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Friday’s Rates are Up and Down and Up and….
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 Rates–Conforming Jumbo Rates are GREAT!
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
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
Rates improved slightly from this morning following the Jobs Report today. With the new credit score based pricing, rates below are based on a 720 credit score. For your personal rate quote, please contact your local Mortgage Professional. Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). The conforming rate... »
Friday’s Rates
I’m going to put on my thinking cap for how I’ll do future rate post…I’ll have to play around with this as rates are becoming more challenging to provide a broad quote. These are historic times and I’m glad to be experiencing this first hand…maybe I’m being positive because it’s Friday! ... »
Friday’s Rates are in Limbo
We are in “limbo” while we wait for Fannie/Freddie and the lenders to figure out what the pricing will be for the temporary conforming loan limits. 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 minimum credit scores... »
Friday’s Rates for Leap Day
Today, negative economic news caused a significant sell off and traders “leaped” from stocks to the security of bonds, such as mortgage backed securities. Rates have improved by roughly an 0.125% since this morning. Mortgage rates remain highly volatile and (as always) I recommend locking over floating…especially as we get... »
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