Texas Mortgage Refinance: Mortgage rates stabilize http://www.mortgagenewsdaily.com/consumer_rates/205328.aspx According to www.mortgagenewsdaily.com, after SEVEN consecutive days of marginal increases, home loan borrowing costs finally stabilized today.   The average for a conventional 30-year fixed mortgage rate is still 4.875%. This does not necessarily mean that costs are headed lower, it only implies they’re “leveling off” as a high-risk [...]

Austin Refinance Rates: Differences between FHA and conventional mortgages The Federal Housing Administration provides a loan guarantee program in lieu of private mortgage insurance so qualified borrowers can get a mortgage loan with a low down payment.  The FHA doesn’t lend you the money, they guarantee the loan, so the lender doesn’t take on a financial [...]

Austin Refinance Rates: Trending Mortgage Rates The mortgage market has been on a trend lately with the “flight to safety” move by the investors. Although this is good in a sense of stability, the cost of borrowing has been inching its way up day by day in the last week.   This could be bad for [...]

Austin Refinance Rates: Mortgage “Ground Hogs Day” Happy Ground Hogs Day! Well, not really the original holiday but in the bond market might as well be. The mortgage rates have been unchanging for the past 5 days. Major news does not seem to affect much now that those investors wanted safety already went into their [...]