Mortgage News
Jul 01, 2013
Today's mortgage rates held their ground, remaining mostly stable after regaining some of the territory lost during last week's surge in rates. The 30 year Fixed Rate Mortgage best execution rate is now 4.41%, a slight decrease away from the 52-week high achieved recently. In the future, mortgage rates are expected to remain level but are not expected to return to the record low levels seen during the first quarter of 2013.The ...
Jun 28, 2013
Today's mortgage rates continued to improve, reversing the sudden jump in rates that took place during last week. The 30 year Fixed Rate Mortgage best execution rate is now 4.39%, a shift away from the 52-week high achieved recently. Looking ahead, it is anticipated that mortgage rates will level off but not return to the record low levels seen during the first quarter of 2013.The 30 year fixed rate mortgage best execution...
Jun 27, 2013
Today's mortgage rates continued to move lower, showing signs of stabilizing after last weeks sudden upward movement. The 30 year Fixed Rate Mortgage best execution rate is now 4.52%, a noticeable downward movement from the next 52-week high achieved recently. Mortgage rates are expected to level off but not return to the record low levels seen during the first quarter of 2013.The 30 year fixed rate mortgage best execution...
Jun 26, 2013
Finally, primary mortgage rates appear to be leveling off. The conventional 30-year fixed best execution rate is now an improved 4.57%. Mortgage rates underwent a rapid increase last week after an announcement by the Federal Reserve. Mortgage professionals are predicting that rates will remain above 4.00% throughout 2013.Primary Mortgage Markets...
Jun 25, 2013
Primary mortgage rates continued their rapid upward climb today, although rates showed some signs of slowing. The conventional 30-year fixed best execution rate is now a shocking 4.59%. Mortgage rates began a sudden increase last week following a much-anticipated announcement by the Fed. While the large rise in rates took most people by surprise, lenders today encourage borrowers to keep everything in perspective."When you are feeling angst...
Jun 24, 2013
Primary mortgage rates confirmed today what mortgage professionals and homebuyers feared last week; rates are not done climbing. Rates over the weekend continued their catastrophic climb, pushing the conventional 30-year fixed best execution rate to 4.49%. The sizeable increase in mortgage rates is being attributed to last week's announcement by the Fed. While mortgage professionals refer to the rate hike as "nightmarish,"...
Jun 22, 2013
Primary mortgage rates shot upwards today, pushing the conventional 30-year fixed best execution rate to 4.25% (a level that hasn't been seen since the fourth quarter of 2011). The sudden jump in mortgage rates is being attributed to important FOMC events taking place today. Retrospectively, rates just two months ago were near historic all-time lows, with 30-year fixed rates hovering just above 3.0 percent. Since this time, rates have risen...
Jun 19, 2013
Today's mortgage rates continued to slip upwards, approaching the 52-week high reached last week, demonstrating continuing instability. Recent rate trends indicate rates have risen in response to rising consumer confidence and optimistic economic data....
Aug 07, 2013
Today's mortgage rates did not change very much from yesterday's fall. The 15 year FRM rate did not budge from yesterday's 3.14%. Recent rate trends have reflected strengthened rates in response t...
Jul 02, 2015
What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.Mortgage rates climbed slightly today with the release of employment data. Europe takes second place to job reports. NFP (non-farm payroll) data was released a day early today because of market closures tomnorrow. The employment forecast of 230k was missed slightly at 223k, with wages remaining flat, even though there...
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