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Too many home price cuts dangerous
Cutting your asking price a little at a time may seem less painful, but in the end it could sabotage your sale price.

To compare local rates enter ZIP code:
NATIONAL OVERNIGHT AVERAGESTODAY+/-LAST WEEK
30 yr fixed mtg 5.58% 5.76%
15 yr fixed mtg 5.35% 5.51%
5/1 ARM 5.88% 5.93%
30 yr fixed jumbo mtg 7.01% 7.29%
5/1 jumbo ARM 5.91% 6.17%
Rates may include points
To compare local rates enter ZIP code:
NATIONAL OVERNIGHT AVERAGESTODAY+/-LAST WEEK
30 yr fixed mtg refi 5.60% 5.73%
15 yr fixed mtg refi 5.33% 5.46%
5/1 ARM refi 5.90% 5.94%
30 yr jumbo fixed mtg refi 7.06% 7.26%
5/1 jumbo ARM refi 5.89% 6.09%
Rates may include points

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MORTGAGE NEWS
Many who invested in real estate during the boom have gone bust, but flipping is still a profitable, if risky, business. If so, you're not alone. Three financial planners help one family decide how to handle their shrinking equity. The politics of housing have changed in four years. How do McCain and Obama plan to help struggling homeowners? Despite limited resources, states try to help homeowners facing interest-rate resets to refinance into fixed-rate loans.
More mortgage news »
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* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

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