Currently viewing the tag: "current mortgage rates"

This week’s mortgage rates from Freddie Mac put the 30 Year Fixed at a national average of 4.76%, down from 4.88% the week prior.

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It’s been a great few days for buyers in terms of .

On the most common choice of loan for is the 30 year fixed.  Continue Reading

“What are current mortgage rates?”

It’s probably one of the most common questions asked by home buyers and home owners.

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Mortgage rates are moving quicker than the news can accurately report them. This week’s Freddie Mac mortgage rate survey is an excellent example.

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This is commonly referred to as the “the jobs report” and the data strongly influences stocks and bonds and therefore is highly influential with home affordability figures. Especially in today’s economic climate and we saw mortgage rates dip lower on Friday.

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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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For the first time in 6 weeks, the rate rally failed to continue.  In general, stocks gained, lost.  Slightly.

On the week, we closed down about 12 basis points, but it wasn’t without volatility.

The chart to the right is the [...]

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Mortgage Rates Aren't News

On February 23, 2010 By

Small changes in can mean big changes. Just a 0.25% means $45/month on a $300,000 home. Even bigger, it means over $16,000 of more or less total interest over the life of the loan.

The problem is that the “news” increasingly likes to cover [...]

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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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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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