Mortgage Rates Drop As Inflation Threat Wanes

Mortgage rates continued a general downward trend during the week ended November 16 with the long term rate retreating substantially.

According to Freddie Mac and its Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.24 percent. This was 9 basis points below the average rate for the week ended November 9 and 14 basis points lower than the rate one year ago.

The 15-year FRM also dropped nine basis points to 5.94 percent with 0.5 point. One year ago this product averaged 5.90 percent.

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Mortgage Rates down from last week

Average mortgage rates are down from last week. Averages for a 30 year fixed mortgage were 5.80% and are down to 5.74%. Averages for a 15 year fixed mortgage are down from 5.52% to 5.49%.

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AJAX and small business websites

With the update to our website, some of the new functionality available on the web was provided as an option to us during the site development process. AJAX and other tools can be very useful in some circumstances but in small business, is it worth the overhead that it can bring in a project, or is simple still better?

Midwest Mortgage

Let us know what you think.

New Web Site Released

Midwest Mortgage Corp released a new version of their website on November 1st. It is located at
http://www.midwestmortgagecorp.com and has added the addition of accepting online mortgage applications.

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