Mortgage Rate Rise Halts

shirly · #1 (**permalink**) 04-24-2007, 04:47 AM

Hi,

As predicted, mortgage interest rates closed their latest rise, as muted economic data trimmed the rising pressure of earlier weeks. The average 30-year fixed-rate mortgage (FRM) drops a single basis point, closing the pricing at 6.37%. For Hybrid 5/1 ARMs, a decline of five basis points was noted, and that average finished the week at 6.17%.

Thanks and Regards
Rob Thomos
robthomos19@yahoo.com
Mortgage Loans Corp

Gracia · #2 (**permalink**) 09-10-2007, 07:19 AM

I was considering buy a home/duplex and renting it out while i am in school. I can come up with a 10-15 % downpayment. But as I was searching I came across a 10 unit apartment building selling for 200k. To me it seems like I would be taking it big on buying my first property...but at the same time I would be adding about 2k extra income every month. Can you know what the average monthly mortgage rateis for a 200k with 15% down?

Thanks in advance !...