Currently viewing the category: "Today’s Mortgage Rates"

Current Mortgage Rates & Closing Costs

On September 8, 2010 By

The average contract interest rate for the 30 Year dropped from 4.50% to 4.43%. BUT, the points dropped from 1.34 to .96 (.38%, or almost $950 on a $250,000 loan). All rates and fees measured by the survey are for 80% loans and therefore avoid Loan Level Price Adjustments

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Mortgage Rates Unchanged Today

On February 9, 2010 By

The sit virtually unchanged today after having made up for losses at the opening bell.

Fed Chairman Bernanke was due to testify before the House today, but they’re taking a snow day today as a second storm barrels at them.  There wasn’t [...]

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Current Mortgage Loan Rates

On February 8, 2010 By

We’re going to open the week right on a tipping point on most loans. Depending on credit score, property type and all the normal details, the were trying to break past that 5% mark when the market opened today.

We [...]

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Chicago Refinancing Activity Surges Again

On February 3, 2010 By

How low have rates gone in this most recent rally?  Low enough that the Mortgage Bankers Association is reporting a 21% surge in mortgage applications last week.

Today’s ADP report beat expectations.  In this week’s mortgage rate predictions, we cited the ADP report and Friday’s non-farm payrolls report as the big drivers for the week.  [...]

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Mortgage Bonds Up Slightly Today

On February 2, 2010 By

Mortgage rates just took a nice turn towards the end of the day in what was otherwise very quiet.  If mortgage bonds can sustain their current levels, they’ll close just above key numbers at the 50- and 100-day moving averages.

We’re still right around 5% on that benchmark 30 Year Fixed. The 5/1 ARM [...]

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Today's Home Mortgage Rates

On February 1, 2010 By

Today’s interest rates are slightly higher than Friday’s. Inflation was contained, but even subtle increases can cause rates to jump. In the past few weeks, bonds have risen back to the top of their trading range.

That means that rates are more likely to go up than go down. Added to it, President Obama announced [...]

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GDP Soars, Mortgage Rates Intact

On January 29, 2010 By

At 7:30 this morning, came in at 5.7% versus 4.7%.  This is good economic news and pushed stocks up at the expense of bonds.  Today is a busy day, Microsoft beat earnings estimates, the Chcago was 61.5 [...]

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Mortgage Rates Steady – Jan. 28, 2010

On January 28, 2010 By

Mortgage rates survived the volatility of yesterday’s Fed statement without losing too much ground.

These FOMC meetings typically inspire volatility that is off the charts.  Instead, it’s been eerily flat for the past two days.  The market has a lot to digest, the FOMC statement, the State of the Union, and it is also corporate [...]

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Stocks, Bonds, and Mortgage Rates All Flat Today

On January 27, 2010 By

Stocks are currently down .18%.  Bond prices are up .03.  Mortgage rates are virtually unchanged.

If you are bored and want volatility, sit tight:  The Fed policy statement is out within a few hours and we’ll see a whole day’s worth of trading in about 10 minutes. If the Fed is rosy on the economy, [...]

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Interest Rates Slightly Better

On January 26, 2010 By

Mortgage rates started the day slightly better today, although the stock market has reversed from earlier lows.  There might be some give and take this morning in advance of the auctions later today.  For now, rates are steady and slightly better than yesterday.

Today’s Mortgage Loan Rates

 

No Origination Fees or Origination Points On [...]

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