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Mortgage Rates
30 Yr FRM 4.78% -0.05%
15 Yr FRM 4.29% -0.03%
1 Yr ARM 4.35% 0.00%
5/1 Yr ARM 4.18% -0.07%
30 YR Tres 4.23% -0.02%
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 (26.5%)
  • Only a modest upturn in production (45.7%)
  • Nope. 2009 demand stole from 2010 demand (27.8%)
  • Mortgage Rates Bottom Out. Lock'em If You Got'em

    While benchmark interest rates continue to chop around in a contained range, mortgage-backed securities have moved sideways, failing to make much progress in either direction. Although we have experience a few moments of added volatility, tight trading ranges have kept and generally "topped out" MBS prices have kept mortgage rates stable all week, near six month lows. As previously stated, MBS prices are hitting a ceiling, unable to make enough progress to push mortgage rates any lower. Therefore, if you are still floating, it is time to take advantage of the aggressive rates lenders are currently offering. Eventhough there is room for benchmark Treasury yields to move lower heading into year end, we do not expect MBS prices to benefit from continued gains as the recent strong performance of mortgages has many investors thinking about profit taking....
  • Mortgage Rates Higher After GDP, Jobless Claims Data

    Mortgage rates fell a few basis points yesterday as benchmark Treasury yields moved lower in the range. The extended rally in the rates market helped MBS prices tick higher which eventually resulted in lenders repricing for the better. An above average turnout at the 5yr note auction combined with an unexpected drop in New Home Sales helped spark the move lower in yields . To remind readers, as prices of MBS move higher, lenders are able to pass along lower mortgage rates. ...