
Daily News And Advice
Updated 11/20 01:00 AM CST

15-Year FRM Drops to Lowest Ever Recorded in Freddie Mac Survey Hi

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.83 percent with an average 0.7 point for the week ending November 19, 2009, down from last week when it averaged 4.91 percent. Last year at this time, the 30-year FRM averaged 6.04 percent.
FULL STORY->
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Green-building Growing, More Jobs, More Buyer Interest

According to a new study from the U.S. Green Building Council (USGBC) and Booz Allen Hamilton, construction in the green-building industry will support 7.9 million jobs over the next four years while pumping into the American economy $554 billion. Currently, 2 million American jobs are supported by the same industry and more than $100 billion in gross domestic product and wages is generated.
FULL STORY->
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Low Interest Rates Spur Refinancing, Buying Interest With mortgage interest rates below 5 percent, on a $300,000 mortgage, the principle and interest payment would be about $1,594, compared to $1,825 a year ago. FULL STORY->
Mortgage Refinancings: Tax Rules Are Tricky
Extended Tax Credit for HomeBuyers and Homeowners
Investor Report: Commercial Investing 2010
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CURRENTMORTGAGE RATES
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Interest Rate Watch
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30 yr fixed:
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4.83%
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15 yr fixed:
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4.32%
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1 yr adj:
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4.35%
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30 yr jumbo:
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(U.S. Averages)
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