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.

Rates Might Be Lower This Week

Average 30-year 4.83%, mortgage activity lower

By SAM GARCIA Mortgage Daily

Dec. 19, 2010

Interest rates rose, new mortgage activity eased and at least one panel predicts a further increase in rates. But the latest available data suggests mortgages rates will be lower in this week's reports.

Rising from the previous week, the average 30-year fixed-rate mortgage was 4.83 percent in Freddie Mac's weekly survey of 125 thrifts, credit unions, commercial banks and mortgage lending companies for the week ended Thursday.

The 30-year was 4.94 percent during the same week last year.

Frank Nothaft, Freddie's chief economist, explained in the report that market concerns over stronger economic growth sparked fears of inflation and pushed bond yields higher.

An analysis by Mortgage Daily of Treasury activity indicates that lower rates should prevail in this week's reports, with the 30-year likely coming in between 4.70 percent and 4.75 percent.

There was no doubt among the panelists surveyed by for the week Dec. 16 to Dec. 22 about where mortgage rates are headed. Nearly three-quarters projected an increase during the next week, while 20 percent saw no changes ahead and 7 percent predicted a decline.

The rate on a jumbo mortgage, loans more than $417,000, improved relative to conforming loans based on the Mortech-Mortgage Daily Mortgage Market Index report for the week ended Wednesday.

Moving higher from a week earlier, the fixed-rate 15-year mortgage was 4.17 percent in Freddie's report.

The smallest weekly increase was credited to the one-year Treasury-indexed ARM, which Freddie reported at 3.35 percent. The one-year averaged 4.34 percent at this time during 2009.

The share of borrowers opting for an adjustable-rate mortgage inched down to 5.5 percent from the prior week's 5.6 percent in the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ended Dec. 10.

The Mortgage Market Index fell to 221 from the previous week's 260 but was higher than 197 a year earlier. The index reflects rate-shopping activity for consumers and was lower as a result of weakening refinances. The share of prospective borrowers who were seeking a refinance fell to 52 percent from 56 percent a week earlier.

The average U.S. mortgage amount in the Mortgage Market Index report was $204,437, falling from $209,625 seven days earlier.

The highest average was Washington, D.C.'s, $280,756, and South Dakota's $133,406 was the 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

free mortgage 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

sales blog

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news

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.