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Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.30% 0.01%
Fed Prime 3.25% 0.00%

Recent Polls

Do you expect the home buyer tax credit extension to contribute to a noticeable pick up in loan production?

Created By: Adam Quinones
  • Yes, I anticipate an increase in activity (26.6%)
  • Only a modest upturn in production (44.5%)
  • Nope. 2009 demand stole from 2010 demand (28.9%)

Recent Video

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  • Mortgage Rates Hold Near Six Month Lows. Still Locking Loans

    Reports from fellow mortgage professionals indicates that rates are unchanged from yesterday. This keeps the par 30 year conventional rate mortgage in the 4.625% to 4.875% range for well qualified consumers. To secure a par interest rate you must have a FICO credit score of 740 or higher, a loan to value at 80% and pay all closing costs including an estimated one point loan origination/discount/broker fee. If you are seeking to access equity in your home, you should expect either higher closing costs or a higher interest rate. Is everybody that is closing in the next 30 days locked yet? ...

  • Mortgage Rates Marginally Lower. Would You Lock or Float?

    Benchmark Treasury prices and mortgage-backed security prices rallied yesterday. AQ described the inner dynamics of the trade strategy that led to rate improvements READ MORE. In terms of the headline news catalyst for the rally in bond markets, some fixed income friendly verbiage from Federal Reserve Chairman Ben Bernanke gave us a boost late yesterday morning. Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage is holding in the 4.625% to 4.875% range for well qualified consumers. To secure a par interest rate you must have a FICO credit score of 740 or higher, a loan to value at 80% or less and pay all closing costs including an estimated one point loan origination/discount/broker fee. ...

  • Mortgage Rates Fighting Off Rallying Stocks

    The theme in the secondary mortgage market this week has been volatility. Prices of mortgage backed securities have moved around a wide range as traders attempt to balance their uncertain long term economic outlooks with optimistic short term sentiment in stocks. This ongoing struggle has mostly insulated mortgage rates from movements in related markets, but not totally. Today, mortgage backed securities opened lower in price and most lenders moved mortgage rates higher. ...

  • Mortgage Rates Higher Heading Into Busy Week

    The bond market is closed in observance of Columbus Day. While mortgage-backed securities are not being traded today, several lenders have published rate sheets and many originators are still working...so dont be afraid to contact your loan officer! ...

  • Mortgage Rates Tick Higher as Stocks Make New Highs

    The bond market held up remarkably well yesterday considering stocks set new 2009 highs following more "better than expected" economic data and hopeful words from Fed Chairman Ben Bernanke. After reaching 3.49% yesterday the benchmark 10 yr Treasury note managed to rally of the lows, closing just three basis points higher on the day at 3.44%. In the secondary mortgage market, prices of mortgage-backed securities fought an uphill battle all day but managed to close mostly unchanged on the day after opening deep in the red. Although a few lenders repriced for the better following price improvements, most rate sheets were unchanged on the day. ...

  • Mortgage Rates Tick Higher After Stint at Summer Lows

    After holding levels not seen since early this summer for over a week, mortgage rates are under some pressure to move higher. Yesterday, mortgage backed securities were lower in price which forced lenders to offer higher mortgage rates. The downward move continued all the way into close which led to some lenders repricing for the worse. MBS, after having been range bound near summer price highs, moved toward the bottom of that range yesterday and has actually fallen to lower levels following this morning's data....

  • What Might Move Mortgage Rates This Week?

    Mortgage rates continue to hold below 5% despite some better than expected economic data last week. As a general rule, better than expected economic data usually leads to higher mortgage rates while worse than expected data improves rates (that has not been the case recently though). At the close on Friday, the prices of mortgage backed securities were near the highest levels seen since early this summer. As the price of MBS moves higher, lenders have the opportunity to offer lower mortgage rates to consumers. ...

  • Mortgage Rates Move Lower as Market Mulls Health of Consumer

    Following weaker than expected data on retail sales and higher unemployment claims, consumer borrowing costs declined yesterday. Led by a post auction Treasury rally, price of mortgage backed securities moved higher yesterday, giving lenders the opportunity to drop mortgage rates a few basis points. So far today this trend is continuing....
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