rates have had a remarkable year. According to mortgage finance company Freddie Mac, after starting 2012 at around 4 percent, 30-year rates fell to an all-time low of 3.31 percent as of November 21. That was during Thanksgiving week, appropriately enough for the many home buyers and refinancers who have benefited from these low rates....  Read More

Rising home prices add a new twist for mortgage calculators

December 10th, 2012

If you are planning to buy a house, you may be keeping a wary eye on mortgage rates, hoping they don't rise before you can get into the market. However, for the first time in years, it might be housing prices that bear more careful watching....  Read More