|
|
Mortgage Rate News
Mortgage Market Index
make rates your home page | advertise
ARM Index Table | Treasury Market Snapshot
|
Current Interest Rate News and Stories
| Last Updated |
Thursday, September 02, 2010 |
12:19 PM |
Texas Time |
|
Record Rates Rising
Interest rates again fell to new lows but failed to stimulate an improvement in new lending activity. Mortgage rates are likely to be higher in next week's reports.
As goes the weekly rhetoric lately, a new record was reported Thursday by Freddie Mac for the average 30-year fixed-rated mortgage.
In its latest survey of 125 mortgage bankers, the McLean, Va.-based secondary lender said the 30-year fell to 4.32 percent -- the lowest level recorded since it began tracking the 30-year in 1971 -- from 4.36 percent last week. The 30-year was 5.08 during the same week in 2009.
read full story |
The Total Cost of Housing
How much home can you afford? The mortgage loans will estimate your total monthly payment. Be sure to double check insurance and property tax costs too. These can change the bottom line dramatically.
www.NationalPayday.com
|
Activity Eases as Fixed Rates Fall
More downward movement in mortgage rates -- which were already at record lows -- wasn't enough to lift the Mortech-Mortgage Daily Mortgage Market Index higher.
|

|
ARM Indices Abate
Four indices for adjustable-rate mortgages -- including the cost of funds index -- fell last month, and one was lower this month.
Wholesale Conditions Better, But U/W Still Tough
A wholesale lending "renaissance" is on, according to one executive. And improving rates have forced at least one wholesale lender to increase minimum lock periods to 45 days. Meanwhile, wholesale lender underwriting overlays are a troubling trend for third-party originators.
More Improvement in Mortgage Market
Mortgage rates fell to fresh record lows, and mortgage activity continued higher this week.
4 Weeks of Rising Mortgage Activity
It was a small increase but an increase all the same. It was also the fourth consecutive week that the Mortech-MortgageDaily.com Mortgage Market Index was higher. Purchase activity was up and rates were down.
|

|
Mortgage Rates Poised for New Lows
Mortgage rates could fall to new lows as the Dow Jones Industrial Average briefly traded below the 10,000 mark.
Record Low Rates Have Further to Fall
Fixed mortgage rates -- which are already at the lowest levels on record -- are still falling, according to one market indicator. And while low interest rates have yet to attract more homebuyers to the market, an increase in traffic has been noted with existing borrowers who are seizing upon a rare refinance opportunity. Meanwhile, over the next year, a growing share of borrowers are projected to choose loans with variable rates.
15-Year Refi Wave
Tempted by fixed mortgage rates less than 4 percent, a growing share of borrowers are refinancing into 15-year loans.
|
|
|
Yield Spread Premiums
Yield spread premium issues, studies and lawsuits.
Mortgage wholesaler YSPs paid to mortgage brokers.
|
|
|
Refinance News
Stories about refinancing programs, pricing and production.
|
|
|