Mortgage News
Aug 01, 2019
The FED's cut rates by .25bps, Wednesday. What does this mean for mortgage rates? Probably not much. In fact, rates are already at a low and are not likely to respond quickly or at all. Mortgage rates don't often respond to the FED rate cuts, in fact, in 2018 t...
Jul 26, 2019
Although mortgage rates started off the week in good territory, things have changed - making Friday, day-2 of increases for mortgage rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.91% (+0.03%)• 15-year (FRM) rates at 3.56% (+0.01%)• FHA 30-year Fixed rates at 3.50% (0.00%)• Jumbo 30-year Fixed rates at 3.91% (+0.01%)• 5/1 ARM rates at 3.70% (+0.01%)...
Jul 22, 2019
Mortgage rates drop again in the just the beginning of the new week. There is a slew of economic data and reports coming in this week, but the Durable Goods and GDP reports on Thursday and Friday will determine what is next for bonds. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.83% (-0.05%)• 15-year (FRM) rates at 3.50% (-0.09%)• FHA 30-year Fixed ...
Jul 19, 2019
Mortgage rates have fallen to the lowest rates of the week and the economic data pointing to a stronger economy has pushed rates down. ...
Jul 17, 2019
Mortgage rates dropped somewhat and are on the upswing today, which is a trend in the positive from Monday. Bond market gained momentum in the AM. ...
Jul 12, 2019
Mortgage rates are back on the rise again. Rates have jumped up to the highest since the beginning of June where rates had dropped to lowest levels in over 2 years. ...
Jul 10, 2019
Mortgage rates have seen a bit of up and down movement today, concluding the bi-yearly testimony by Fed Chair, Jerome Powell. Although the Chair didn’t definitively say we can expect rate cuts, he surly avoided any of the pushback for rate cut expectations. ...
Jul 08, 2019
Mortgage rates are up slightly from the same time last week. Although on average, most lenders are not far enough away from last Wednesday's levels to be quoting different note rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.79% (-0.02%)• 15-year (FRM) rates at 3.54% (-0.01%)• FHA 30-year Fixed rates at 3.55% (0.00%)• Jumbo 30-year Fixed rates ...
Jul 03, 2019
Mortgage rates had a significant drop today, offering new long term lows. The data reported in today's econ reports was weak, which leads to low rates. Friday's jobs report will have an even heavier impact this week. Markets close early today, ahead of the July 4th Holiday and remain closed through the 4th. Check back Friday to see what rates will do. ...
Jul 01, 2019
Mortgage rates started off the week a bit higher than Friday's closing bell. G20 trade news Friday, certainly caused a concern last week, but rates seemed to have stayed calm. Bookmark this page for mortgage rates: • 30-yea...
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