Towne Lake Real Estate Guide » Financing

When Interest Rates Rise Affordability Drops

Knox — Fri, 08 Jun 2007 14:01:25 +0000

Have you ever wondered what a mortgage rate rise of say 0.750% would do to your monthly payments? Well, you may be shocked to see that it could cost you $40,000.

Georgia Announces Foreclosure Assistance Hotline

Knox — Wed, 31 Jan 2007 20:14:22 +0000

A 24 hour, 7 days a week hotline has been announced to assist Georgia homeowners avoid foreclosure. The program, called HOPE, will also offer face to face counseling to Georgians who may be at risk of losing their homes to foreclosure. This program announcement comes on the heels of a report that places Atlanta’s 2006 foreclosure total at 63,737 homes, 4.4% of the city’s households, which is 2nd highest in the country among major metro areas.

The hotline phone number is 1-888-995-HOPE (4673)

Mortgage Rates Keep Falling: Three Weeks Now

Knox — Thu, 10 Aug 2006 15:32:25 +0000

Mortgage rates have fallen three straight weeks and five of the last six weeks. The benchmark 30 year fixed rate sits at 6.57%. This recent trend is seeing a rise in mortgage applications, according to the Mortgage Bankers Association.

Interest Rates Could Be Heading Up

Knox — Mon, 06 Feb 2006 13:37:00 +0000

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days. For the week of February 1st - February 8th…

0% think rates are going down
87% think rates are going up
13% think rates will remain unchanged

Weekly Interest Rate Numbers

Knox — Fri, 06 Jan 2006 18:16:46 +0000

Here’s the latest numbers on interest rates for five common consumer products for the week of January 1st - January 7th. This national survey was performed by Bankrate.com on Wednesday, January 4th.

Mortgages - 6.27% (30 Year Fixed)
Home Equity Lines - 7.32%
Auto Loans - 7.90% (48 Month - New Car)
CD - 3.28% (One Year Yield)
Credit Card - 12.94% (Standard Fixed)

Weekly Interest Rate Figures

Knox — Fri, 30 Dec 2005 14:24:39 +0000

Here’s the latest numbers on interest rates for five common consumer products for the week of December 25th - December 31st. This national survey was performed by Bankrate.com on Wednesday, December 28th.

Mortgages - 6.28% (30 Year Fixed)
Home Equity Lines - 7.25%
Auto Loans - 7.90% (48 Month - New Car)
CD - 3.28% (One Year Yield)
Credit Card - 13.03% (Standard Fixed)

Mortgage Rates Could Trend Lower In The Next Months

Knox — Thu, 29 Dec 2005 17:33:24 +0000

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days. This week…

80% think rates are going down
20% think rates are going up
0% think rates will remain unchanged

Which Direction Are Interest Rates Heading?

Knox — Thu, 15 Dec 2005 15:16:27 +0000

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days.

25% think rates are going down
25% think rates are going up
50% think rates will remain unchanged

Weekly Interest Rate Numbers

Knox — Mon, 12 Dec 2005 17:08:42 +0000

Here’s the latest numbers on interest rates for five common consumer products for the week of December 4th - December 10th. This national survey was performed by Bankrate.com on Wednesday, December 7th.

Mortgages - 6.39% (30 Year Fixed)
Home Equity Lines - 7.13%
Auto Loans - 7.89% (48 Month - New Car)
CD - 3.26% (One Year Yield)
Credit Card - 13.03% (Standard Fixed)

Weekly Interest Rate Numbers

Knox — Fri, 02 Dec 2005 18:14:14 +0000

Here’s the latest numbers on interest rates for the week of November 27th - December 2nd. This national survey was performed by Bankrate.com on Wednesday, November 30th.

Mortgages - 6.36% (30 Year Fixed)
Home Equity Lines - 7.07%
Auto Loans - 7.84% (48 Month - New Car)
CD - 3.23% (One Year Yield)
Credit Card - 13.03% (Standard Fixed)