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Mortgage Rates Are at Historic Lows and Snoozers Will Be Losers
If you follow the news at all, you’ve probably heard or read plenty about how mortgage rates are at historic lows. Just how good are mortgage rates right now? A picture is worth plenty of words, so...
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What’s Ahead For Mortgage Rates: Week Of June 4, 2012
Mortgage markets improved last week in response to ongoing concerns for the European Union and an across-the-board weakening in U.S. economic data - including the much-watched jobs report, which came...
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What’s Ahead For Mortgage Rates This Week: June 11, 2012
Mortgage rates worsened slightly late last week, but still ended up better than the week before. The average Freddie Mac 30-year fixed rate was 3.67% with 0.7 points (1 point is equal to 1% of the loan...
View ArticleWhat’s Ahead For Mortgage Rates This Week: June 25, 2012
Mortgage rates fell yet again last week as Greece tentatively formed a government and the Federal Reserve committed to extend “Operation Twist” and target long-term interest rates. Both events were...
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What’s Ahead For Mortgage Rates This Week: July 2, 2012
Mortgage markets improved only slightly overall last week despite a large 2-day rally that lasted through Wednesday and Thursday. Average 30-year fixed mortgage rates ended the week unchanged at 3.66%...
View ArticleIs the Bond Selloff Losing Steam? Will We See a Reversal in Mortgage Rates?
Mortgage rates have undergone an ugly spike over the last few weeks, but this doesn’t mean low rates are gone forever. The bond selloff that’s been driving the increase in mortgage rates may be running...
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Mortgage Rates Improved Significantly This Week
Mortgage rates spiked pretty aggressively over the past few weeks, but this week we’ve seen some significant improvement due to the ongoing financial mess over in Europe and uncertainty over the...
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Ten-Year Treasury Yield And Mortgage Rates Increase Aggressively
Mortgage rates have spiked aggressively over the past week and half, underlining the importance of not procrastinating if you’ve been given a good mortgage quote. Those that don’t act right away often...
View ArticleMortgage Rates Hit 1-Year High
The often unbelievable volatility in today’s mortgage rate environment underscores the old adage about striking while the iron is hot. If you have a good mortgage offer, you need to get on it quickly...
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Just How Much Have Rates Increased the Last Few Months?
Mortgage rates have risen over the past month in one of the ugliest rate spikes I’ve seen in the nearly 7 years I’ve been in the mortgage industry. Historically speaking, rates are still fantastic, but...
View ArticleAverage 30-Year Fixed Rate Hits 4.46%
The nasty rate spike in the mortgage markets continued last week. According to the Freddie Mac mortgage market survey, the average 30-year fixed rate hit 4.46% – up from 3.93% just the prior week. This...
View ArticleMortgages Are About to Get a Lot More Expensive
It’s looks like mortgages are about to get a lot more expensive – a lot more – in the near future. Between the Federal Reserve reducing its bond buying program and changes at Fannie Mae and Freddie...
View ArticleBeware These Common Advertising Gimmicks Mortgage Lenders Use to Get You to Call
If you’ve ever seen or heard mortgage advertisements on TV, the internet, or the radio, you’ve probably heard some pretty exceptional interest rates advertised. By law, all advertised rate quotes have...
View ArticleHow to Shop for Mortgage Rates And Get a Killer Deal
Shopping around for the best mortgage rate isn’t rocket science, but it’s still important to do it right if you want the best possible deal.The following tips and insights about how to shop for...
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What Everybody Ought to Know About the So Called “No Closing Cost” Mortgage
A loan officer friend of mine once had a fairly wealthy client who told him with great pride that she had never paid any closing costs on any mortgage in her entire life. Her whole manner suggested she...
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Does the Government Want Higher Mortgage Interest Rates?
Does the government want higher mortgage interest rates? It sure seems like it, at least according to a report released last summer by the Federal Housing Finance Agency (FHFA), which oversees...
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