Mortgage News
Mar 04, 2019
After mortgage rates spiked last week, rates held steady today.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.56% (-0.01%)
• 15-year (FRM) rates at 4.13% (-0.01%)
• FHA 30-year Fixed rates at 4.22% (0.00%)
• Jumbo 30-year Fixed rates at 4.37% (0.00%)
• 5/1 ARM rates at 4.45% (+0.01%)
Mar 01, 2019
In the last 30 days, mortgage rates have spiked back up again to the highest rates in over a month now. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.57% (+0.04%)• 15-year (FRM) rates at 4.14% (+0.04%)• FHA 30-year Fixed rates at 4.22% (+0.04%)• Jumbo 30-year Fixed rates at 4.37% (+0.02%)• 5/1 ARM rates at 4.44% (+0.04%)...
Feb 28, 2019
Cash-out Refi's are on the rise; since 2017 and into 2018. The spike in refi's, analyst say, were a simmer red flag right before the great recession. The shar jumps have been highest since 2006, 50 percent in 2017 and 61 percent in 2018. However, this time around Lenders and investors are not as leery of the spike, and also have less to fear because of the credit quality of the cash-out portion of...
Feb 25, 2019
This past weekend, it was announced that US/China tariff deadline would be extended. This news does not directly affect mortgage rates; however, investors did react which caused a slight increase in mortgage rates today. Mostly, however, rates were unchanged. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.46% (+0.01%)• 15-year (FRM) rates at 4.06% (+0.01%)• FHA 30-year Fixed rat...
Feb 19, 2019
Mortgage rates are nearing long-term lows now. Rates moving sideways in momentum is an indicator they may be making way for a much larger, more significant move....
Feb 15, 2019
Mortgage delinquencies have been improving across the board. These improvements were seen in Q4-2018, after the hurricane and wildfire devastation Q2 & Q3-2018. Q3-2018 many of these states experienced delinquency spikes. Delinquency rates fell on a year-over-year basis in Florida, Texas, North Carolina, South Carolina, Mississippi, Arkansas and Alabama. Bookmark this page for mortgage...
Feb 13, 2019
Mortgage rates, once again this week, did not change much at all. Tomorrows economic data, Retail Sales Report, is important to the economical industry. The last Retail Sales data was presented before the government shutdown began in December 2018. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.45% (+0.01%)• 15-year (FRM) rates at 4.06% (+0.01%)• FHA 30-year Fix...
Feb 13, 2019
Mortgage rates have been steady since Friday last week. Not much change. Mortgage rates and bond market are correlated. Bond trading levels dictate mortgage rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.44• 15-year (FRM) rates at 4.05• FHA 30-year Fixed rates at 4.13• Jumbo 30-year Fixed rates at 4.28• 5/1 ARM rates at 4.37%...
Feb 08, 2019
Mortgage rates continued to drop through today, ending this week at their lowest levels. Yesterday was the first day in a year we saw the lowest rates. Not too bad for the first 45 days into the year! ...
Feb 07, 2019
Home purchases are slowly back on the rise. Fannie Mae released January's National Housing Survey which reported a 1.2 point increase, driven by factors such as higher income. ...
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Lisa Stepp
RBS Citizens
Clifton Park, NY
