The Selby Group Real Estate Professionals

Mortgage Rates Fall for Second Straight Week Each week Bankrate publishes a survey of large lenders in the top 10 markets to get a snapshot of where mortgage rates stand. This week marks the second week in a row that rates have declined (-0.02% for 30-year fixed rate). The good news is mortgage rates fell for the second week in a row. The bad ...

According to Freddie Mac's Primary Mortgage Market Survey for the previous week, the market has rolled back a small portion of the large increases in mortgage rates that were recorded over the prior five weeks.The 30-year fixed-rate mortgage which had increased from 6.15 percent to 6.74 percent between May 10 and June 14 retreated to 6.69 ...

Last week the Federal Reserve held interest rates steady, which extends a yearlong period of stability that has positives for certain home equity lines of credit and other loans, currently at 8.25 percent. Investors long for an interest rate cut. But many economists believe the Fed may keep rates right where they are through most – if not ...