Mortgage News
Feb 18, 2020
Despite the overwhelming threat of coronavirus hitting America for the past few weeks, mortgage rates have held strong, staying relatively close to long-term lows ...
Feb 13, 2020
Mortgage rates are still pushing back and analysts predict that the safe bet is rates will continue to move this way as long as the corona virus is an ever-present economic threat. ...
Feb 12, 2020
Just 2 weeks ago, mortgage rates dropped down to the lowest levels seen in over 3 years! As the fear (or threat) of coronavirus was at the helm, it is only natural to predict a swing in mortgage rates, creeping back up, like we’ve seen in the last few days. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.47% (+0.01%)• 15-year (FRM) rates at 3.14% (+0.01%)• FHA 30-year Fixed rat...
Feb 11, 2020
As the Coronavirus spreads and fears rise, mortgage rates have edged slightly higher this week. ...
Feb 07, 2020
Mortgage rates rallied today, against all odds, concluding the Jobs Report. It seems the US jobs market is not a big risk. Investors are buying up bonds and the coronavirus is the main reason for the drop in rates over the last 3 weeks. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.47% (-0.06%)• 15-year (FRM) rates at 3.14% (-0.05%)• FHA 30-year Fixed rates at 3.27% (-0....
Feb 06, 2020
For the last 3 days, mortgage rates have continued to jump higher (slowly) day-by-day. Investors have been responding to updates in the news about the spread of the coronavirus outbreak and the actions government’s been taking.The coronavirus is the main reason for the drop in rates over the last 3 weeks. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.54% (+0.05%)• 15-year (F...
Feb 04, 2020
Mortgage rates continued to hover at or near the new 3-year low levels that they reached last week, Friday. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.49% (+0.06%)• 15-year (FRM) rates at 3.14% (+0.03%)• FHA 30-year Fixed rates at 3.20% (+0.01%)• Jumbo 30-year Fixed rates at 3.59% (+0.04%)• 5/1 ARM rates at 3.33% (+0.02%)...
Jan 31, 2020
With threat of a potential epidemic disease impacting the global economy (coronavirus), and bond market is not looking to see a correction soon, mortgage analysts are wondering how low mortgage rates will drop. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.47% (-0.02%)• 15-year (FRM) rates at 3.13% (-0.01%)• FHA 30-year Fixed rates at 3.33% (0.00%)• Jumbo 30-year ...
Jan 28, 2020
Today, mortgage rates continued to fall; as we expected would occur as the coronavirus continues to spread at an alarming rate, effecting the market and interest rates. Should the coronavirus continue to spread, worldwide, the global financial market will brace for a potential epidemic disease that could very well impact the global economy. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.55%...
Jan 24, 2020
The new FICO 10 and FICO 10-T credit scoring system will be introduced Summer 2020. This may mean higher interest rates and mortgage rates for many American’s. The new FICO 10 will incorporate monthly payments (on time and delinquent) along with debt to income ratio. Fair Isaac says "the upshot of the new scoring model will mean changes in the credit scores of about 110 million Americans. About 40 million of those will see their...
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