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…
Conforming Jumbo Mortgage Refinance Hot, Interest Rates Low
September 1, 2010 (FreeRateUpdate.com) – Conforming Jumbo Mortgage Refinance Hot, Interest Rates Low While mortgage rates continue at record low levels, overall volume of refinances have continued…
Jumbo Mortgage Rates Continue to Fall
Just as conforming mortgage rates continue to be unpredictable, the same can be said for the jumbo mortgage rate market. As the housing market continues to correct itself, mortgage rates across the…
Jumbo Mortgage 101: How to Find Your Counties Conforming Jumbo Loan Limit
August 25, 2010 (FreeRateUpdate.com) – Conforming loan limits are set by two government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac. These loans are labeled “conforming” because…
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…
Super Jumbo Loans Making a Comeback
August 4, 2010 (FreeRateUpdate.com) – For the past several years, the high-end housing market has stagnated, thanks to the jumbo (and super jumbo) loan market all but disappearing. However…
Why Jumbo Mortgage Rates are Higher than Conforming Rates
July 30, 2010 (FreeRateUpdate.com) – The difference between conforming mortgage loans and jumbo mortgage loans is simple: lending standards are set by two government-sponsored enterprises (GSE),…
Jumbo Mortgage Rates at Record Lows, Jumbo Market Thawing
July, 27 2010 (FreeRateUpdate.com) – Finally, things for the mortgage industry are starting to change. As historically low mortgage interest rates have been recently seen in the low to middle priced…