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
Continue Reading →According to the Freddie Mac weekly mortgage rate survey, the spread between the 5-Year ARM and the 30-Year Fixed is widening.
Continue Reading →Mortgage Rates – August 3, 2009
Loan interest rates fought hard last week to actually improve in spite of a $200+ Billion set of auctions in the fixed-income security market. We closed last week with improved rates.
Today we’re back under heavy [...]
Continue Reading →Mortgage rates are on a roll today after yesterday’s moderate sell-off. Rates this morning:
30 Year Fixed Rate% Points in $ Standard Fees Total Fees APR 4.750% $ 4,236.00 $ 1,495.00 $ 5,731.00 4.93% 4.875% $ 1,917.00 $ 1,495.00 $ 3,412.00 4.99% 5.000% $ 663.00 $ [...]
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