Mortgage News
Feb 01, 2019
A nice start to the new month, February 1st; mortgage rates have fallen to one-year lows. Although the Fed announcement, Thursday 1/31, did not directly affect mortgage rates, the result seemed to show the opposite. The adjustments announced by the Federal Reserve were unexpectedly quite large. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.43% (-0.11%)• 15-year (FRM) rates...
Jan 28, 2019
Tis the beginning of a very hectic week in the market. Today was the first day the government was back open; and reports say that there are over 5 million unopened pieces of mail waiting on staff. Mortgage rates went unchanged today - likely to quickly change after the Fed releases its periodic policy announcements on Wednesday. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.61%...
Jan 25, 2019
Mortgage rates were uneventful this week. The changes practically canceled each other out, leaving rates flat. Although today, rates were a tad higher than the beginning of the week. Next week will bring Federal Reserve policy statement and the jobs report. This can bring much change in the way of volatility next week. ...
Jan 24, 2019
ARM loans are making a comeback as more buyers are looking to take part in the homeownership American Dream. Ellie Mae CEO, Jonathan Corr sees the adjustable rate mortgage increase as an indicator that demand has overstepped supply. "With the strong demand for housing and the rapid increase in property value appreciation, more consumers are turning to Adjustable Rate Mortgages in order to gain additional flexibility when competing for a...
Jan 21, 2019
Mortgage rates rose slightly; however, most were most were unchanged today.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.60% (+0.01%)
• 15-year (FRM) rates at 4.16% (+0.01%)
• FHA 30-year Fixed rates at 4.18% (0.00%)
• Jumbo 30-year Fixed rates at 4.38% (+0.01%)
• 5/1 ARM rates at 4.40% (0.00%)
Jan 17, 2019
Rates were unchanged today. By closing, there were even lenders offering better terms in comparison to yesterday. Today's volatility in the financial market which is not good for mortgage rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.59% (+0.02%)• 15-year (FRM) rates at 4.15% (+0.01%)• FHA 30-year Fixed rates at 4.18% (+0.01%)• Jumbo 30-year Fixed...
Jan 16, 2019
Economy data is improving. This is evident as the National Association of Home Builders /Wells Fargo Housing Market Index seems to be stabilizing. NAHB HMI fell an aggregated 12 points in November and December. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.59% (+0.02%)• 15-year (FRM) rates at 4.15% (+0.01%)• FHA 30-year Fixed rates at 4.18% (+0.01%)...
Jan 14, 2019
Some lenders have started gearing up to assist struggling homeowners amidst the near historically long government shutdown. New Jersey based lender Freedom Mortgage, has started providing assistance to homeowners / borrowers effected by the government shutdown. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.57% (-0.02%)• 15-year (FRM) rates at 4.14% (-0.01%)• FHA 30-year...
Jan 10, 2019
Mortgage rates were mostly unchanged today from yesterday's numbers. Bookmark this page for mortgage rates: ...
Jan 07, 2019
Rates are back on the rise from the low log-terms we saw early 2018. Due to the instability of the market, rates have made corrections which put mortgage rates back on the rise. ...
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