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mortgage rates: Lowest Mortgage Rates this year! 30 Year Fixed at 4.375% - 11/24/09 03:34 PM
Lowest Mortgage Rates this year!  30 Year Fixed rate at 4.375%
Today, the mortgage bond market improved once again and continues to climb.  The higher the bonds go, the lower rates fall.  The Fed expects rates to remain low for sometime but certain anticipate them to begin slowly climbing over time. 
At 1pm ET today, the Treasury auctioned a record $42B in 5-year Notes.  This follows yesterday’s good auction results of 2-Years, which helped push Bond prices higher.  Then at 2pm ET, the Fed Minutes from the November 4th meeting were released.  And looking ahead, next Thursday December 3rd, is … (3 comments)

mortgage rates: History proves that low interest rates will not last forever! - 04/28/09 03:04 PM
Mortgage rates over the past year have been very volatile yet very low!  Each month, we seem to hit an all-time new low.  One year ago, mortgage rates for the 30 year fixed rate was at 5%.  As soon as this rate came out, there was an unbelievable rush to get closed or refinanced as soon as possible. 
Today, the new lows are in the low to mid 4's.  Now, borrowers think 5% is WAY TOO HIGH and believe they should wait for lower rates.  Typically, when new lows are reached, the market almost immediately pulls back to higher levels.  As … (0 comments)

 


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