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subject 20 year fixed mortgage rate

 

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Fed Lifts Rates for Fourth Time This Year

By Glenn Somerville WASHINGTON (Reuters) - The Federal Reserve on Wednesday nudged U.S. interest rates up a quarter percentage point for the fourth time this year, citing healthier job markets and indicating it will press on with a rate-rise campaign. "Output appears to be growing at a moderate pace despite the rise in energy prices, and labor market conditions have improved," the policy-setting Federal Open Market Committee said in a statement announcing its decision. The unanimous vote by ... : Fed Lifts Rates for Fourth Time This Year

Existing Home Sales Fall 0.4 Pct in Feb.

WASHINGTON (Reuters) - Sales of existing U.S. homes fell 0.4 percent in February, while home prices rose at double-digit rates, a trade association report showed on Wednesday. Sales of previously owned homes declined to a seasonally adjusted annual rate of 6.79 million units last month, the National Association of Realtors said. That figure includes both single-family homes and condominiums. Single-family home sales slid 0.3 percent in February to a 5.94 million unit rate... : Existing Home Sales Fall 0.4 Pct in Feb.

Home Builder Optimism Reported Rising

NEW YORK (Reuters) - U.S. home builder optimism grew in October to its strongest level in 2004 on low mortgage rates and heavy traffic of potential buyers, rebounding from a decline in September, an industry report said on Monday. The National Association of Home Builders (NAHB) said its housing index, a measure of builder sentiment about sales and buyer traffic, was at 72 in October from September's downwardly revised figure of 67. An index reading above 50 indicates more ... : Home Builder Optimism Reported Rising

Services Sector Shows Growth in Dec.

NEW YORK (Reuters) - The U.S. services industry grew further in December, rounding out a year of expansion in the huge sector, although employment news was less favorable, according to a survey published on Wednesday. The Institute for Supply Management said its non-manufacturing index rose to 63.1 in December from 61.3 in November, beating out Wall Street's medi... : Services Sector Shows Growth in Dec.

Closed Mortgage

(1 to 5-year terms are most common but can go as high as 10+ years):These types of mortgages have structured repayment schedules with specific amounts due on a weekly or monthly basis. They usually have the lowest interest rate available but cannot be prepaid or discharged before the end of the term without having to pay a significant penalty. Ideal... : Closed Mortgage
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