Real Estate Investing

Mortgage interest rates hit new lows for the year last week according to Freddie Mac's weekly rate survey. 30 year fixed mortgage rates averaged 4.63% (with .7 points) which was down 0.08% from the previous week and .30% lower than during the same period in 2010. 15 year mortgage rates slid from 3.89% to 3.82% (with .7 points). 5/1 ARM and 1/1 ARM rates also improved averaging out at 3.41% (.6 pts) and 3.11% (.5 pts) respectively.

Today on Bankrate.com, 30 year fixed rates in New Jersey ...

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It's true that there have been some huge changes in the mortgage industry over the past few years and many consumers believe that there are few "outside of the box" financing options for those without perfect credit or large down payments. Truth-be-told, there are plenty of great financing solutions still available including:

1. FHA loans which allow for as little as 3.5% down. Some lenders, including American Financial Resources, will finance down to 600 credit scores. ...

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