Currently viewing the tag: "30- Year Fixed"

Comparing a Chicago Mortgage to an Atlanta Mortgage

On February 10, 2011 By

Just a fun comparison for this week’s PMMS results. We’ll call them Chicago mortgage and Atlanta mortgage to make this easy.

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30 Year Fixed v. 5/1 ARM

On February 7, 2011 By

The gap between the 30 Year Fixed and the continues to widen.  In the most recent survey, it shows that we’re now a full 1.12% apart on the starting rates.  The fees are [...]

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30 Year Fixed v. 5/1 ARM – Historically Large Spread

On January 13, 2011 By

 

The most recent survey put the 30 Year at 4.77% and the  at 3.75%. 

Historically, the gap or spread between these two loans has been roughly 0.5%.  Now, at 1.02%, we’re seeing [...]

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Today's Mortgage Rates v. April 2010

On November 5, 2010 By

This year has seen retrace historical lows a few times.  Since this rate rally began in November, are off almost a full 1%.

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Fixed v ARM Mortgage Rates

On April 16, 2010 By

The hasn’t been very popular over the past few years.  In looking at the most recent survey of 125 banks, you can see why the comparison is coming [...]

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5/1 ARM gains versus 30 Year Fixed

On April 16, 2010 By

The 5/1 ARM is pulling away from the 30 Year Fixed. This is a big change in loan options versus a year ago. The 30 Year Fixed v. 5/1 ARM comparison this time last year was $0 difference.

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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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Chicago Refinancing Activity On The Rise

On January 22, 2010 By

We’ve been seeing it here and the recent Mortgage Bankers Association (MBA) survey shows that refinance activity is spiking on these lower .  For the week ending last Friday, January 15, the refinance index was up 10%.   Rates have improved this week so we [...]

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Current Interest Rates

On January 21, 2010 By

Mortgage bonds opened the day slightly lower negating yesterday’s rally.  opened right at yesterday’s levels.

Since then, stocks have started out on another bad day and the mortgage bond market has rallied about 25-30 basis points since pricing came out.  We have not yet [...]

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Mortgage Rates – 1/20/2010

On January 20, 2010 By

Mortgage bonds are trading better today, paving the road for slightly better .

Stocks are having an awful day and we’re seeing money move into the bond market.  Stay tuned as this could change at any point.

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