July 11, 2008 - Freddie Mac reports a slight jump in the 30-year fixed mortgage rate to 6.37 percent during the week ended July 10, from 6.35 percent the prior week. The five-year adjustable mortgage rate also moved up, climbing to 5.82 percent from 5.78 percent.

However, the 15-year fixed rate fell to 5.91 percent from 5.92 percent; and the one-year ARM was unchanged at 5.17 percent.

On an unadjusted basis, the index decreased 24.2 percent compared with the previous week and was down 20.3 compared with the same week last year. Most of the decline was in applications to refinance with the refinance index decreasing 25.7 percent. The purchase index decreased 5.4 percent.

Mortgage rates continued their upward path.

* 30-year fixed-rate mortgages increased to 6.17 percent from 5.96 percent;
* 15-year fixed-rate mortgages increased to 5.7 percent from 5.49 percent;
* 1-year ARMs decreased to 6.8 percent from 6.92.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.

The average rate on 30-year fixed loans dipped from 5.87 percent to 5.85 percent, while the 15-year average rose from 5.27 percent to 5.34 percent. By contrast, a year ago the 30-year averaged 6.16 percent and the 15-year averaged 5.86 percent. To qualify for these rates, borrowers must pay points, or fees that lenders charge for loan processing expressed as a percent of the loan, which this week averaged 0.4 on the 30- and 15-year loans.

Average rates on adjustable-rate mortgages (ARMs) climbed in the latest survey, with five-year Treasury-indexed hybrid ARMs gaining from 5.56 percent to 5.67 percent and the one-year Treasury-indexed ARMs increasing from 5.15 percent to 5.24 percent. Points paid on these loans averaged 0.6 and 0.5, respectively.

What is Mortgage Discrimination - What is Subprime Mortgage Lending - What is Predatory Lending

The 30-year Treasury bond yield decreased to 4.56 percent. Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.

The reduction in the target for the federal funds rate, to 4.75 percent, marked the first time the Fed had cut the overnight rate since June 25, 2003. At the time, the Fed was capping a series of reductions intended to encourage borrowing and stave off a recession after the dot-com stock market bust and the Sept. 11, 2001, terrorist attacks.

Además de asegurar el continente o la estructura de la vivienda, es conveniente cubrir otras posibles contingencias. Para ello existen los siguientes tipos de seguros:
-Seguro multirriesgo del hogar.
-Seguro de vida o de amortización del préstamo.

Freddie Mac reported a drop in the 30-year fixed rate to 6.45 percent from 6.52 percent a week earlier, while interest on 15-year fixed loans slipped to 6.12 percent from 6.18 percent. Adjustable-rate mortgages, however, moved in the opposite direction.

The five-year ARM settled at 6.35 percent for the week, up a notch from 6.34 percent a week ago; and interest on one-year ARMs averaged 5.84 percent compared to 5.6 percent.

During the second quarter of this year, foreclosures were nearly 10 percent of all resales, compared with just 1.7 percent a year earlier. But that's still off the peak of nearly 15 percent seen twice during the mid-1990s, according to DataQuick Information Services, which has been tracking real estate transactions since 1988. DataQuick's analysis of recent sales found no pattern of foreclosure properties regularly selling for less than comparable homes.