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Daily Update: Mortgage Rates Higher Following Employment Report

Fri, 02/03/2012 - 14:58 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.89	3.82	0.07%
15 Yr FRM	3.28	3.23	0.05%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.11	4.06	0.05%
5/1 Yr ARM	3.00	3.01	-0.01%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 2/3/12 3:01 PM

Feb 3, 2012 3:01PM

Mortgage Rates Higher Following Employment Report

The monthly Employment Situation Report was released at 8:30am this morning, with much better-than-expected results. Stocks rallied sharply and most every interest rate in fixed-income markets moved higher. The economic optimism created by this sort of data tends to increase demand for riskier investments like stocks and lower demand for things like fixed-income notes and bonds. MBS (the "mortgage backed securities" that most directly govern mortgage rates) fall into this fixed-income sector, and...

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&copy 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

This information is not an advertisement to extend consumer credit
as defined by Section 226.2 of Regulation Z. This is not an offer to
enter into an agreement regarding interest rates. The rates quoted do
not include discount points, origination points, or loan level risk
based price adjustments. Rates and terms are subject to change without
notice.

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Daily Update: Mortgage Rates Maintain Record Lows Ahead of Friday's Jobs Report

Thu, 02/02/2012 - 15:24 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.82	3.83	-0.01%
15 Yr FRM	3.23	3.24	-0.01%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.06	4.08	-0.02%
5/1 Yr ARM	3.01	3.02	-0.01%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 2/2/12 2:59 PM

Feb 2, 2012 2:59PM

Mortgage Rates Maintain Record Lows Ahead of Friday's Jobs Report

For the second day in a row, Mortgages Rates are just slightly better than unchanged. Best-Execution remains at 3.875% for conventional 30yr fixed loans, and the slight improvements seen today have benefited the borrowing costs required to obtain those rates. (learn more about how we calculate Best-Execution in THIS POST ). Also in the same vein as yesterday, the stratification between lender offerings continues to lessen, and the improvement in our measurement of rates today reflects that consolidation...

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&copy 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Update: Mortgage Rates Remarkably Steady At Historic Lows

Wed, 02/01/2012 - 14:29 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.83	3.84	-0.01%
15 Yr FRM	3.24	3.24	0.00%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.08	4.07	0.01%
5/1 Yr ARM	3.02	3.02	0.00%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 2/1/12 1:49 PM

Feb 1, 2012 1:50PM

Mortgage Rates Remarkably Steady At Historic Lows

Mortgages Rates are just slightly better than unchanged on the day. Best-Execution remains at 3.875% for conventional 30yr fixed loans, and the slight improvements seen today have benefited the borrowing costs required to obtain those rates. (learn more about how we calculate Best-Execution in THIS POST ). Some of the stratification between lender offerings seems to be lessening now that underlying markets have demonstrated the ability to hold recent levels. Particularly, MBS (the "mortgage-backed...

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&copy 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Update: Mortgage Rates Slightly Higher Despite Bond Market Improvements

Tue, 01/31/2012 - 15:59 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.84	3.81	0.03%
15 Yr FRM	3.24	3.23	0.01%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.07	4.04	0.03%
5/1 Yr ARM	3.02	3.04	-0.02%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/31/12 2:32 PM

Jan 31, 2012 2:33PM

Mortgage Rates Slightly Higher Despite Bond Market Improvements

After setting new record lows yesterday, Mortgages Rates rose slightly today, though 3.875% best-execution remains intact. Rather than affect the prevailing rates being quoted, today's weakness is most likely to be seen in the form of slightly higher borrowing/closing costs for the same rates quoted yesterday (learn more about how we calculate Best-Execution in THIS POST ). The increases run counter to today's market movements as well. Treasury yields are lower again today, and MBS (the "mortgage...

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&copy 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Update: Mortgage Rates Hit New All-Time Lows!

Mon, 01/30/2012 - 15:10 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.81	3.83	-0.02%
15 Yr FRM	3.23	3.25	-0.02%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.04	4.06	-0.02%
5/1 Yr ARM	3.04	3.06	-0.02%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/30/12 2:14 PM

Jan 30, 2012 2:15PM

Mortgage Rates Hit New All-Time Lows!

It's happened before and it happened again today: Mortgages Rates hit new all time lows today. Please note, that the actual interest rate you would have been quoted last week and this week may not have changed, but based on raw data from more than 20 leading lenders as well as feedback from the MBS Live community, the average Best-Execution rate, before rounding to the nearest eighth, hit its lowest level on record, 3.81%. Although 3.81% is closer to 3.75% than 3.875%, we won't declare 3.75% to be...

