mortage loans: Interest Rate Update - 03-27-11
- 03/27/11 04:48 PM
The popular 30-year mortgage rate, as well as other rates, were on the rise this week, but still remain at low levels, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 4.81 percent this week, up from last week’s 4.76 percent. Last year at this time, the 30-year mortgage rate averaged 4.99 percent. “The rate uptick was related to higher than anticipated inflation data for February and ongoing geopolitical concerns,” says Frank Nothaft, chief economist at Freddie Mac.
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mortage loans: Interest Rate Update 07-13-10
- 07/13/10 12:00 PM
Below are some great rates for the week. These rates are typical for the PURCHASE borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment.
Take a look at FHA 5/1 ARM rates below, as those rates are at 3.25% for all loans up to $729,750 with a 3.5% down payment-this is amazing! This can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.5% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 4.625% with 1 Point
30 Year Fixed Jumbo---$729,751 to $2,000,000 … (0 comments)
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mortage loans: Interest Rate Update 04/17/10
- 04/17/10 04:39 PM
Interest Rate Update 04/17/10
Interest rates improved this week for the most part, in spite of mixed economic news. The 30-Year Fixed Conforming Rate is under 5% again, so that is great. Below are some rates for the weekend. These rates are typical for the PURCHASE borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment.
Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750-this is amazing! This can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year … (0 comments)
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mortage loans: Stated Income Loans coming back?.............
- 04/02/10 04:08 PM
I received an email from a lending institution that is claiming to now have stated income loans.
I have a client who is an independent contract looking to buy, and I am having them call on Monday.
Has anyone heard anything about stated income loans coming back?
If anyone has any inside scoop, please let me know.
Thanks!
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mortage loans: Interest Rate Update 03-19-10
- 03/19/10 04:17 PM
Interest rates were stable this week, and are still excellent! Rates may improve next week depending upon the highly publicized health care bill being voted on this weekend. That vote could be the catalyst that ignites the correction in stocks lower, which could help the bond markets, and in turn, interest rates, next week.
Below are some rates for the weekend. These rates are typical for the PURCHASE borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment. Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all … (1 comments)
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mortage loans: Interest Rate Update 03-14-10
- 03/14/10 04:18 AM
Interest rates were stable this week, and are still excellent!
Below are some rates for the week end. These rates are typical for the PURCHASE borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment.
Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750-this is amazing! This can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point
30 … (0 comments)
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mortage loans: Interest Rate Update 01-08-10
- 02/08/10 12:51 AM
Interest rates dropped once again this week, so that is terrific news. The main reason was the unfortunate unemployment numbers.
The Labor Department reported today that there were 20,000 jobs lost in January, which was worse than expectations.
These rates are typical for the PURCHASE borrower with excellent credit and a sizable down payment, exclusive of FHA for the down payment. Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750-this is amazing! This can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year Fixed … (3 comments)
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mortage loans: Interest Rate Update - 01/21/10
- 01/23/10 02:08 AM
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.125% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.75% with 1 Point
5/1 ARM Jumbo---4.875.% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 5.0% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 3.75% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.125% with 1 Point
FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.75% with 1 Point
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mortage loans: Interest Rate Update 12/12/09
- 12/12/09 04:37 PM
Rates remain TERRIFIC!
We had relative stability this week in terms of interest rates, even though bonds were under pressure because of a better than expected Retail Sales Report for November, marking the third monthly increase over the past four months.
Consumer Sentiment was also reported quite a bit better than expectations.
Below are some rates for the week-end. These rates are typical for the borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment. Take a look at FHA 5/1 ARM rates below, as those rates are at 3.75% for all loans up to … (2 comments)
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mortage loans: Interest Rate Update - 11/29/09
- 11/29/09 03:30 AM
Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750
This is amazing! It can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.75% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 4.875% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.75% with 1 Point
5/1 ARM Jumbo---5.0% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 4.875% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 3.50% with 1 … (1 comments)
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mortage loans: Interest Rate Update 11/14/09
- 11/14/09 02:09 AM
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.625% with 1 Point
5/1 ARM Jumbo---4.875% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 5.0% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 3.75% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.25% with 1 Point
FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.75% with 1 Point
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mortage loans: Interest Rate Update 10/02/09
- 10/03/09 01:01 AM
Wow. Some unbelievable rates for those who are looking to hold on to your property for 5 years or less!
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.75% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 4.875% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.625% with 1 Point
5/1 ARM Jumbo---4.75% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 4.875% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 3.75% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.125% with 1 Point
FHA 5/1 … (1 comments)
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mortage loans: FHA loans may have deflated like a rushed souffle'.............
- 09/07/09 03:49 PM
I can remember a year ago when FHA loans were all the rage.
At the time they were 3% down. Wow what a market stimulator they were.
But that was then.
Now it seems that FHA loans have become the red-headed step child as far as sellers are concerned as they seemed to have deflated like a rushed souffle'.
The FHA requirements are seeming at times to be "prudently persnickity".
I'm seeing more and more MLS listings just flat out stating "NO FHA LOANS" because they already know the property will not pass an FHA inspection, or they just do not … (10 comments)
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mortage loans: Interest Rate Update
- 08/08/09 06:15 AM
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 5.375% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.625% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 6.25% with 1 Point
5/1 ARM Jumbo---5.125% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 5.625% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 4.25% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.75% with 1 Point
FHA 5/1 ARM High Balance---$417,001 to $729,750: 4.25% with 1 Point
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mortage loans: Interest Rate Update
- 07/27/09 05:33 AM
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 5.125% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.375% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 6.25% with 1 Point
5/1 ARM Jumbo---5.25% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 5.25% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 4.5% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.625% with 1 Point
FHA 5/1 ARM High Balance---$417,001 to $729,750: 4.5% with 1 Point
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mortage loans: What is a good faith estimate, and how do I interpret it?
- 04/21/09 05:31 PM
Whether you're purchasing or refinancing, a Good Faith Estimate is a list of all "estimated" fees involved in a mortgage transaction. Pursuant to the Real Estate Settlement Procedures Act (RESPA), a U.S. mortgage lender must present a GFE to a customer within 3 days of submitting a loan application. The estimate is designed to give borrowers the ability to shop and compare the fees of one loan to the fees of another, so that they can make informed decisions based on the cost of the loan. However, obtaining an honest and thorough estimate may be a challenge. Being an informed borrower … (0 comments)
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The popular 30-year mortgage rate, as well as other rates, were on the rise this week, but still remain at low levels, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 4.81 percent this week, up from last week’s 4.76 percent. Last year at this time, the 30-year mortgage rate averaged 4.99 percent. “The rate uptick was related to higher than anticipated inflation data for February and ongoing geopolitical concerns,” says Frank Nothaft, chief economist at Freddie Mac.
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