July 28, 2010

Average Mortgage Rates
30 Yr FRM	4.63%	-0.02%
15 Yr FRM	4.03%	-0.03%
FHA 30 Year	4.65%	-0.02%
Jumbo 30 Year	6.04%	-0.04%
5/1 Yr ARM	3.66%	-0.02%
View Current Mortgage Rates \| Compare Rates	Updated: 7/28/10 6:48 PM

Latest Commentary

Can Mortgage Rates Go Any Lower? - Mortgage Rate Watch

I suppose the first step of this scenario coming true is the "double-dip". Some folks say the deflationary spiral has already taken hold, others say we're dealing with a crisis of confidence and the underlying economy is strong. Working in the housing market I am exposed to excess amounts of negativity, but I also see evidence of a bottom... Read More

MBS Prices Hit New Record High After 5-Year Note Auction - MBS Commentary

Front-month TBA levels set yet another new record high this morning and yield spreads continued to tighten vs. benchmarks. While the street more than likely sees the current coupon in the +55/10s range, my weighting on the 4.0 has the current coupon closer to +68/10s. No matter how you slice it, mortgage valuations are rich, and everyone still wants... Read More

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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
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