September 1, 2010 (FreeRateUpdate.com) – Current mortgage rates are wobbly and dropped an 1/8 today. 30-year fixed mortgage rates are back to 4%, a record low, for borrowers paying a standard .07 to…
Borrowers Take Advantage of FHA-Refinance After Inability to Sell Homes
September 1, 2010 (FreeRateUpdate.com) – Homeowners are finding it particularly difficult these days to sell their homes. According to the National Association of Realtors, demand for single family…
Mortgage Rates 8/17: Today’s Mortgage Rates Could Elevate
August 17, 2010 (FreeRateUpdate.com) – Today’s mortgage rates could elevate. 30-year fixed mortgage rates could rise from a current record low-level of 4%, but only if mortgage-backed securities…
Big Banks Aggressive in the Jumbo Mortgage Market
August 10, 2010 (FreeRateUpdate.com) – What do you get when you couple super-low interest rates with stifling government regulation? Big banks would respond: Opportunity. As President Obama…
Mortgage Rates 8/9: Record Low Mortgage Rates Still Available
August 9, 2010 (FreeRateUpdate.com) – Mortgage rates are still at record lows. Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, continue to waiver, rising…
Mortgage Rates 7/20: Mortgage Rates on Edge of 1/8 Increase
July 20, 2010 (FreeRateUpdate.com) – Mortgage-backed securities prices, which move mortgage interest rates in the opposite direction, continue to wobble during volatile sessions and are unchanged…
Mortgage Rates 7/19: Mortgage Interest Rates Could Rise Slightly
July 19, 2010 (FreeRateUpdate.com) – Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, gave some back today slipping -9/32 (FNMA 30-yr 4.0 at 101.19), putting…
Mortgage Rates 7/15: Mortgage Rates Dip to Another Record Low
July 15, 2010 (FreeRateUpdate.com) – Fixed mortgage rates dipped to yet another record low this morning. 30-yr fixed mortgage rates are now at 4.125% for well-qualified borrowers paying 1 point…
Mortgage Rates 7/14: Mortgage Rates Flat at Record Low
July 14, 2010 (FreeRateUpdate.com) – Mortgage rates are flat at record lows. Mortgage-backed securities prices, which move mortgage rates in the opposite direction, are up today +9/32 (FNMA 30-yr 4.0…
Mortgage Rates 7/7: Nothing New, Mortgage Rates Steady
July 7, 2010 (FreeRateUpdate.com) – Nothing new for mortgage rates. Today saw another day of steady record low fixed rates as mortgage-backed securities prices, which drive mortgage interest rates…