Best Mortgage Rates
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.38% | 0.03% |
| 15 Yr FRM | 3.77% | 0.01% |
| FHA 30 Year | 4.40% | 0.02% |
| Jumbo 30 Year | 5.56% | 0.01% |
| 5/1 Yr ARM | 3.52% | 0.02% |
| Updated: 9/3/10 4:17 PM | ||
Latest Commentary
How Did The Employment Report Affect Mortgage Rates? - Mortgage Rate Watch
After the data was released, stock markets rallied sharply higher and the bond market sold off. After hitting new lows on Tuesday, mortgage rates have risen for the last three days.
All Signs Point to Higher Rates in Week Ahead - MBS Commentary
A slow econ calendar and pending Treasury issuance combined with a short term bias to chase returns in the equity market imply interest rates will rise in the week ahead.
Provided by Mortgage News Daily
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.
| Average Mortgage Rates | ||
| 30 Yr FRM | 4.35% | 0.02% |
| 15 Yr FRM | 3.76% | 0.01% |
| FHA 30 Year | 4.38% | 0.01% |
| Jumbo 30 Year | 5.55% | 0.02% |
| 5/1 Yr ARM | 3.50% | 0.01% |
| Updated: 9/2/10 5:21 PM | ||
Latest Commentary
Mortgage Rates Move Higher Before Jobs Data - Mortgage Rate Watch
The Employment Situation Report will be released at 8:30am tomorrow. Economists expect the Unemployment Rate to move higher from 9.5% to 9.6% and they forecast a 100,000 person decline in Non-Farm Payrolls. A better than expected report will send mortgage rates higher while a worse than anticipated read will send consumer borrowing costs lower. The...
Pre-NFP Outlook Plus Loan Pricing Comparison - MBS Commentary
The way I view it, the hoard of $$ that has gone long Treasuries would just love it if NFP prints worse than expected. Not only could they add to their position at a cheaper price, they could book a profit (reduce losses) when the curve rallies coupon prices higher. On the other hand, if NFP matches expectations or beats, specifically the Private Payrolls...
Provided by Mortgage News Daily
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.
Daily Mortgage News
Consumer bankruptcy filings during August fell 8 percent from July, the American Bankruptcy Institute reported.
The decline followed a bounce in July.
Year-to-date Aug. 31, 2010, filings totaled 1,034,843.
The decline followed a bounce in July.
Year-to-date Aug. 31, 2010, filings totaled 1,034,843.
The public was invited on July 15 to comment on three U.S. Department of Housing and Urban Development initiatives designed to help restore the Mutual Mortgage Insurance Fund capital reserve account.
More than 900 comments were received by the comment deadline on Aug. 16, a public filing Friday said.
The "overwhelming majority" of the comments addressed the proposed 3 percent limitation on seller concessions.
More than 900 comments were received by the comment deadline on Aug. 16, a public filing Friday said.
The "overwhelming majority" of the comments addressed the proposed 3 percent limitation on seller concessions.
The U.S. Department of Housing and Urban Development reported last week that reverse mortgage originations climbed to 5,901 loans for a maximum claim amount of $1.5 billion in July from 5,304 loans endorsed for $1.3 billion a month earlier.
It was the second month in a row of gains.
In August, according to the Reverse Market Insight newsletter, reverse mortgage production increased 13 percent.
It was the second month in a row of gains.
In August, according to the Reverse Market Insight newsletter, reverse mortgage production increased 13 percent.
In an appearance before the Financial Crisis Inquiry Commission, regulators testified about the why there was disparate treatment in the resolution of Washington Mutual Inc. and Wachovia Corp.
The Federal Deposit Insurance Corp.'s chairman said the FDIC had known for months that WaMu was in trouble.
But with Wachovia it didn't know until very late in the game how dire the situation was.
In addition, Wachovia was deemed systemically important.
The Federal Deposit Insurance Corp.'s chairman said the FDIC had known for months that WaMu was in trouble.
But with Wachovia it didn't know until very late in the game how dire the situation was.
In addition, Wachovia was deemed systemically important.
The number of mortgage jobs was up by 2,300 positions in July, according to data released Friday by the U.S. Department of Labor.
Headcount in "real estate credit" was up by nearly 3,000 jobs.
But "mortgage and nonmortgage loan brokers" saw their numbers decline by around 500 positions, the government data indicated.
Headcount in "real estate credit" was up by nearly 3,000 jobs.
But "mortgage and nonmortgage loan brokers" saw their numbers decline by around 500 positions, the government data indicated.