Mortgage Rates as of 10/02/13

National Averages 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM Average Rates 4.32% 3.37% 3.07% 2.63% Change (from prior week) -0.18% -0.17% -0.04% -0.02% Fees & Points 0.7 0.7 0.5 0.4 Margin N/A N/A 2.75 2.76 ┬áRegional … [Read more...]

Mortgage Rates as of July 16, 2013

Mortgage Rates as of July 16, 2013

Mortgage rates held almost perfectly steady today. Any lenders that offered noticeably different rates were generally in slightly lower territory, but this was barely enough to equate to 0.01 percent of movement on average. Trading activity in MBS ("mortgage backed securities" that most directly … [Read more...]

Mortgage Rates as of June 26, 2013

Mortgage Rates as of June 26, 2013

Mortgage rates added a second day of improvement to yesterday's more tentative gains, falling just slightly faster than any other day this month. While the improvements scarcely make a dent in the recently severe collection of losses, they're part of the consolidation that would necessarily precede … [Read more...]

Mortgage Rates as of June 19, 2013

Mortgage Rates as of June 19, 2013

Mortgage rates began the day higher, though many lenders repriced in the middle of the day with improved offerings after bond markets began improving (mover lower in rate) into the PM hours. Even after those improvements, most lenders were still in slightly worse shape vs yesterday's latest … [Read more...]

Mortgage Rates as of June 12, 2013

Mortgage Rates as of June 12, 2013

Mortgage rates moved higher today, keeping them locked in this week's new, higher range. The movement wasn't enough to change the actual rate a borrower is likely to be quoted (conventional 30yr Fixed best-execution rate currently 4.125%). Instead the day over day change would be seen primarily in … [Read more...]

Mortgage Rates as of June 5, 2013

Mortgage Rates as of June 5, 2013

Mortgage rates were moderately higher today, taking most lenders into slightly higher territory than yesterday or last Tuesday (the two worst days recently). Last Tuesday was the game-changer for rates, and every day since then has been in 14-month high territory--today being the worst. The … [Read more...]