Archive for the refinancing your mortgage Category

Annual Percentage Rate (APR) vs Interest rate in Home Loans!!

May21
Faron Young - Play Now Pay Later APR versus interest rate: The advertised rate is the one used to calculate your mortgage payment. Borrow $100,000 at 5% with a 30-year term, and the payment is $537. But an advertised rate tells you nothing about the cost of the loan or if it’s a good deal. Suppose you’re offered two loans. Both have a 5% rate, but one costs $1,000 and the other costs $4,000. They’re obviously not the same! What is APR? The annual percentage rate (APR) on a loan includes some of the costs involved in procuring the loan and is meant to provide the consumer w… Read More

Interests Rates Make a Big Jump Today!

May10
"The Heat is ON!!" - Glenn Frey Our housing market has enjoyed the benefits of historically LOW, LOW rates for quite some time now.  And, complacency can be the enemy of building wealth.  This morning we've seen the largest swing in mortgage interest ra… Read More

Home Loan Rates Decline Again!!!

April30
"Missed Opportunity" - Alfa Here is a re-post of a very interesting article on mortgage rates written by Eric Newman of American Pacific Mortgage (with permission).  Please don't hesitate to call Eric at 503-698-5801 for more information.  Interest rate… Read More

Average 30-Year Fixed Home Mortgage Rates Since 1983! Need I Say More?

April23
George Strait - "Need I Say More?" Need I say more?  Just in case you need some inspiration, here is the average Fannie Mae/Freddie Mac mortgage rate since 1983, the average FHA mortgage rates since 1993 and the 200-yr look back at mortgage rates.  VERY INTERESTING! [nggallery id=43]… Read More
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