Today's Mortgage Rates (FreeRateUpdate.com) -- 30 Yr Fixed 4.750........15 Yr Fixed 4.250.........5/1 ARM 3.625...........FHA 30 Year Fixed 4.750...........Jumbo 30 Year Fixed 5.625....... - Mortgage rates are stable.

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Mortgage Interest Rates Today: 30 Year Fixed Mortgage Rates Hold Below 5%, FHA Rates Down Also.

Sheldon Levene | January 8, 2010 | 0 Comments

Prices of mortgage-backed securities rallied late this week pushing mortgage rates which move opposite down. Mortgage interest rates had been on a 6 week rise before this weeks reversal. 30 year fixed conforming interest rates in particular skyrocketed over the past month and a half from all time record lows of 4.5%, reaching as high as 5.125% late last week. Freddie Mac said yesterday in their weekly mortgage rates survey results average conforming 30 year fixed mortgage rates declined… Read more

Mortgage Rates: Score Low Mortgage Rates Online

Sheldon Levene | December 31, 2009 | 0 Comments

Source: Informa Research Services The Wall Street Journal recently reported that while retail sales remained relatively flat this year, online sales grew 4% since 2008 stating “price and convenience” as major factors in this growth. Online shopping doesn’t have to be relegated to just books, CDs, and clothes; the Internet is one of the best places to find rates on mortgages this season. Like shopping for gifts, the Internet allows consumers to quickly compare a number of products at… Read more

Mortgage Rates Today: 30 Year Fixed Mortgage Rates Up .50% From All Time Low. Also FHA Loan Update.

Sheldon Levene | December 26, 2009 | 0 Comments

It was a month ago when conforming 30 year fixed mortgage rates dipped to 4.5% at par, the lowest level ever. Freddie Mac who’s been tracking average 30 year fixed mortgage rates since the seventies reported in their weekly survey that week an average 30 year fixed mortgage rate of 4.71%. A principal and interest payment on a $200,000 mortgage fixed for 30 years at 4.5% is just $1,013.37, comparable to the rent of a 1 bedroom apartment in a lower income area of Southern California. Mortgage… Read more

Mortgage Rates: Mortgage Averages Up Slightly from Last Week

Sheldon Levene | December 23, 2009 | 1 Comments

Source: Informa Research Services – After weeks of floating closer and closer to 5 percent, the national average rate on a 30-year fixed conforming mortgage increased slightly this week from 5.06% last week to 5.14%, according to Informa Research Services’ weekly survey of interest rates. While the average remains low, there are far lower rates available to qualified borrowers. Informa Research Services, a subsidiary of Informa plc (LSE: INF) suggests looking to online tables to find the… Read more

Mortgage Interest Rates Today: 30 Year Fixed Interest Rates Now at 5%

Sheldon Levene | December 23, 2009 | 0 Comments

For the first time in months it takes a buy down, also known as discount points, to get a 30 year fixed rate under 5%. Mortgage interest rates have spiked in the past few weeks as mortgage-backed securities prices, which move mortgage rates in the opposite direction, have deteriorated. Why the rise in mortgage interest rates? It has a lot to do with positive economic data. A recent string of economic reports that point to the economy strengthening have caused investors to shy from MBS for… Read more

BREAKING: Mortgage Interest Rates Up Over 5% – Current Interest Rates Pressured by Positive Economic Data

Sheldon Levene | December 22, 2009 | 0 Comments

Today’s mortgage interest rates are now above 5% for the first time in 3 months. Mortgage interest rates had gradually declined to all time record lows over a 4 month period bottoming out less than a month ago. How low were mortgage interest rates at the bottom? Conforming 30 year fixed interest rates reached 4.5% and nearly 4.375% at par. 15 year fixed interest rates bottomed out at 4.125%, though they are looking more attractive today at 4.25%. The 5/1 conforming adjustable rate mortgage… Read more

Mortgage Refinance: Low Mortgage Refinance Rates Lead to 75% of Mortgage Apps Being Refinance

Sheldon Levene | December 18, 2009 | 0 Comments

The numbers are out and according to the Mortgage Bankers Association 75% of mortgage applications in the first 2 weeks of December were for mortgage refinance. Low mortgage refinance rates have driven applications. What’s surprising is that there are people out there who haven’t done it yet. For the past year mortgage rates have been unusually low and home values continue to decline. Most anybody who can refinance today could of done it 8 months ago. That being said, though mortgage refinance… Read more

FHA Mortgage Rates: FHA 30 Yr-Fixed Mortgage Rate at 5% and Climbing

Sheldon Levene | December 16, 2009 | 1 Comments

FHA mortgage rates have ridden the wave over the past few weeks dipping to record lows before climbing in the past 2 weeks. The FHA 30 year fixed rate dipped as low as 4.5% almost 3 weeks ago according to FreeRateUpdate.com research of wholesale mortgage lender’s rate sheets. FHA mortgage rates move with conforming mortgage rates but typically differ by at least an 1/8 of a percentage. Recent talk of FHA’s liquidity problem hasn’t ad an affect on FHA loan rates. There is chatter right now that… Read more

Mortgage Interest Rates: Current Interest Rates on the Rise – 30 Year Fixed, FHA, Jumbo Updates

Sheldon Levene | December 14, 2009 | 0 Comments

Prices of Mortgage Backed Securities which drive mortgage interest rates are up so far today. MBS prices move mortgage rates in the opposite direction. There’s no major economic data to be released today to directly to affect MBS and mortgage rates. The Dow is up 25 points on this quiet Monday morning. Volatility is common in MBS prices and during December due to light volume. A strong dollar helps to lower mortgage rates. Today the dollar gave ground to the Euro. The benchmark 10 year… Read more

Mortgage Rates: Current Mortgage Rates 1/4% Above Record Lows. FHA Mortgage Rate Update.

Sheldon Levene | December 9, 2009 | 1 Comments

Mortgage rates deteriorated slightly today on falling Mortgage Backed Securities prices and a weak 10 year treasury bond auction. Investor demand was weaker than normal as foreign investors purchased just 35% of the bonds at today’s auctions. Any time bond demand is weak at treasury auctions it usually reflects badly on mortgage rates. Mortgage Backed securities which drive mortgage rates in the opposite direction were down today and have lost steam in the past week and a half. MBS prices were… Read more

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