Mortgage News
Mar 13, 2020
Mortgage rates have been erratic all week, and today is no different. Rates are rocketing higher this week, even though 10year Treasury yields are still way under 1%. ...
Mar 11, 2020
Mortgage rates are blowing back up again after panic in the bond market. However, rates are still at all-time lows, but the correlation to MBS and the 10-year treasury yield is way off. Being that in 2012, 10-year treasury yield was under 1.3% range, but today the 10-year treasury yield is under .318% range and mortgage rates are hoveri...
Mar 09, 2020
The 10-year treasury yield has bottomed out at .318% with the overnight panic in the market. Analysts are predicting we may even see another emergency rate cut before week. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.11% (-0.08%)• 15-year (FRM) rates at 2.73% (-0.02%)• FHA 30-year Fixed rates at 2.75% (-0.10%)• Jumbo 30-year Fixed rates at 3.31% (-0.04%)&...
Mar 06, 2020
This last 10 days has been the most bizarre, erratic time for the market and mortgage rates ever. Mortgage rates have consecutively hit newer and lower all-time lows every day this week. Due to the level of uncertainty in the market right now, some lenders are still offering 30 year fixed as high as 3.5%, for top qualifiers. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.19% (+0.04%)...
Mar 03, 2020
It looks as though the exceptionally massive drop in mortgage rates, to new all-time lows, has come to a halt. The last 2 days have seen back-to-back rate increases, almost back up to long-term lows seen in 2012 September. Over the next few days, we may see a shift in momentum, depending on how coronavirus news/outbreak continues to affect the economy. ...
Feb 28, 2020
Although mortgage rates have come down a bit since the coronavirus explosion, and market instability, over the last 5 weeks, rates are still not as low as they could be (analysists would expect) when comparing them to treasuries. The 10year yields are past the floor of all-time lows. However, mortgage rates have yet to fall to the corresponding September 2012 low levels. ...
Feb 26, 2020
As the market continues to be in a frenzy from economic threats due to the coronavirus. The numbers are increasing with those that have been effected, and virus is spreading globally. The DOW jumped over 400 points between yesterday and today, at an attempt at a rebound from last week’s drastic DOW fall.The 10-year yield is falling (mortg...
Feb 24, 2020
With valid concerns for Coronavirus spreading outside China (to US soil) the DOW plummeted more than 900 points this morning. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.42% (-0.03%)• 15-year (FRM) rates at 3.11% (-0.02%)• FHA 30-year Fixed rates at 3.18% (-0.05%)• Jumbo 30-year Fixed rates at 3.57 (-0.04%)• 5/1 ARM rates at 3.28% (-0.02%)...
Feb 20, 2020
Mortgage closing rates for January are in. The long-term lows that we have been seeing have helped raise the closing rates in January, according to the January Origination Insight Report from Ellie Mae...
Feb 19, 2020
Mortgage rates have been sliding back towards long-term lows, headed into the weekend strong. If the data stays weak, due to the continued economical coronavirus threat, we can plan on seeing interest rates remain low. ...
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Lisa Stepp
RBS Citizens
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