Lone Star Financing Home Mortgage Blog

News and articles related to Home Mortgage Loans. Provider: Lone Star Financing Feed Type: Residential [report]

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Texas mortgage rates edge up
Texas rates on fixed mortgages began to edge up this week, inching further and further away from the bottom rates we saw this summer. Freddie Mac reported earlier this week that average rate for 30-year fixed loans rose to 4.40 percent from 4.39 percent last week. Two weeks ago, the rate hit 4.17 percent, the lowest [...]
11/24/2010 02:22 PM

Low rates make 15 year mortgages attractive
Historically low mortgage rates are allowing homeowners to pay down their mortgages at a faster rate — even if it means a substantial jump in their monthly payments. Texas home owners are doing the math and realizing that rates have fallen enough so the increase in payment between a new 15-year mortgage and their current loan [...]
08/31/2010 05:11 PM

Mortgage rates at lowest in 50 years
National average for a 30-year fixed loan dips to 4.58%. Mortgage rates have sunk to the lowest level in more than five decades- Mortgage company Freddie Mac said Thursday the average rate for 30-year fixed loans sank to 4.58 percent this week. That’s down from the previous record of 4.69 percent set last week and the [...]
07/01/2010 02:07 PM

No Better Time to Buy or Refinance than Right Now!
Mortgage rates are at historic lows -there is no better time to buy a home or refinance than right now! As of Thursday May 27th 2010, mortgage rates have hit historic lows and fallen to the lowest level of the year. Current European turmoil has caused investors to pour money into the safe haven of U.S. [...]
05/27/2010 06:09 PM

Rates Slip to Six Week Low
Rates for 30-year fixed mortgages have fallen to their lowest level in six weeks. The average rate for 30-year fixed-rate mortgages was 4.875% this week, down from last week when it averaged 5.06 percent. A year ago, 30-year fixed rate mortgages averaged 4.84 percent,and many mortgage analysts expected rates to trickle up this Summer, but [...]
05/10/2010 11:33 AM

Changes Coming to FHA!
Before the conventional mortgage loan market collapsed, approximately 10% of home buyers utilized FHA financing.   Conventional loans were king.  Borrowers who had less than perfect credit and little money down could utilize the FHA programs to purchase a home.  FHA required 3 percent down and the seller could contribute up to 6 percent in seller [...]
02/11/2010 05:36 PM

Senate Passes New Tax Credit For Home Buyers
Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper. The Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled to vote on the bill Thursday. Buyers who have owned their current homes at least five [...]
11/05/2009 09:12 PM