Mortgage News
Aug 13, 2018
Rates have been holding onto a new 3 week low. The debt/banking crisis in Turkey has caused bond demands to rise helping mortgage rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.64% (0.00%)• 15-year (FRM) rates at 4.14% (+0.01%)• FHA 30-year Fixed rates at 4.37% (0.00%)• Jumbo 30-year Fixed rates at 4.39% (-00.01%)• 5/1 ARM rates at 3.95% (0.00%) ...
Aug 06, 2018
We very may well see mortgage rates recover this August; for the 3rd straight business day in a row rates have dropped. With the narrow range, technically rates are at their lowest since 7/25. Bookmark this page for mortgage rates: ...
Aug 02, 2018
Although we did see a slight drop in rates today, it wasn’t much of an impact in the grand scheme of things; mortgage rates are flat this week, and not much high than last weeks rates. These rate drops will mostly be seen on the borrower end, as a few dollars savings in upfront fees. ...
Jul 31, 2018
Home prices continue to rise steadily across the country. According to the S&P CoreLogic Case-Shiller Indices "Home prices continue to rack up gains two to three times greater than the inflation rate,". Average home prices for those areas covered by 20-City Composite and 10-City Composite, are back to their winter 2007 levels. ...
Jul 30, 2018
Mortgage rates continue to edge higher. Today rates hit the highest levels since the end of May. Although the moves today are not vastly alarming, in perspective this uptrend is significant because the type of flat, narrow ranges, like we’ve seen today, have the potential to carry a bit of extra movement than what is seen, compared to other rate jumps. Bookmark this page for mortgage rates: •...
Jul 27, 2018
Mortgage rates were flat today, which made for a disappointing end to a week filed with some of the most extreme spikes the market has seen in recent months. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.72% (0.00%)• 15-year (FRM) rates at 4.19% (0.00%)• FHA 30-year Fixed rates at 4.42% (0.00%)• Jumbo 30-year Fixed rates at 4.50% (0.00%)• 5/1 ARM rates at 4.00% (-0.01%)&n...
Jul 25, 2018
New Home Sales continue to feel the effects of the volatility in the market this past quater; as sale patterns are up and down and have dropped by more than 5% since May 2018 (666,000 May data - U.S. Census Bureau and the Department of Housing and Urban Development report). Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.72% (+0.02%)• 15-year (FRM) rates at 4.20% (+0.02%)• FHA 30-year Fixed...
Jul 24, 2018
We tend to see rates stabilize as the market stabilizes, but like most activity in the market as of late, the market has been hard to gauge one day to the next, even considering new events. Today rates increased once again, yet bond markets showed some improvement. Loan originators favor locking in due to the instability between the bond market and mortgage rates. ...
Jul 20, 2018
Today bond markets were very weak, which would imply a movement to higher rates. Unless we see a huge recovery over the weekend in Europe and Asia markets, we can expect to see Monday's rates move a bit higher. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.63% (-0.01%)• 15-year (FRM) rates at 4.13% (-0.01%)• FHA 30-year Fixed rates at 4.37% (0.00%)• Jumbo 30-year Fixed rates at 4...
Jul 16, 2018
Just as we see some analysts predicting the "lowest rates since May", Mortgage rate edge back up this week. Today bond market saw some modest pressure for various, inconsequential reasons. Bonds underlie rates, causing the slight spike we saw today. ...
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