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19 September 2011
Mortgage Rates off Recent Lows
The borrowing costs required for average mortgage rates rose today, in some cases high enough to nudge the actual interest rate an eighth of a point higher. This is the first time in over a week that we've seen recent rates threatened. Good economic Read More...
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27 June 2011
Mortgage Loans rates move lower after weak job report
Freddie Mac recently released the results of its Mortgage Market Survey, which showed weaker than expected job growth in May 2011 pushing both fixed and adjustable-rate mortgages to new lows for the year. The 30-year fixed averaged 4.49% and the 15-year Read More...
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19 February 2010
Feds move "Discount Rate"
Jumbo rates have dropped another .25%! So a 30 year fixed loan up to $2,000,000 could be as low 5.375% @ 1 point or 5.625% @ 0 points. Haven't seen rates like this in a long, long time. The last time the FED moved on rates was back in December 2008. Read More...
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13 November 2009
Rates Will Inch Up in 6 months...Watch!
The latest monthly outlook suggests no change in short rates for the next six months and only a slight increase in yield for the benchmark 10-year Treasury rate. For the time being the risks remain on the upside, however, for long rates as volatility Read More...
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