Author Archive

Current Mortgage Rates 6/16: 15-Yr Fixed Rate Still at 3.875, on Edge

Ed Ferrara | June 16, 2010 | 0 Comments
mortgage rates

June 16, 2010 (FreeRateUpdate.com) 30-year fixed mortgage rates are steady at 4.375% for well-qualified borrowers paying a standard 1 point origination. 15-yr fixed rates, also steady, are at 3.875%…

Mortgage Rates 6/15: Mortgage Rates at Risk to Edge Up

Ed Ferrara | June 15, 2010 | 0 Comments
mortgage rates

June 15, 2010 (FreeRateUpdate.com) – Mortgage rates are at risk to edge up following a decline in mortgage-backed securities prices today -9/32 (FNMA 30-yr 4.0 at 99.16) . MBS prices drive mortgage…

Mortgage Rates 6-11: Mortgage Rates Recover, Jumbo Rates Steady

Ed Ferrara | June 11, 2010 | 0 Comments
mortgage interest rates

June 11, 2010 (FreeRateUpdate.com) – A big drop in mortgage-backed securities prices yesterday indicated mortgage rates could finally go up; however, MBS prices, which drive mortgage rates in the…

CONSUMER ALERT-Mortgage Rates 6/10: Mortgage Rates Rising Fast

Ed Ferrara | June 10, 2010 | 0 Comments
mortgage rates

June 10, 2010 (FreeRateUpdate.com) RATE ALERT – Mortgage rates are rising fast on positive economic data. Worries over European debt eased, jobs numbers came in higher than expected, and China…

Mortgage Rates 6/9/10: 30-Year Fixed Mortgage Rates Still at Low

Ed Ferrara | June 9, 2010 | 0 Comments
mortgage rates

June 9, 2010 (FreeRateUpdate.com) – Mortgage-backed securities prices, which drive fixed mortgage rates in the opposite direction, are up slightly today +3/32 (FNMA 30-yr 4.0 at 100.09), not enough…

Mortgage Rates 6/8: Mortgage Interest Rates Cemented at Record Low

Ed Ferrara | June 8, 2010 | 0 Comments
fha mortgage rates

June 8, 2010 (FreeRateUpdate.com) – If you haven’t gotten around to it yet, you may want to lock a fixed mortgage rate today. 30-year fixed mortgage rates are still at 4.375% for well-qualified…

Mortgage Rates 6/7/10: Mortgage Interest Rates to 4.375% and Holding

Ed Ferrara | June 7, 2010 | 0 Comments

June 7, 2010 (FreeRateUpdate.com) – Conventional 30-year fixed mortgage interest rates moved to an all time record low 4.375% on Friday for well-qualified consumers paying .07 to 1 point origination….

Current Mortgage Rates 6/4: Mortgage Rates to Record 4.375%

Ed Ferrara | June 4, 2010 | 0 Comments
mortgage rates

June 4, 2010 (FreeRateUpdate.com) – 30 year fixed mortgage rates today dipped to 4.375%, a new record low. 15 year fixed mortgage rates also reached a new record low, at 3.875%. These rates are…

Current Mortgage Rates 6-3: Mortgage Rates Continue to Hold

Ed Ferrara | June 3, 2010 | 0 Comments
current mortgage rates

June 3, 2010 (FreeRateUpdate.com) – Mortgage rates continue to hold thanks to steady mortgage-backed securities prices. MBS prices drive mortgage rates in the opposite direction. Today MBS prices are…

Today’s Mortgage Rates 6-2: Mortgage Rates Stand Still

Ed Ferrara | June 2, 2010 | 0 Comments

Jun. 2, 2010 (FreeRateUpdate.com) – Mortgage rates today stood still at record lows. Today’s conventional 30 year fixed mortgage rate is unchanged at 4.5% for well-qualified consumers paying about 1…