Tag Archive

Friday’s Rates are Up and Down and Up and….

By Rhonda Porter

Rates have been so volatile lately it’s insane.  On Tuesday, I was quoting 5.875% (apr 6.133); Wednesday rates dropped to 5.625% (apr 5.818) then popped back up on Thursday.  This morning I quoted 6.00% (apr 6.155) all for 30 year fixed conventional with 720-739 mid scores priced w/1 point; now it’s 0.125% higher.  I’ve seen... »

Friday’s Mortgage Interest Rate Update

By Rhonda Porter

The comparison of rates is based on when I last posted on (I skipped a week while our family was vacationing at Lake Roosevelt).   Overall, rates are slightly improved to unchanged and do continue to be volatile. Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on... »

Reviewing Your Adjustable Rate Mortgage

By Rhonda Porter

RCG’s Jillayne Schlicke was interviewed on King 5 last night…I wish her spot would have been longer.  Check her out here!  The piece is about resetting subprime adjustable rate mortgages.   King 5’s, Chris Daniels reports that locally, we’ll see around 12,000 subprime mortgages reset over the next 6 months.  Combined with lower home values... »

Friday’s Rates–Conforming Jumbo Rates are GREAT!

By Rhonda Porter

Rates are pretty close to the same as last week…however I don’t expect this to last considering all of the inflationary data we have.   Inflation will have a negative impact on mortgage back securities (bonds) which will drive interest rates higher.   A 30 year fixed rate term refinance that I closed today at zero points/zero discount... »

Friday’s Rates

By Rhonda Porter

Rates continue to be very volatile…I’ve seen up to 3 rate sheets from one lender so far today.  Consumer Sentiment came in at an all time low and bonds did ralley early on but have lost their gain.   To see live rate quotes for various scenarios, check out my Twitter. Conforming Mortgage Rates (loan amounts... »

Friday’s Rates

By Rhonda Porter

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000.  This scenario includes reserves (taxes & insurance) not being waived.   Rates quoted are priced based on a 45... »

Friday’s Rates

By Rhonda Porter

Mortgage bonds have a negative reaction to inflation and we’re seeing high food and oil prices and rates continue to be very volatile…next week, the drama promises to deliver with the FOMC meeting on Tuesday and the Jobs Report on Friday. I know I sound like a broken record…but here goes: THE... »

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