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Archive for September, 2010

Weekly Mortgage Rates 9/30/2010

September 30, 2010 Leave a comment

Mortgage rates for the week of  September 30, 2010:

30-Year Fix Rate Mortgage:  4.32  percent

15-Year Fix Rate Mortgage:  3.75  percent

5/1-Year Adjustable Rate Mortgage:   3.52  percent

1-Year Adjustable Rate Mortgage:   3.48  percent

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New Buyer Incentive on HomePath® Homes

September 26, 2010 Leave a comment

Fannie Mae is offering buyers up to 3.5% in closing cost assistance on HomePath properties through December 31, 2010.

The qualifications to be eligible for the incentive are:

    • The initial offer must be submitted on or after September 23, 2010.  Must close on or before December 31, 2010 and close within 60 days of offer acceptance.
    • Only owner occupants purchasing a HomePath property will receive up to 3.5% in closing cost assistance.
    • Must request incentive upon submission of initial offer in order to be eligible.

      In addition, selling agents representing owner occupants purchasing a HomePath property will receive a $1,500 bonus.  No bonus will be given for investor purchases.

      Weekly Mortgage Rates 9/23/2010

      September 23, 2010 Leave a comment

      Mortgage rates for the week of  September 23, 2010:

      30-Year Fix Rate Mortgage:  4.37  percent

      15-Year Fix Rate Mortgage:  3.82  percent

      5/1-Year Adjustable Rate Mortgage:   3.54  percent

      1-Year Adjustable Rate Mortgage:   3.46  percent

      Weekly Mortgage Rates 9/16/2010

      September 16, 2010 Leave a comment

      Mortgage rates for the week of  September 16, 2010:

      30-Year Fix Rate Mortgage:  4.37  percent

      15-Year Fix Rate Mortgage:  3.82  percent

      5/1-Year Adjustable Rate Mortgage:   3.55  percent

      1-Year Adjustable Rate Mortgage:   3.40  percent

      Weekly Mortgage Rates 9/09/2010

      September 10, 2010 Leave a comment

      Mortgage rates for the week of  September 09, 2010:

      30-Year Fix Rate Mortgage:  4.35  percent

      15-Year Fix Rate Mortgage:  3.83  percent

      5/1-Year Adjustable Rate Mortgage:   3.56  percent

      1-Year Adjustable Rate Mortgage:   3.46  percent

      Homebuyer Tax Credit Totals for Pennsylvania

      September 8, 2010 Leave a comment

      A report tallying the number of homebuyers who claimed the Homebuyer Tax Credit was released by the GAO (Government Accountability Office).  The full report can be viewed at GAO-10-1025R.

      So far, 2.3 million buyers have claimed $16.2 billion of the $8,000 and $6,500 tax credits for first-time and qualified repeat buyers.  Of the 2.3 million claims, 1.7 million buyers claimed the $8,000 first-time buyer credit for $12.1 billion.  600,000 claimed the $6,500 tax credit for qualified repeat buyers for $4.1 billion.

      Per the GAO Pennsylvania total claims processed as of 7/3/2010:  41,257  and  the total dollar amount $274,058,755.  The numbers are still incomplete as the IRS continues to process submitted claims.

      Weekly Mortgage Rates 9/02/2010

      September 2, 2010 Leave a comment

      Mortgage rates for the week of  September 02, 2010:

      30-Year Fix Rate Mortgage:  4.32  percent

      15-Year Fix Rate Mortgage:  3.83  percent

      5/1-Year Adjustable Rate Mortgage:   3.54  percent

      1-Year Adjustable Rate Mortgage:   3.50  percent