Mortgage Rates: 30-Year Fixed Rate Slips To 3.54%
By Dan Green | Reposted from themortgagereports.com Conforming mortgage rates slipped this week as the Refinance Boom continues. According to Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS), a poll of more than 100 banks nationwide, the average 30-year fixed rate mortgage rate fell 3 basis point to 3.54% this week. The rate is available [...]
Vital Signs Chart: Mortgage Rates Still Near All-Time Lows
Reposted from the Wall Street Journal | By Brenda Cronin Mortgage rates continue to plumb historically low levels, on the threshold of the industry’s key spring home-sales season. The rate on a 30-year fixed-rate mortgage ticked down to an average of 3.54% in the week ended on March 21 from 3.63% the previous week. That [...]
WEDNESDAY UPDATE: 03/20th
Today’s FOMC adjournment and economic projections yielded little surprises. The meeting adjourned with no change to key short-term interest rates and the Fed outlook on the economy is slightly weaker than previously estimated. Their prediction for Gross Domestic Product (GPD) growth is now between 2.3% and 2.8% while they believe that the U.S. unemployment rate [...]
What’s New in the Mortgage Market in 2013
By Ilyce R. Glink | Reposted from Yahoo! Homes The new year has brought even more changes to the mortgage market. New and evolving lending standards mean borrowers need to pay more attention to debt and credit when shopping for a loan. And even lower interest rates mean homeowners and new home buyers alike should [...]
Mortgage Rates: The Last Breath Of The 2009-2013 Refinance Boom?
By Dan Green | Reposted from themortgagereports.com Despite day-to-day volatility, the broader mortgage market has been in a 3-week standstill, as 30-year fixed-rate mortgage rates went unchanged again this week according to data from Freddie Mac. The average 30-year fixed rate mortgage remained at 3.53%; the average 15-year fixed held at 2.77%. The mortgage refinance [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 2/11th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, I believe we will see the most movement in rates the middle part of the week. There is a small improvement waiting for tomorrow’s open if your lender did not improve pricing Friday afternoon when the bond market strengthened during late trading. The Dow [...]
Mortgage Rates Improve after yesterdays January 2013 FOMC Statement
Reposted from http://themortgagereports.com by Dan Green This week’s FOMC meeting has adjourned with no change to key short-term interest rates or the Fed’s bond buying program. The lack of a change to interest rates was widely expected, but there was a lot of debate about the Fed maintaining their current stimulus programs. The news of [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 1/28th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it is difficult to say exactly which day will probably have the most movement in mortgage rates, but Wednesday and Friday are certainly the best candidates. Wednesday has the GDP and FOMC meeting while Friday’s agenda includes two highly important releases in the Employment [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 1/7th
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, it would be easy to say this will be a calm week for the mortgage markets due to the lack of important or highly influential events scheduled. I would not be surprised to see stocks move lower for the week, helping to push funds [...]
What Will Happen with Massachusetts Mortgage Rates this Week? 12/31st
Inquire within for current Mortgage Rates or Guidelines bc@SmarterBorrowing.com 617.771.5021 Overall, the key data of the week will be Friday’s Employment report, but look for Wednesday to be active also due to the ISM report. We also have the Fiscal Cliff issue coming to a head early this week. As mentioned last week, I don’t [...]
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