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Interest Rates

Do you need to borrow money for your next real estate purchase? This tag will feature all of the related blog posts for real estate financing and interest rates. Using bank financing, buyers and investors can secure capital from the lender to buy as well as renovate a property. This is achieved by using the property as collateral for the loan.

Banks will determine interest rates by the type of property, length of loan, % down payment, credit score, total debt, and many more. As the loan marketplace is constantly changing, we strongly recommend speaking with a mortgage loan officer before starting your property search.

You can shop for loans at bankrate.com.

Other topics that you may want to check out are:

First time buyers

Home buyers

Investment property

Also, check out 6 Ways to Finance Real Estate Investments

1 06, 2018

FHA Loans: Less strict lending standards and lower down-payments

By |2018-06-24T17:44:54-05:00June 1st, 2018|Lending|0 Comments

Looking for a loan for Oxford MS property? FHA loans can offer low interest rates and less strict loan requirements than other government backed loans. They are backed by the Federal Housing Administration and will require borrowers to pay for mortgage insurance. Mortgage insurance premiums Two mortgage insurance premiums are required on all FHA loans: The upfront premium is 1.75% of the loan amount -- $1,750 for a $100,000 loan. This upfront premium is paid when the borrower gets the loan. It can be financed as part of the loan amount. The second is called the [...]

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3 08, 2017

Mortgage rates fall in 2017

By |2018-07-05T09:51:51-05:00August 3rd, 2017|News|0 Comments

Alert residential real estate buyers in Oxford! More positive news for residential real estate buyers in Oxford! The National Association of Realtors Pending Home Sales Index, an indicator of housing demand, fell 0.8% in May for the third consecutive decline. Economists are speculating that interest rates are unlikely to rebound to pre-election highs of 4.3% amidst concerns of the new administration triggering more economic growth. Mortgage rate trends to 10-year T-bill Mortgage rates tend to follow the 10-year Treasury yields. For this reason, mortgage rates will increase if investors are expecting short-term interest rates to rise due [...]

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23 03, 2017

5 Predictions for Renters and Home Buyers around Oxford

By |2018-06-24T18:00:05-05:00March 23rd, 2017|News|0 Comments

Oxford MS housing market predictions Without a doubt, 2017 is showing the real estate market in Oxford is very strong. If the property is priced right, I've seen homes sold in less than 1 day. For some time, there has been a short supply of housing inventory and the response has been to build more. For renters, they have seen prices steadily rise as well. Some national trends such as interest rates will affect the Oxford market though their impact is uncertain. Here is Kiamie Real Estate's Oxford MS housing market predictions for 2017: Rents will [...]

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20 03, 2017

Should I Buy Down the Mortgage after Fed Rate Hikes

By |2018-06-26T16:00:49-05:00March 20th, 2017|News|0 Comments

Choosing to buy down the mortgage is never an awful idea, but is it the best use of your money? While we are still in the first quarter, national mortgage rates are up 0.5%. With any increase in mortgage rates, one must wonder if the time is right to buy the mortgage rate on your new loan down to control your monthly mortgage costs. Meanwhile, mortgage rates will rise as the Fed's economic outlook becomes more optimistic. How it works Buying down your mortgage also known as paying points is the method used to [...]

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4 02, 2016

Is it time to refinance with the current low interest rates

By |2020-02-19T10:57:55-06:00February 4th, 2016|Lending, News|0 Comments

While it may take some time to cross the break-even point, a refinance is a good idea if you are planning to stay put for awhile. Pros of refinancing your mortgage There has been a lot of buzz in real estate news lately due to continually decreasing mortgage rates. Low mortgage rates are not normal throughout financial history. Current rates are nearing historic lows. For historical data about mortgage rates, check out Freddie Mac archival data recorded since 1971. Mortgagors need to be give serious analysis to these low-interest conditions when they do occur. [...]

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