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&copy 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Update: Mortgage Rates Continue To Solidify Bounce Back To Lows

Thu, 01/26/2012 - 15:15 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.86	3.88	-0.02%
15 Yr FRM	3.29	3.31	-0.02%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.09	4.12	-0.03%
5/1 Yr ARM	3.05	3.01	0.04%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/26/12 3:16 PM

Jan 26, 2012 3:17PM

Mortgage Rates Continue To Solidify Bounce Back To Lows

Mortgages Rates over the past two days have done much to make ground lost leading up to Yesterday's FOMC Announcement. After further improvements today, rates further solidified their reentry into 3.875% 30yr Fixed Best Execution levels. (for detail on what that means, READ THIS POST from a few days ago). The rounded average of various lenders' Best-Ex rates had moved up to 4.0%, and more than a few lenders are still well-priced there, but a majority are once again offering 3.875% with attractive...

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&copy 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Update: Mortgage Rates Return To Historic Lows Following FOMC Announcement

Wed, 01/25/2012 - 15:43 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.88	3.97	-0.09%
15 Yr FRM	3.31	3.37	-0.06%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.12	4.22	-0.10%
5/1 Yr ARM	3.01	3.01	0.00%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/25/12 4:02 PM

Jan 25, 2012 4:02PM

Mortgage Rates Return To Historic Lows Following FOMC Announcement

Mortgages Rates spent 2 days at 4.0% in terms of rounded average "Best-Execution" rates (for detail on what that means, READ THIS POST from a few days ago). Today, that rounded average has returned to 3.875%. Although the underlying average isn't as low as it's ever been (3.88 vs 3.82), lenders tend to price loans in 1/8th (.125%) increments, meaning that 3.875% has been the lowest sustainable best-execution rate. In short, we're back to the promised land. The improvements came on the heels of today...

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Daily Update: Mortgage Rates Sideways Ahead of Wednesdays Important Events

Tue, 01/24/2012 - 15:27 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.97	3.98	-0.01%
15 Yr FRM	3.37	3.39	-0.02%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.22	4.25	-0.03%
5/1 Yr ARM	3.01	3.01	0.00%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/24/12 2:33 PM

Jan 24, 2012 2:34PM

Mortgage Rates Sideways Ahead of Wednesdays Important Events

Mortgages Rates are steady to slightly improved today after rising for the first time in a month yesterday. Although rates change slightly every day, those changes are usually small enough as to only effect the closing costs associated with a particular rate. Because of this, we track "Best-Execution" as the actual interest rate benchmark, and we talked about it in significant detail yesterday ( READ MORE ). So although we are able to report that the rate environment is slightly improved today, those...

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Daily Update: Best-Execution Mortgage Rates Rise After Extended Period of Stability

Mon, 01/23/2012 - 15:13 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.98	3.92	0.06%
15 Yr FRM	3.39	3.37	0.02%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.25	4.16	0.09%
5/1 Yr ARM	3.01	3.02	-0.01%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/23/12 3:06 PM

Jan 23, 2012 3:12PM

Best-Execution Mortgage Rates Rise After Extended Period of Stability

For the first time in over a month, the Best-Execution rate for 30yr fixed mortgages rose from a rounded average of 3.875% to 4.00% today. The underlying borrowing costs associated with 3.875% didn't rise by a significantly painful amount, but the small increases across the board, combined with one huge move by a huge lender, was enough to bring the average rate closer to 4.0% than 3.875%. You may well wonder what the heck this all means. So we'll go into more detail tonight for enquiring minds....

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Daily Update: Mortgages Rates Higher Again, Less Consistent Between Lenders

Fri, 01/20/2012 - 13:51 — admin

Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.92	3.89	0.03%
15 Yr FRM	3.37	3.34	0.03%
FHA 30 Year	3.75	3.75	0.00%
Jumbo 30 Year	4.16	4.14	0.02%
5/1 Yr ARM	3.02	3.02	0.00%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/20/12 2:21 PM

Jan 20, 2012 2:21PM

Mortgages Rates Higher Again and Less Consistent Between Lenders

Mortgage Rates moved higher again today, albeit by a relatively small amount on average. But averages only tell part of the story. We're seeing the same phenomenon of increasingly divergent rates between lenders crop up that we saw when the last major shift down in rates was happening, only this time it isn't so much motivated by a currently shifting market as it is by a POTENTIALLY shifting market The various methodologies for implementing the recently imposed Fannie/Freddie Guaranty Fee Increase...