Pearland Real Estate mortgage rate information from Maggie McFarland - RE/MAX One -Pearland Realtor.
Freddie Mac Reports Increased Mortgage Rates For Second Week ...
Move.com Trends real estate blog covers topics such as home ownership, neighborhoods, home technologies, and celebrity homes.
Mortgage Rates Climb in Response to Recent Rise in Bond Yields ...
"30-year fixed-rate mortgage rates caught up to the recent rise in long-term bond yields this week to reach a 25-week high," said Frank Nothaft, Freddie Mac vice president and chief economist." And the slowdown in the housing market has ...
Loan Programs for Pearland Home Buyers
30-Year Fixed-Rate Mortgage The 30-year fixed is one of the most popular loans. Many people like the fixed interest rate and lower monthly payments. But since the term of the loan is long, you'll pay more interest over the life of the loan.
15-Year Fixed-Rate Mortgage† You generally pay a lower interest rate with a 15-year loan. You will pay less interest than you would with a longer-term loan and build equity quickly. Your payments will be higher than those on a 30-year mortgage.
5/1 Adjustable-Rate Mortgage (ARM)† This loan has a fixed rate for the first 5 years and a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 5 years, the monthly payment will increase if rates go up and will be reduced if rates fall.
Interest-only loans This loan has an initial time frame in which only interest is paid, followed by a period of time in which the payment goes up in order to pay down the loan's balance. This is different than traditional mortgages, where the payment consists of principal and interest for the life of the loan. Use the savings from the lower initial payments for other immediate needs, keeping in mind that payments will increase in the future.
Get more Pearland Real Estate information at TheHomeSourceOnline.com
Contact Maggie McFarland - RE/MAX One at 281-412-2022
Whether you are buying or selling Real Estate in Pearland Texas it just makes sense to use a Realtor® that knows the area! I live here, work here and play here - I call Pearland Texas home! For more information regarding Pearland Texas be sure to visit my website:
- PearlandHomeTeam.com - Homes for Sale in Pearland Texas, Schools, Home Selling Tips, Buying a Home Tips, Foreclosures, Weather and Community Information.
Become a member of Pearland HomeTeam's Facebook
