There are 1 blog entries for January 2015.
Mortgage Update - Interest Rates, Loan Amounts and Debt Relief
Thursday, January 8th, 2015 at 2:40pm. 8,258 Views, 0 Comments.
The following is a round-up of recent news affecting mortgage interest rates and lending guidelines for 2015.
Mortgage interest rates have dropped dramatically to start off the new year. In some areas, 30 year fixed rate mortgages are available at 3.75% and 15 year fixed rate mortgages are as low as 3%. Falling oil prices and concerns over Europe's economy have driven the 10 year treasury rate below 2% and mortage interest rates have fallen accordingly.
Fannie Mae and Freddie Mac will now allow 3% down payments for conventional fixed rate loans. Both entities have specific guidelines for using this program. Check with your…