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Mar. 07, 2010 (FreeRateUpdate.com) – Current conforming (standard Freddie Mac FRE and Fannie Mae FNM insured mortgages) and FHA 30 year fixed mortgage rates enter the week at 4.75%. FreeRateUpdate.com research of over 2 dozen wholesale lenders’ rate sheets verified this rate is available for well-qualified consumers with a standard .07 to 1 point origination. Other mortgage rates include the 15 year fixed rate, at 4.25%, and the 5/1 ARM at 3.625%. The current jumbo 30 year fixed rate… Read more
Mar. 5, 2010 — (FreeRateUpdate.com) – The current 30 year fixed rate is 4.75, where it’s been all week. This rate is available to well-qualified consumers today with a standard origination of .07 to 1 point as verified by FreeRateUpdate.com research of wholesale lenders’ rate sheets. Looking for the lowest current mortgage rates? Search local mortgage rates here. Current FHA mortgage rates remain nearly the same as interest rates for conforming a.k.a. standard 30 year fixed mortgages…. Read more
Mar. 4, 2010 (FreeRateUpdate.com) – Current 30 year fixed mortgage rates are once again approaching 4.625. Today mortgage-backed securities prices, which move mortgage rates in the opposite direction, posted gains of +6/32 (FNMA 30-yr 4.5 at 101.14). As a result most lenders’ re-priced favorably making 4.75 on a 30 year fixed mortgage less expensive for consumers. Any substantial gain in MBS prices now could change mortgage rates for the better. The 30 year fixed rate hasn’t been at 4.625 since… Read more
Mar. 04, 2010 (FreeRateUpdate.com) – Today’s 30 year fixed mortgage rates are stable at 4.75, where they’ve been all week. 30 year fixed mortgage rates dipped late last week (-0.125) on rising mortgage-backed securities prices almost in sync with the release of Freddie’s weekly survey results which said mortgage rates rose to over 5 percent. Mortgage-backed securities prices drive mortgage rates in the opposite direction. Since the gains in MBS prices, which led to a 1/8 improvement in mortgage… Read more
Mar. 3, 2010 (FreeRateUpdate.com) – Current conforming and FHA 30 year fixed mortgage rates are unchanged, remaining at 4.75 where they’ve been all week. The Fed’s Beige Book revealed a ‘modest’ improvement in the economy in 9 of 12 regions. The data’s effect on mortgage rates was limited. Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are up +5/32 (FNMA 30-yr 4.5 at 101.08). As a result of the gain in MBS prices it’s possible lenders’ will re-price… Read more
ORANGE COUNTY, CA — (FreeRateUpdate.com) – We’ve all been taught by our fathers to walk off the lot before signing paperwork on a car loan. Why? The salesman will chase you down, tell you how greatly he values your business, and proceed to lower the rate on the proposed car loan by 3 or 4 percent. It’s a step into manhood. You can spend a lifetime basking in the glory of hard line car loan negotiations that lead to lower rates. “They lost money on that deal,” my father tells me. If just… Read more
Mar. 2, 2010 — (FreeRateUpdate.com) – Mortgage rates today are flat thanks to unchanging MBS prices. Prices of mortgage-backed securities move mortgage rates in the opposite direction. The Dow was also flat today, moving just over 2 points. The benchmark 10 year treasury yield, used by many to forecast mortgage rates, moved -0.01 to 3.60. When mortgage rates hit record lows last October the yield dipped below 3.2. Many economist forecast the yield will move upwards of 4 by the end of this… Read more
Mar. 1, 2010 — (FreeRateUpdate.com) – Current mortgage rates are steady. Prices of mortgage-backed securities, which drive mortgage rates in the opposite direction, haven’t moved much at all in the first 2 days of March. The current conforming 30 year fixed remains 4.75, unchanged this week. The current conforming 15 year fixed rate remains 4.25, unchanged in the past few months. The current 5/1 conforming ARM rate is 3.625, also unchanged. Looking for the lowest current mortgage rates?… Read more
Mar. 1, 2010 — ( FreeRateUpdate.com ) – Current mortgage rates are firm with little to no risk of rising. Current 30 year fixed interest rates for conforming Freddie MAC (FRE) and Fannie Mae (FNM) 30 year fixed mortgages, more simply known as a standard 30 year fixed, are at 4.75. The conforming 15 year interest rate is currently 4.25, where it’s been all year. The current conforming 5/1 ARM interest rate is 3.625, down from early last week when it was 3.75. The FHA 30 year fixed rate is… Read more
Feb. 26, 2010 – (FreeRateUpdate.com) - Current mortgage rates have improved slightly today. 5/1 ARM rates for conforming and FHA mortgages dipped to 3.625 from 3.75. 15 year fixed interest rates for FHA and conforming mortgages, while still at 4.25, have become less costly. 30 year fixed jumbo loan rates have dipped to 5.625, the lowest level in years. Many lenders offer 5.5 30 year fixed jumbos for those with an extremely low LTV. 30 year fixed mortgage interest rates for FHA and… Read more
On April, 05 2010, MI will be boosted to 2.25 and minimum credit scores will be raised. Read about this and other NEW FHA Loan Guidelines.
Delaware Mortgage - DE Mortgage Blog - John Thomas talks Delaware mortgages.
Minnesota Mortgage - MN Mortgage Blog - Josh Manier talks Minnesota mortgage.
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