Mortgage News
Apr 20, 2018
In banking news, Wells Fargo is once again under scrutiny for illegal practices. Wells Fargo has admitted to "charging some customers improper fees to lock in their mortgage interest rates" and to "forcing auto loan customers for auto insurance they didn't need." Over 20k borrowers had their cars repossessed out of the 570k+ borrowers who were affected. Settlement was reached today for close to 1 billion...
Apr 19, 2018
Just when we see a consistent trend of mortgage rates going down, the pendulum has swung, and rates now are at their highest level in a month. Bonds dictate rate movement and have been breaking away from the narrow Springtime range of March and April. Today’s rates are the highest they have been since March 21st. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.56% (+0.06%)• 15-...
Apr 16, 2018
When bond prices fall, rates move higher which is how mortgage rates started Monday off, at higher levels. Some analysts are saying that the ongoing developments in Syria are reflecting in the bonds and rates. ...
Apr 12, 2018
One of the key points being discussed regarding the latest Tax Cut passed by Congress December 2017, is the effect on housing related choices that homeowners make. Frank Nothaft, CoreLogic's chief economist, brings up how the bill changes tax cuts for many filers. “Persons with big mortgages, increasingly necessary for those buying on both costs, may lose some previous benefits from the mortgage interest rate deductions. The...
Apr 11, 2018
Today’s rates finally set Mortgages into a new two-month low. The jump won’t appear as large from the rate perspective, and most borrowers will notice the adjustments mostly upfront in costs and credits. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.47% (-0.02%)• 15-year (FRM) rates at 3.86% (-0.01%)• FHA 30-year Fixed rates at 4.25% (0.00%)• Jumbo 30-year Fixed rates at 4.48...
Apr 06, 2018
Concluding today’s Jobs Report from the Labor department, mortgage rates moved back down to 4/5 levels, as expected, as weak economic data tends to drives investors to safer assets. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.48% (-0.01%)• 15-year (FRM) rates at 3.86% (-0.01%)• FHA 30-year Fixed rates at 4.25% (0.00%)• Jumbo 30-year Fixed rates at 4.50% (-0.01%)• 5/1 ...
Apr 05, 2018
Amidst the trade war fears in the financial markets, mortgage rates increased slightly although there is no direct correlation with the trade disputes and rates. With Jobs Reports coming out tomorrow, we will most likely see more potential for movement in rates and larger trades. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.49% (+0.01%)• 15-year (...
Apr 04, 2018
Rates saw a sligh decrease and were sideways today, depending onthe lender. With bond markets seeming moving the other directin, this could lead to good opportunity for rates this week. Bookmark this page for mortgage rates: ...
Mar 30, 2018
Bond markets closed early Thursday, and mortgage rates were essentially unchanged today. Bond markets and Stock markets will be fully closed Today for the Good Friday holiday. ...
Mar 28, 2018
The rise in Interest rates is not keeping Americans from refinancing and purchasing. Refinance applications were up 7.3% the week of March 19th from the previous week. Purchase applications are up 8.2% based on the year previous; purchase volume increased 3.1% from last week.In a Redfin survey last month, it was noted that even if rates higher than 5%, only 6% of prospective homebuyers would walk away from their plans to buy a...
Searching Today's Rates...
Featured Lenders
Lisa Stepp
RBS Citizens
Clifton Park, NY
