Today’s Mortgage Rates

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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Today’s Mortgage Rates: Mortgage Rates Today Flat After 10-Yr Auction

Ed Ferrara | March 10, 2010 | 0 Comments

Mar. 10, 2010 (FreeRateUpdate.com) – Today’s mortgage rates are flat after strong demand at this afternoon’s 10 year treasury auction helped lift mortgage-backed securities prices, which move mortgage rates their opposite. The benchmark 10 year treasury yield, used to forecast mortgage rates, is up to 3.72, +0.02 on the day. Many economists believe the yield will spike to above 4 before the year is over. If that happens, it is likely mortgage rates will be in the mid 5’s or higher, compared… Read more

Today’s Mortgage Rates Unchanged – Mortgage Rates Today (Update)

Ed Ferrara | March 9, 2010 | 0 Comments

Mar. 09, 2010 (FreeRateUpdate.com) – Mortgage rates today are unchanged. 30 year fixed rates are still at 4.75 for well-qualified consumers paying a standard .07 to 1 point origination. 15 year fixed rates are at 4.25, while 5/1 ARM’s are available at 3.625. FHA 30 year fixed rates continue to mirror those of standard (conforming Freddie Mac FRE and Fannie Mae FNM insured) mortgages, with the exception of the 15 year fixed FHA rate which is slightly higher at 4.5. Jumbo 30 year fixed… Read more

Today’s Mortgage Rates Sittin Still – 30 Yr Fixed Mortgage Rate Today at 4.75

Ed Ferrara | March 8, 2010 | 0 Comments

Mar. 08, 2010 (FreeRateUpdate.com) – Today’s mortgage rates are sittin’ still at 4.75%. 30 year fixed mortgage rates haven’t budged in nearly 2 weeks. Other mortgage rates include the 15 year fixed rate, which remains at 4.25, where it’s been cemented for months. The 5/1 ARM remains extremely low and at 3.625%. These rates are available to well-qualified consumers at a standard .07 to 1 point origination as verified by FreeRateUpdate.com research of over two dozen wholesale lenders’ rate… Read more

Today’s Mortgage Rates Falling? 30 Year Fixed Mortgage Rates Today

Ed Ferrara | March 4, 2010 | 0 Comments

Mar. 04, 2010 (FreeRateUpdate.com) – Today’s 30 year fixed mortgage rates are stable at 4.75, where they’ve been all week. 30 year fixed mortgage rates dipped late last week (-0.125) on rising mortgage-backed securities prices almost in sync with the release of Freddie’s weekly survey results which said mortgage rates rose to over 5 percent. Mortgage-backed securities prices drive mortgage rates in the opposite direction. Since the gains in MBS prices, which led to a 1/8 improvement in mortgage… Read more

Current Mortgage Rates: Current 30 Year Fixed, FHA, and Jumbo, Mortgage Rates

Ed Ferrara | March 3, 2010 | 0 Comments

Mar. 3, 2010 (FreeRateUpdate.com) – Current conforming and FHA 30 year fixed mortgage rates are unchanged, remaining at 4.75 where they’ve been all week. The Fed’s Beige Book revealed a ‘modest’ improvement in the economy in 9 of 12 regions. The data’s effect on mortgage rates was limited. Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are up +5/32 (FNMA 30-yr 4.5 at 101.08). As a result of the gain in MBS prices it’s possible lenders’ will re-price… Read more

Today’s Mortgage Rates Flat – Adjustable Mortgage Rates Super Low

Ed Ferrara | March 2, 2010 | 0 Comments

Mar. 2, 2010 — (FreeRateUpdate.com) – Mortgage rates today are flat thanks to unchanging MBS prices. Prices of mortgage-backed securities move mortgage rates in the opposite direction. The Dow was also flat today, moving just over 2 points. The benchmark 10 year treasury yield, used by many to forecast mortgage rates, moved -0.01 to 3.60. When mortgage rates hit record lows last October the yield dipped below 3.2. Many economist forecast the yield will move upwards of 4 by the end of this… Read more

Today’s Mortgage Rates: California Mortgage Rate Update and a Little Mortgage 101

Mark Simons | February 25, 2010 | 0 Comments

SAN FRANCISCO, CA — Feb. 25, 2010 ( http://www.freerateupdate.com/ ) - Rates for today’s POV* came out and stayed out with no major Wholesale Lenders repricing one way or the other. Conforming loans at 4.75% and Jumbo Conforming at 4.875%. SUPER Jumbos at 5.75%. As always, jokes, recipies and loan scenarios are welcome at lololoans@yahoo.com . Which way is UP? Although there have been recent signs of recovery in the Housing Market, the grim fact is that a huge number of… Read more

Mortgage Rates Today: Today’s 30 Year Fixed Mortgage Rates (Par) 4.75, FHA, Jumbo Rates

Ed Ferrara | February 24, 2010 | 0 Comments

LOS ANGELES, CA — Feb. 24, 2010 ( http://www.freerateupdate.com ) – New home sales plunged in January to the lowest level on record. Not exactly the kind of data that supports an end to the Fed’s TALF program, in which they buy mortgage-backed securities to keep rates low and banks lending. Fed chief Ben Bernanke reiterated today low rates are still needed for quite some time. The testimony from Bernanke, which is sure to help homeowners’ with large adjustable Home Equity Lines of Credit sleep… Read more

Mortgage Rates Today: Today’s 30 Year Fixed Mortgage Rate With 1 Point Origination is at 4.875%

Ed Ferrara | February 22, 2010 | 0 Comments

LOS ANGELES, CA — Feb. 22, 2010 (http://www.freerateupdate.com/) – FreeRateUpdate.com research of wholesale lenders’ rate sheets shows the conforming 30 year fixed rate, with 1 point origination (at par), is at 4.875% today, up from 4.75% most of last week. The FHA 30 year fixed rate with 1 point origination (at par) is also at 4.875% today, up from last week. Other fees charged by FHA, including MI, a premium, make FHA loans far more expensive than conforming Fannie Mae and Freddie Mac… Read more

Today’s Mortgage Rates Associated with .07 to 1 Point Origination (at par) – FreeRateUpdate.com

Bruno Mckenzie | February 19, 2010 | 0 Comments

SHEEPSHEAD BAY BROOKLYN, NY — Feb. 19 (FreeRateUpdate.com) – FreeRateUpdate.com research of wholesale lenders’ rate sheets shows 30 year fixed mortgage rates associated with .07 to 1 point in origination (at par) rose to 4.875 percent, from 4.75 yesterday. This rate increase applies to conforming 30 year fixed (standard 30 year fixed) products as well as FHA 30 year fixed loans. The jumbo 30 year fixed rate, associated with .07 to 1 point origination (at par) remains 5.75. It should be… Read more