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Freddie Mac says the 30-year fixed rate mortgage rate is 3.79% nationwide. Here are 3 reasons why few people actually get that rate.
Mortgage-backed bonds worsened last week. Mortgage rates figure to rise.
The 10-year treasury is fully-decoupled from the 30-year fixed rate mortgage. Interest rate spreads are nearing the widest point in 2 years.
In each of the last two Mays, mortgage rates have made new, all-time lows. This year, they may do the same.
Mortgage rates are back below 4 percent again. If you missed the lowest rates of all time earlier this year, you get a second chance.
Will Spain be this year's Greece? Home buyers and mortgage rate shoppers hope so.
Mortgage rates rose sharply, racing from historical lows to a 5-month high in just 10 days. What's driving the change and can it even last?
Looking for the lowest mortgage rates of your lifetime? Act now. The Federal Reserve has spoken. The bond market rally is over.
It's no surprise why mortgage discount points have doubled since 2007. Banks know you better than you know yourself.
Freddie Mac says mortgage rates fell to 3.94% this week. But, because closing costs increased at the same time, it would take a homeowner *3 years* to break-even on these new, "lower" rates. It's a sleight-of-hand trick pulled by the banks on the American people.
The newspaper is a bad place to research for mortgage rates -- conforming, FHA, USDA or otherwise. The rates are "not real" and based on lofty assumptions.
The government's revamped HARP program will create a surge in mortgage demand. Banks aren't equipped. Here's how you can beat the system and get lower rates.
Conforming mortgage rates went sub-4% this week? Well, that's not 100% true. Lender sleight-of-hand is making rates *appear* lower. But payments are way down.
Mortgage rates have "slowed down" lately, making it easier for home buyers and rate shoppers to compare rates between banks.
Freddie Mac reports the 30-year fixed at 4.09% this week. Freddie Mac is wrong. Mortgage rates are lower.
In 2011 -- for the same monthly payment -- you can borrow 77% more than you could in 1991. Buying a home is a relative bargain right now.
The 2011 Refi Boom's Second Wave has started. 5-Year ARMs are leading the charge. Assuming discount points are paid, ARMs are now below 3 percent.
Mortgage rates continue to change at a frenetic pace. If you're not locking your rate, you're losing your rate.
Since the financial crisis of 2008, the average weekly 30-year fixed rate mortgage and the 10-year Treasury note moved in the same direction by the same amount once. Once.
The FHA insures 25% of the mortgage purchase market these days, up from 5 percent in 2006. Is it because FHA mortgages are cheaper than conforming ones?
There is only one thing that controls where mortgage rates go next -- and it's not the 10-year treasury note.
Mortgage rates are changing at a blistering pace. If you're not locking your rate, you're losing your rate.
Since the start of June, mortgage rates are changing with alarming frequency. It's an all-time high for Mortgage Rate Velocity. You need to see these stats.
Mortgage rates have dropped for 8 straight weeks, signaling the start of a new Refi Boom. Don't watch this one pass. It won't last long. Exploit it while you can.
Paraphrasing Ferris Bueller, mortgage rates move fast. If you don't stop and look around once in a while, you might miss them. Mortgage rates changed every 4 hours, 12 minutes in May 2011.
In April 2011, lenders issued 1.70 rate sheets per day. This means that mortgage rates changed every 4 hours, 42 minutes on average. It's a slower rate of change from March, but still really, really fast.
Today's blog content is posted at Keith Gumbinger's HSH.com. HSH is a regular gig for me; an opportunity to write for a second, mortgage-hungry audience. This week's article is titled "Your mortgage rate is treated like auto insurance".
In March 2011, lenders issued 2.26 rate sheets per day. Mortgage rates changed each 3 hours, 32 minutes on average.
Mortgage Rate Velocity -- the speed at which mortgage rates change on a day-to-day basis -- is increasing. In February, mortgage rates changed every 3 hours, 16 minutes on average.
Since November, the long-term cost of homeownership is up 10.6%. And it will keep rising, too, as the economy expands. Lock in cheap financing while you still can. You'll save more money with your mortgage than you ever can on your home.
Leave your metaphors at home. Take a front-row seat on an actual 2010 Mortgage Rate Roller Coaster, mapped to scale 100%. Just be sure to strap yourself down.
Mortgage rates are changing almost to quick to time. Forget mortgage rate shopping. Start mortgage rate locking.
It's a Refi Boom. The biggest one we've seen in a while. Homeowners are *finally* pulling the trigger on new mortgages, lowering their monthly payments by staggering dollar figures.
When people visit national mortgage sites for "rates", what they're looking is for something akin to a MSRP for Mortgages; a way to keep their lender honest about rate quotes and such. Sadly, markets don't work that way. You can't visit a national website for a single mortgage rate any more than that you could watch a national forecast for a single weather report.
It's rare to hear a newscaster come right out and say "now is the time to refinance your home". It's even more rare when they get the message right. If you missed the last Refi Boom, here's what you need to know.
Mortgage rates are rising. 5 percent, 30-year fixeds will be here soon. It's apparent with just one look at a chart going back 16 months.
30-year fixed conforming mortgage rates have moved lower on the day and successfully pushed through to their lowest levels of all-time. Let's say it again : Of all time.
In April, mortgage pricing crossed the threshold every 4 hours, 6 minutes, on average. For rate shoppers, it means that the rate quote you got this morning -- from your loan officer, from your bank's website, or from wherever -- is 100% useless to you by the time this afternoon rolls around.
The Federal Open Market Committee starts a 2-day meeting today, one of 8 scheduled meetings for the year. Bernanke & Co. are expected to leave the Fed Fund Rates unchanged after the meeting, but that doesn't mean mortgage rates will be unchanged, too. Au contraire, mortgage rates will be all over the place.
Life is getting difficult for home buyers and rate shoppers. Since the start of April, mortgage lenders are averaging 2.25 rate sheets per day. Mortgage Rate Velocity -- the pace of rate sheet change -- is as high as it's been in a year.
