-
I think it's safe to say that, consistently for the last 30 to 45 days, at least one lender (regional, major, or independent) has offered below market "record low" mortgage rates. Investor demand is consistently healthy for agency MBS, such that their prices are hitting new record highs...
-
After spending the previous week in their own little perfect world, mortgage rates hit the reset button yesterday. Borrowers who were floating their note rate saw closing costs rise by about 0.125% (of the loan amount). This modest increase in cost was however not large enough to push the best par mortgage...
-
Mortgage rates looked like they were doomed to rise from record breaking territory as the week was getting started . Pressure was mounting because stocks were on a four-day winning streak, the "flight to safety" in benchmark Treasuries was fading, and mortgage-backed securities prices were...
-
Call me crazy but I think we've been witnessing a lender price war in the primary mortgage market. Yesterday we talked about lenders "buying the market". ( HERE is an explanation of "buying the market"). I originally described this behavior as "mixed", some lenders were...
-
Mortgage rates generally held steady amidst a shifting investing environment yesterday. I say "generally" because some lenders improved mortgage rates while others moved consumer borrowing costs higher. It may seem odd that two lenders would push mortgage rates in different directions on the...
-
Hi Everyone! Vic is on vacation so I'll be covering his posts while he is away. The economic calendar was light last week and markets were generally slow as many investors used the holiday shortened work schedule as an excuse to get much needed R&R. While benchmark interest rates were pressured...
-
Consumer borrowing costs moved higher yesterday morning but were able to recover from weakness later in the day after stocks experienced a late session sell-off that pushed investor funds back into the bond market. A decline in bond yields led mortgage-backed securities prices higher and allowed lenders...
-
2010 has been the year of "near record low" mortgage rates. Regular readers are probably used to hearing us say: "We're bouncing along just above record lows" "Lenders won't go any lower" "The rewards of floating don't outweigh the risks of floating"...
-
Average Mortgage Rates 30 Yr FRM 4.76% -0.03% 15 Yr FRM 4.09% -0.03% FHA 30 Year 4.80% -0.03% Jumbo 30 Year 6.38% -0.02% 5/1 Yr ARM 3.74% -0.02% View Current Mortgage Rates | Compare Rates Updated: 6/7/10 5:39 PM Latest Commentary Mortgage Rates Ride Stocks To New 2010 Lows - Mortgage Rate Watch It was...
-
Average Mortgage Rates 30 Yr FRM 4.79% -0.06% 15 Yr FRM 4.12% -0.02% FHA 30 Year 4.83% -0.05% Jumbo 30 Year 6.40% -0.03% 5/1 Yr ARM 3.76% -0.04% View Current Mortgage Rates | Compare Rates Updated: 6/4/10 8:35 PM Latest Commentary MBS End Week Near Record High Prices. Euro Back In Focus After NFP - MBS...
-
Average Mortgage Rates 30 Yr FRM 4.85% 0.02% 15 Yr FRM 4.14% 0.02% FHA 30 Year 4.88% 0.03% Jumbo 30 Year 6.43% 0.02% 5/1 Yr ARM 3.80% -0.02% View Current Mortgage Rates | Compare Rates Updated: 6/3/10 6:48 PM Latest Commentary Pre-Employment Report Mortgage Rate Outlook - MBS Commentary I know many of...
-
Average Mortgage Rates 30 Yr FRM 4.83% -0.01% 15 Yr FRM 4.12% 0.00% FHA 30 Year 4.85% -0.01% Jumbo 30 Year 6.41% 0.00% 5/1 Yr ARM 3.82% 0.01% View Current Mortgage Rates | Compare Rates Updated: 6/2/10 5:46 PM Latest Commentary Mortgage Rates Steady As Markets Await Jobs Data - Mortgage Rate Watch Like...
-
Average Mortgage Rates 30 Yr FRM 4.84% -0.02% 15 Yr FRM 4.12% -0.03% FHA 30 Year 4.86% -0.03% Jumbo 30 Year 6.41% -0.01% 5/1 Yr ARM 3.81% -0.02% View Current Mortgage Rates | Compare Rates Updated: 6/1/10 5:03 PM Latest Commentary Mortgage Rates Improve After Lenders Pass Along Last Week's Gains...
-
Average Mortgage Rates 30 Yr FRM 4.86% 0.03% 15 Yr FRM 4.15% 0.01% FHA 30 Year 4.89% 0.03% Jumbo 30 Year 6.42% 0.03% 5/1 Yr ARM 3.83% 0.03% View Current Mortgage Rates | Compare Rates Updated: 5/27/10 6:43 PM Latest Commentary Window Dressing Begins. Bonds End Bad Day At Worst Levels - MBS Commentary...
-
Average Mortgage Rates 30 Yr FRM 4.83% 0.03% 15 Yr FRM 4.14% 0.02% FHA 30 Year 4.86% 0.02% Jumbo 30 Year 6.39% 0.03% 5/1 Yr ARM 3.80% 0.01% View Current Mortgage Rates | Compare Rates Updated: 5/26/10 4:00 PM Latest Commentary Mortgage Rates Inch Upward In Volatile Environment - Mortgage Rate Watch The...