Groundwork Mortgage reports mortgage rates are still low
Feb 10 2017
The average 30-year fixed-refinance rate is 4.05 percent, down 1 basis point compared with a week ago. The 15-year fixed-rate mortgage averaged 3.39%, down from 3.41% last week. The average 15-year mortgage rate this time last year was 2.95 percent. At Wells Fargo, the 7/1 ARM is on the books at a rate of 3.750% and it holds an April variable of 3.918%. (All 80% LTV loan reports include the origination fee.) For mortgages of this type with jumbo loan balances (over $424,000) the average contract interest rate decreased to 4.27% from 4.32%, and points for 80% LTV loans decreased to 0.31 from 0.34. The 7/1 ARM loans are on the books at 3.500% today with a starting April of 3.581%.
President of Groundwork Mortgage Jeff Berger joins us for different tips on selecting mortgages and to break down mortgage rates.
Scottish MPs Reject Brexit
She said it is "vital" for farming powers to be transferred from the European Union direct to Holyrood. Both parties agreed the terms of the first independence referendum through the Edinburgh Agreement.
What Could Hudson's Bay see in Macy's — Business Report
Shares of Macy's rose as much as 12 percent Friday, its biggest intraday gain since August 11, according to Bloomberg. Last month, Macy's announced plans to cut more than 10,000 jobs and close stores, including one at the Everett Mall.
The average rate on five-year Treasury-indexed hybrid adjustable-rate mortgages was down this week, too, dropping from 3.23 percent to 3.21 percent. Currently, the aforementioned loan is offered at a rate of 4.250% and it bears an April variable of 5.288%. The short term, popular 15 year fixed rate mortgages can be had for 3.710% today and an April of 3.894%. Most borrowers made a decision to refinance their homes already, when rates hit a near record-low.
The 5/1 Adjustable Rate Mortgage interest rates at PHH Mortgage can be had for 3.875% with an April of 4.059%. The 7/1 ARM deals are being offered for 3.700% today and an April of 3.9398%. That was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. That's a 2 basis points improvement over the previous rate of 3.41%, that it carried a week earlier.
Feb 10 2017 Militants kill 6 Red Cross workers in Afghanistan
On Wednesday, six members of the ICRC were shot dead by group of armed men described by the local police as pro-Daesh rebels. The motive behind the attack remains unknown, and no group has taken responsibility for it so far.
Feb 08 2017 Alastair Cook reveals one regret as England captain
Root has just seven Tests before next winter's Ashes series, which is little time to get used to the role. They chose to back their captain who was younger and more central to their plans going forward.
Feb 08 2017 Freezing rain may impact Tuesday morning commute
Sustained wind speeds of 13 to 15 miles per hour are forecast for the Tri-Cities, with gusts up to 23 miles per hour . Before this changeover happens, a widespread accumulation of 3 to 6 inches of snow is expected.
Feb 07 2017 Australian woman dies in jet-skiing accident in Phuket
Nobody could do anything. "From the very moment I met you I loved you, I cherished your genuine heart, and that lovely smile". Lifeguards gave her first aid on the beach before taking her to a nearby hospital but she died en route.
Feb 07 2017 Djokovic survives Davis Cup scare, champions Argentina slump
Darcis won 6-4 3-6 2-6 7-6 (7-2) 7-6 (7-5) after Kohlschreiber looked set to clinch the match in the fourth set when he led 4-2. The latter led 4-1 in the final set and even had three match points in the 10th game before losing 3-6 6-3 6-4 4-6 7-6 (8-6).
Feb 06 2017 Dozens Killed in Afghanistan and Pakistan Avalanches
Mohammad Aseem, governor of the hard-hit northern province of Parwan, said 16 people had died in two districts. There are fears the number of deaths will continue to rise as heavy snowfall is predicted for the coming days.