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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 [...]
Continue Reading →Stocks are recovering slightly this morning after a miserable week last week and it’s caused rates to drift only slightly higher. On this week’s mortgage rate predictions, we are focused on one thing: Wednesday’s Federal Open Market Committee press release.
There are big reports on housing, consumer confidence and GDP hits Friday, but in [...]
Continue Reading →Mortgage bonds opened the day slightly lower negating yesterday’s rally. Mortgage rates 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 seen any reprices, or revised rate sheets, from the [...]
Continue Reading →Mortgage bonds are trading better today, paving the road for slightly better mortgage rates.
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.
Current Mortgage Rates No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. [...]
Continue Reading →Interest rates continue to push lower today.
This week’s mortgage rate predictions were focused on two major reports at the end of the week. Yesterday’s Retail Sales report disappointed traders and today’s inflation data shows that, for now, inflation is not a major concern. The market has been fumbling for direction and appears to be [...]
Continue Reading →We open 2010 with mortgage rates hovering just over 5%. We covered mortgage rate predictions for this week.
On a broader sense, we’re in the last 90 days of the Fed’s mortgage bond purchase program. As they unwind this program, we’re seeing the last days of a massive $1.25T stimulus package.
Current Mortgage Rates [...]
Continue Reading →Last week was messy and saw rates jump anywhere from .25-.50%. Economic data is light until Friday’s Retail Sales report. Rates may move up or down this week, but the odds favor at least being prepared to lock. Rates could possibly gain back .25%, but could lose .50% again this week if Retail Sales comes [...]
Continue Reading →In a rare day for 2008-2009, mortgage rates are relatively flat on the day and improved over yesterday’s rates.
30 Year Fixed Rate Points APR 4.875% 0.96% 5.019% 5.000% 0.54% 5.109% 5.125% 0.00% 5.188% 20 Year Fixed Rate Points APR 4.750% 1.15% 4.908% 4.875% 0.03% 4.938% 5.000% 0.00% 5.027% 15 Year Fixed Rate [...]
Continue Reading →Chicago Mortgage Loan Rates Holding Steady
We’ve seen good news in home values (Case-Shilller up 1.4% in June) and consumer confidence (54% versus expectations of 48%) already this morning. Bonds dipped for a while, but mortgage rates have held steady and roughly unchanged on the day.
The Treasury’s $42 billion auction [...]
Continue Reading →The housing market continues to beat expectations. Last week, the Existing Home Sales report beat expectations.
An “existing home” is a home sold by an existing owner as opposed to a developer. It’s non-new construction property.
The data from the Existing Home Sales report was noteworthy for [...]
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