Author Archive

FHA Mortgage Rates Not Budgin’ – FHA 30 Year Fixed Mortgage Rate at 4.75

Sheldon Levene | March 16, 2010 | 0 Comments
fha mortgage rates

Mar. 16, 2010 (FreeRateUpdate.com) – FHA mortgage rates have been the same for just about 3 weeks. Why? Mortgage-backed securities, which drive conforming AND FHA loan rates have been flat leading up…

FHA Mortgage Rates Still Hangin’ with Conforming Mortgage Rates (Fannie Mae, Freddie Mac), Costs High

Sheldon Levene | February 19, 2010 | 0 Comments
fha mortgage rates

LOS ANGELES, CA — Feb. 19. (FreeRateUpdate.com) – FreeRateUpdate.com research of wholesale lenders’ rate sheets shows FHA mortgage rates remain nearly identical to conforming mortgage rates, rates…

Mortgage Interest Rates: 30 Year Fixed Mortgage Rates, Conforming, FHA, May Rise

Sheldon Levene | February 10, 2010 | 0 Comments
mortgage interest rates

LOS ANGELES, CA — Feb. 10 (FreeRateUpdate.com) – 30 year fixed mortgage interest rates could rise after a bad day for mortgage bonds. Mortgage-backed securities, which drive mortgage rates in the…

FHA Loan Rates Hold, Dow Up Over 200 Pts, FHA 30 Yr Fixed Mortgage Rate at 4.75

Sheldon Levene | February 9, 2010 | 0 Comments
fha mortgage rates

Feb. 9 (FreeRateUpdate.com) – FHA mortgage rates continue to hold on a big day for the stock market. The Dow is now up over 200 points and climbing. Typically both conforming and FHA mortgage rates…

Mortgage Rates Today: Today’s Mortgage Rates at Par Hold as Stocks Rally

Sheldon Levene | February 9, 2010 | 0 Comments
current mortgage rates

Feb. 9 (FreeRateUpdate.com) – Today’s mortgage rates often deteriorate on days when the stock market rallies. Why? Mortgage-backed securities which drive mortgage rates in the opposite direction lose…

Mortgage Bond Mortgage Rates Mess: Mortgage Rates Anybodies Guess in 2010 (VIDEO)

Sheldon Levene | February 3, 2010 | 0 Comments
mortgage rates

As we all know the government has been buying mortgage backed and agency related securities, to the tune of over one trillion dollars. This effort was part of a plan by the government to drive…

BREAKING: Mortgage Mass Confusion: Mortgage Rates, Fannie Mae, Freddie Mac Near Death? Bad Loans (VIDEO)

Sheldon Levene | February 2, 2010 | 0 Comments
fannie mae

Feb. 2 (FreeRateUpdate.com) – Fannie Mae and Freddie Mac are trying to push back onto the banks some bad loans. That’s not breaking news, but that they’re doing this aggressively and in record…

FHA Loan Rates: FHA Mortgage Rates Same as Conforming, 15 Year Higher

Sheldon Levene | February 1, 2010 | 0 Comments

Feb 1. (FreeRateUpdate.com) – FHA mortgage rates open the week about the same as conforming mortgage rates. There has been many days in the past few months when FHA mortgage rates and conforming…

Mortgage Interest Rates do a 180 – Current Interest Rates to 4.75%

Sheldon Levene | January 29, 2010 | 0 Comments

Mortgage interest rates were up in the early morning leading us to believe risk was high for the 30 year fixed rate to rise an 1/8 to 5%. Early in the morning GDP data sent the stock market sky…

Mortgage Refinance: Is the Mortgage Refinance Business on Life Support?

Sheldon Levene | January 27, 2010 | 0 Comments

I remember 2007 like it was yesterday. Refinance, refinance, refinance. Everybody and their mom knew to refinance and they could. Lending guidelines were more lax than ever before. I remember talking…