News by Subject
Complete list of specialty news sections.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Mortgage Industry News
Subscription-based news for people who work in real estate finance.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories for your web site or for your RSS reader.

News Archives
Archive of news entries.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Graphs
Directory of lenders, branch operators and mortgage service providers.
home advertise email RSS about us
HOT Topics Rates Glossary LO License Search
Consumer Mortgage News
Free mortgage news for current and prospective borrowers from a leading online mortgage industry news publication.

Refis Retreat, No Change for Rates Ahead

Average 30-year fixed-rate mortgage 4.23%

By SAM GARCIA Mortgage Daily

Oct. 28, 2010

Fixed-rate mortgages rose this week but are likely to be unchanged in next week's reports. Consumers seeking refinances drove a small decline in prospective borrower activity.

Increasing slightly from last week, the average 30-year fixed-rate mortgage was 4.23 percent in Freddie Mac's Primary Mortgage Market Survey for the week ended Thursday. The 30-year was 5.03 percent during the same week last year.

Mortgage rates won't change much in next week's reports based on the 10-year Treasury yield, which closed at 2.63 percent Friday based on data reported by the U.S. Department of the Treasury. The 10-year yielded 2.59 percent a week earlier.

A majority of the panelists surveyed by for the week Oct. 28 to Nov. 3, however, predicted mortgage rates will increase during the next week. No change was expected by nearly a third of the panelists.

In its Mortgage Finance Forecast, the Mortgage Bankers Association has the 30-year averaging 4.4 percent in the fourth quarter and 4.7 percent in the first three months of next year.

Like the 30-year, the average 15-year fixed-rate mortgage edged up in Freddie's latest survey to 3.66 percent.

But there was no change for the one-year Treasury-indexed adjustable-rate mortgage, which averaged 3.30 percent in Freddie's survey.

The share of prospective borrowers who applied for an ARM in MBA's Mortgage Applications Survey for the week ended Oct. 22 fell to 5.3 percent from 5.8 percent seven days earlier. In its forecast, the trade group predicted ARM share will be unchanged between the fourth quarter and the first-quarter 2011 at 6 percent.

Mortgage activity dropped 8 percent based on the Mortech-Mortgage Daily Mortgage Market Index for the week ended Oct. 27. Refinances drove the decline, with refinance share cut to 60 percent from the previous week's 62 percent.

MBA's outlook has ARM share falling from nearly three quarters in the third quarter to just over half in the first period of next year.

The average U.S. loan amount shrank to $212,726 from $216,844, based on the Mortgage Market Index report. The biggest average loan was in Washington, D.C.: $277,967. South Dakota's $146,871 was lowest.

next story

back to home page

Copyright © 2016 Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources ( full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

refinance news

reverse mortgage news

secondary marketing

servicing news

subprime news

wholesale lenders

Refinance News
News about refinance programs, pricing and production.
H A R P 2.0 News
News stories about the H o m e Affordable Refinance Program including expanded program guidelines.