Mortgage Rates

Mortgage Rates Home Buyers: Window of Opportunity Still Open The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed would announce that they would be […]
Mortgage Rates Mortgage Rates after the Bernanke Announcement Last week, Bernard Bernanke startled many by announcing that the Fed will not wind down their bond buying program right now. The program is part of an overall stimulus package geared at bringing back the national economy. The Fed’s purchase of these bonds over the last few years has driven mortgage rates to historic lows. The assumption that […]
Mortgage Rates 30-year mortgage rate steady at 4.57% WASHINGTON (AP) — Average U.S. rates on fixed mortgages held steady this week, hovering near two-year highs. But rates could change quickly next week when the Federal Reserve addresses its bond purchase program. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan was unchanged from last week at 4.57%, just […]
Mortgage Rates Mortgage Rates This Week's Mortgage Rates Forecast Risks Favor: FLOATING Now that we are seeing a new trend in MBS performance, and technical signs point to short term interest rate stability, we can advise to float and see if we may experience some improvement.  Be careful though, there is a lot of economic data being released this […]
Mortgage Rates This Week’s Mortgage Rates Forecast Risks Favor: LOCKING With the rocketing performance in the MBS (Mortgage Backed Securities) market, and the resulting improvement to rates, how can we possibly suggest to lock?  Simple, it's because of those exact reasons.  We have seen a sudden improvement in rates driven by economic data that was a surprise, as well as global news […]
Mortgage Rates Don’t Obsess About Mortgage Rates Don't Obsess About Mortgage Rates By Kirk Haverkamp When most people start shopping for a mortgage, the first thing they do is look for the lowest interest rate they can find. And that can get them into trouble. A low interest rate can save you money, obviously. But it's only part of the story. If […]
Mortgage Rates Mortgage rates hit nearly 7-month high Mortgage rates are still low, but a recent rise might make potential buyers consider locking in as soon as possible. Bankrate (RATE) announced Thursday that 30-year fixed mortgage rates across the country have risen to 3.67%. According to Freddie Mac, that's the highest the rate has been since hitting 3.71% on June 14 of last […]
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