Luettmortgagegroup - luettmortgagegroup.com - First Time Home Buyers
General Information:
Latest News:
2012 Mortgage Rate Trends 29 Dec 2012 | 03:04 am
The tail end of 2011 saw mortgage rates break through the “they cannot go any lower” range of 4%. Perhaps only marginally so, but 2011 closed with rates right at 3.96% according to Freddie Mac’s Prim...
Obama’s Reelection & Mortgage Rates 1 Dec 2012 | 03:25 am
We’ve had a few weeks to digest Obama’s reelection and the impact on mortgage rates. We immediately saw a stock market correction and that is, ordinarily, good news for mortgage rates. That part d.....
Calculating Mortgage Rates – What does volatility mean? 27 Oct 2012 | 11:10 pm
We are creeping up on an election. In advance of elections, fiscal cliffs, or uncertainty abroad, mortgage rates tend to be exposed to more volatility than we’d otherwise see. Our friends over at .....
30 Year v. 15 Year via “The Time Machine” 30 Sep 2012 | 06:09 pm
This is one of our favorite comparisons of the new era. In September of 2007, mortgage rates were decent and the 30 Year was hovering around 6.38%. Home prices were high with the Case-Shiller Index ...
August 2012–Mortgage Rates “Skyrocket” 31 Aug 2012 | 01:34 am
Ok, “skyrocket” isn’t very fair. It has just been an amazing year with mortgage rates hovering in a long-term pattern that was just rounding errors from the lowest mortgage rates in history. So w...
30 Year Fixed vs. 15 Year Fixed – A new record comparison 27 Jul 2012 | 06:14 am
Our most recent mortgage comparison pits two familiar foes, the common 30 Year Fixed vs. 15 Year Fixed comparison, in an entirely new grudge match. This is nuts. There’s probably a smarter word tha....
Mortgage Rates & Factors 15 Jun 2012 | 10:00 pm
Well, for now, crisis has been averted. Greek elections say the pro-bailout New Democracy party win and that staves off a subsequent post detailing a post-Greece European Union. The only real prob.....
May Mortgage Rates Trend Lower 1 Jun 2012 | 05:00 am
Just a quick look at May 2012 mortgage rates. In brief summary…another month, another record. May saw the 30 Year open near 3.88% and trend even lower, closing at 3.75% according to our friends over...
30 Year Fixed v. 5/1 ARM with Current Mortgage Rates 1 May 2012 | 04:00 am
From December of 2010 to present, we have seen a fairly odd occurence in mortgage rates. Namely, the spread, or difference, between a 30 Year Fixed and 5/1 ARM has been over a point. Historically, ....
What a difference a few years makes… 31 Mar 2012 | 11:41 pm
Wow. What a difference a few years can make for first time home buyers. Just roll back the clock five years. The S&P was hovering around 1,400, we hadn’t even seen the Great Recession, and mortgag....
