Mortgage News
May 08, 2019
Mortgage rates have been flat, mostly. In most cases no movement at all. Rates are at the lowest in a month right now and The Mortgage Bankers Association reported mortgage applications have increased slightly, after a 4 week decline. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.20% (-0.09%)• 15-year (FRM) rates at 3.91% (-0.06%)• FHA 30-year Fixed rates at 4.00% (...
May 07, 2019
Mortgage rates have dropped for the second day in a row this week, making rates lowest in over a month. The China trade tweets Trump sent out over the Cinco de Mayo weekend has certainly played into the drop in mortgage rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.20% (-0.09%)• 15-year (FRM) rates at 3.91% (-0.06%)• FHA 30-year Fixed rates at 4.00% (0.00%)• Jumbo...
May 03, 2019
Mortgage rates are moving down - over 2 days now. In most cases, however, they were flat today. It's not much, but better than the up-trend that has been going on the last 2 weeks. ...
May 01, 2019
Mortgage rates continue to edge higher this week, closer to rates seen on March 15th. Could the volatility in rates be affecting mortgage application volume? Mortgage Bankers Association reported total mortgage applications dropped 4.3 percent last week, from the previous week. Will we see this trend continue into the Summer? Let us hope not! ...
Apr 29, 2019
Mortgage rates increased today, and this is probably the smallest of the jumps we will see this week. Be prepared for rates to go up! There is an economic report on Wednesday and then two reports Friday, including the big jobs report. These reports have a history of impacting the bond market and the bonds market di...
Apr 23, 2019
The Bond market is an underlying factor to Mortgage rates and when we see gains in bonds it typically means that we can expect to see mortgage rates fall (lowering your interest rate). Today was not such a case; despite the slight improvement to bonds yesterday and today, mortgage rates increased slightly. Loan originators are recommending locking loans closing within 30-days. ...
Apr 19, 2019
Rates have undergone a significant losing streak this week. In most cases, since 3/28 Mortgage rates have increased. The increase streak began just days after rates reached the lowest they’d been in over one year. Loan Originator analyst suggest locking in rates for those closing in the next 30 days and are happy with current rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.34%...
Apr 16, 2019
Starting off the week, mortgage rates continue to rise, despite the weakness in the underlying bond market. Rates began to spike last Friday, sharply increasing into the zone around mid-late March. On average, these are lenders highest levels since March 20th. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.30% (+0.05%)• 15-year (FRM) rates at 3.98% (+0.03%)• FHA 3...
Apr 12, 2019
Amongst mostly flat rates this week, today saw an extreme spike. The rate spike today is a speculation of fears, including Chinese GDP and several European metrics hitting long term lows in the past few months. More economic data output is needed to confirm the concerns expressed by the extreme hike seen today. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.25% (+0....
Apr 10, 2019
Mortgage rates were flat-to-slightly-lower today.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.19% (-0.04%)
• 15-year (FRM) rates at 3.90% (-0.03%)
• FHA 30-year Fixed rates at 4.00% (0.00%)
• Jumbo 30-year Fixed rates at 4.12% (-0.03%)
• 5/1 ARM rates at 4.07% (-0.02%)
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Lisa Stepp
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