Mortgage News
May 18, 2020
As of Friday, last week, mortgage rates are at all times low. However, only those "top tier" buyers will end up qualifying for the best pricing. Investors remain cautious, and points are making a fast and furious comeback to provide that added "security" they are looking for. Bookmark this page for mortgage rates: 30-year (FRM) rates at 3.09% (-0.04%)15-year (FRM) rates at 2.74% (-0.01%)FHA...
May 15, 2020
Mortgage Rates continue to fall, despite the unemployment numbers continuing to go rise. Rates must be low to even attract buyers and owners looking to refinance. However, to offer more security to investors, the lender requirement’s for approval continue to tighten. A catch 22 for many American’s right now. Bookmark this page for mortgage rates: 30-year (FRM) rates at 3.09% (-0.04%)15-year (FRM) rates at...
May 08, 2020
The week ended well for Mortgage Rates - on a low note. The daily volitivity in the market has also quieted down this week. The fact is, today's rates are pretty much the lowest in the last two months. Bookmark this page for mortgage rates: 30-year (FRM) rates at 3.20% (-0.05%)15-year (FRM) rates at 2.90% (-0.12%)FHA 30-year Fixed rates at 2.75% (-0.37%)Jumbo 30-year Fixed rates at 4.35% (-0.03%)...
May 07, 2020
Mortgage rates went up slightly this week, but still remain in the low 3% range. Unfortunately, the CARES Act is creating the largest outpouring of mortgage non-payment in history. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.25% (-0.02%)• 15-year (FRM) rates at 3.02% (0.00%)• FHA 30-year Fixed rates at 3.12% (-0.13%)• Jumbo 30-year Fixed rates at 4.38% (-0.02%)• 5/1 ARM rates at 3.8...
May 04, 2020
Mortgage rates are low; lower than they have been in over a month for most lenders. But are rates as low as they could be? MBS prices are currently just over 104, but in the first week of March (when the average lender was at all-time low rates), prices were just under 103! Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.22% (+0.03%)• 15-year (FRM) rates at 3.05% (+0.04%)• FHA 3...
Apr 30, 2020
Mortgage rates are down slightly, from Monday of this week. Some loan types that investors take more risk in, such as Jumbo loans, were flat today. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.19% (-0.03%)• 15-year (FRM) rates at 3.02% (-0.06%)• FHA 30-year Fixed rates at 3.25% (-0.25%)• Jumbo 30-year Fixed rates at 4.41% (0.00%)• 5/1 ARM rates at 4.0...
Apr 29, 2020
It was well known in the real estate market, due to effects of COVID-19, March pending home sales would take a nose dive. Well NAR has reported its PHSI dropped 20.8%, 16.3% below its level in March 2019. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.22% (-0.01%)• 15-year (FRM) rates at 3.08% (-0.02%)• FHA 30-year Fixed rates at 3.50% (+0.05%)• Jumbo 30-year ...
Apr 23, 2020
The day-to-day mortgage rate volatility is and can be expected during this COVID-19 pandemic. The Census Bureau and Department of Housing and Urban Development's March report, on new home sales is our first true look at how COVID-19 is effecting new home sales. The report indicated, "New home sales have hit their largest decline in seven years." Bookmark this page for mortgage rates: • 30-year...
Apr 22, 2020
Mortgage rates started off the week higher, and the day-to-day volatility is still very much present. Although based on financial markets, you may think rates would be lower. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.43% (-0.04%)• 15-year (FRM) rates at 3.32% (-0.01%)• FHA 30-year Fixed rates at 3.50% (0.00%)• Jumbo 30-year Fixed rates at 4.49% (+0....
Apr 17, 2020
Mortgage rates were higher today, although this week they remained fairly stable. In most cases, 30yr fixed at the average lender is still around 3%. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.41% (+0.03%)• 15-year (FRM) rates at 3.25% (+0.07%)• FHA 30-year Fixed rates at 3.40% (+0.02%)• Jumbo 30-year Fixed rates at 4.44% (+0.04%)• 5/1 ARM rates at 4.18% ...
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Lisa Stepp
RBS Citizens
Clifton Park, NY
