twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

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

Consumer Mortgage News
Free mortgage news for prospective borrowers.

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

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

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.


Rates Rise, Refis Strengthen

Average 30-year fixed-rate 5.14%

Aug. 27, 2009

By SAM GARCIA


Rates generally rose during the past week, but so did new loan applications. The increase was driven by a jump in refinance applications.

The average 30-year fixed-rate mortgage was 5.14% in Freddie Mac's Primary Mortgage Market Survey for the week ended Aug. 27, rising 0.02% from last week but 1.26% below a year ago. Freddie's regulator, the Federal Housing Finance Agency, reported that the average conforming 30-year was 5.31% in July, rising 0.19% from June. FHFA's figures reflected loan closings from July 37 through July 31.

The 10-year Treasury yield was 3.440% this morning, lower than 3.465% reported during trading a week ago and suggesting mortgage rates might ease.

Also up 2 basis points from the prior week to 4.58% was the average 15-year fixed-rate mortgage, Freddie said. FHFA reported that the 15-year average rose 9 BPS from June to 4.89%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage jumped 10 BPS in Freddie's latest survey from a week earlier to 4.67%.

The one-year Treasury indexed ARM diverted from the pack -- unchanged from seven days earlier at 4.69%. Up 2 BPS from Wednesday of last week, the one-year Treasury bill yielded 0.45% yesterday, according to U.S. Department of the Treasury data.

A widely used index on subprime mortgages, the six-month London Interbank Offered Rate, was 0.79% yesterday, according to Bankrate.com, lower than 0.83% in the prior week's report.

Borrowers chose ARMs in 6.5% of loan applications tracked in the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ended Aug. 21, the same as the previous week.

MBA said refinance applications rose 13 percent, pushing the refinance share to 57% from 53% a week previous. The stronger refinance activity also pushed MBA's Market Composite Index up 8% on a seasonally adjusted basis.

Purchase activity was up 1% from MBA's previous survey.


Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of MortgageDaily.com in 2000.

e-mail:
[email protected]


Refinance News | Refinance Share Statistics
News about refinancing programs, pricing and production. Stories about the H o m e
Affordable Refinance Program, H A R P 2.0 and other Making Home Affordable coverage.



SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g 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

MBS

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

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders