Mortgage News
Dec 10, 2018
Rates are at a fork in the road: we may be seeing the last of the low rates, for quite some time or the pause in rates may indicate they will continue to hold steady and further decline. The Fed announcement next Wednesday and upcoming economics report will weigh heavily on how rates will continue. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.70% (-0.01%)• 15-year (FRM) rates at 4...
Dec 06, 2018
Mortgage rates have dropped again today significantly, for the 4th consecutive day. The stock market tumble today certainly moved the needle with lenders. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.73% (-0.09%)• 15-year (FRM) rates at 4.25% (-0.010%)• FHA 30-year Fixed rates at 4.25% (-0.08%)• Jumbo 30-year Fixed rates at 4.40% (-0.12%)• 5/1 ARM rat...
Dec 04, 2018
Mortgage rates continued to drop slightly today, keeping the 2-month low titles intact. Loan originators, however, remain uneasy as to if October/November 7 year highs were a long-tern ceiling or if the current 2-month lows are simply a slight correction before higher ceiling(s) to come. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.82% (-0.03%)• 15-year (FRM) rates at 4.35% (-0.02%)• FHA...
Dec 03, 2018
7-year highs, back down to 2-month lows - mortgage rates are decreasing furiously! Although todays numbers did not improve for the average lender, rates did manage to hold steady between the gap in mortgage rates between 10/2 and 10/3, bringing them back down to the 2-month low. This movement makes us hopeful that Markets are giving much consideration in the way of a broader correction to the mortgage rates (rates going down). Bookmark...
Nov 28, 2018
It has been more than a week since mortgage rates have moved in a significant way. Rates have been mostly sideways, since right before the Thanksgiving Holiday. Stocks and bonds have also both improved; as we know, when bonds improve mortgage lenders typically respond and pull back on the higher rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.93% (-0.01%)• 15-year (FRM) rates at 4.43%...
Nov 26, 2018
Mortgage Rates are calm. Rates remain sideways, amidst the long Thanksgiving Holiday weekend. The lack of movement, Monday post-Thanksgiving, is normal. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.94% (0.00%)• 15-year (FRM) rates at 4.44% (+0.01%)• FHA 30-year Fixed rates at 4.46% (+0.01%)• Jumbo 30-year Fixed rates at 4.59% (+0.01%)• 5/1 ARM rates at 4.75%...
Nov 19, 2018
The more than 61 million Americans that reside, work and establish their families in rural areas will have a chance at the American dream; home homeownership. The new government program will help those families that are in need of down payment assistance, giving them an alternative other than cash to cover it. Those applying will be able to use their construction skills to make up the difference in the down payment. ...
Nov 16, 2018
New Home sales are down in October as reported by the Mortgage Bankers Assocition. New purchase apps were down by 2.1%. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.94% (-0.02%)• 15-year (FRM) rates at 4.44% (-0.02%)• FHA 30-year Fixed rates at 4.47% (-0.03%)• Jumbo 30-year Fixed rates at 4.57% (-0.01%)• 5/1 ARM rates at 4.71% (-0.02%) ...
Nov 13, 2018
Mortgage rates saw improvement, but not considered to be too huge. Mostly rates remain unchanged from Friday - before the long Veterans Holiday weekend. Consumer Price Index will be published tomorrow (Wednesday) and can make for noticeable upward pressure on rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 5.04% (-0.01%)• 15-year (FRM) rates at 4.52% (-0.01%)• FHA 30-y...
Nov 09, 2018
Ahead of the 1st, (of one of many) 3-day weekends this Holiday Season, we may not see much movement in the bond market. However, after next week’s CPI, we may see consumers paying more for goods and service depending on weather the price index confirms or rejects the idea that we are in the strongest wage growth in a decade. We will have to see Wednesday. Bookmark this page for mortgage...
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