fed: The Fed's Role in Crisis and Recovery - 08/19/10 12:06 AM
Despite its apolitical mandate, the Federal Reserve remains one of the most politically sensitive institutions in the world, as evidenced by Fed Chairman Ben Bernanke's opinion column on November 29th. In the piece, Bernanke criticized proposed legislation before the Senate that would seek to curtail powers given to the Fed over its near-century of existence. With approval of the Consumer Financial Protection Agency comes a new regulatory regime that may also threaten the dominant paradigm, changing the way business at the top is done for decades to come. What will the Federal Reserve's role be in this new financial landscape, and … (0 comments)
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fed: Mortgage Rates Start Off The Year Falling Four Weeks In A Row - 02/01/10 01:59 AM
The 30 year rate fell slightly this week moving from 4.99 to 4.98. This is the 4th week in a row where rates have fallen. Although rates have been falling for 4 weeks in a row all the drops have been slight. Four weeks ago rates the 30 year rate stood at 5.14 and today it stands at 4.98 for a total drop of only .16 points. The other major mortgage products fell as well but all the drops were similarly quite small. The 15 year dropped from 4.40 to 4.39. The 5 and 1 year arms dropped from 4.27 to … (2 comments)
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fed: Mortgage Rates Fall For The Third Week In A Row - 01/25/10 01:28 AM
The 30 year rate fell from 5.06 to 4.99 this week. This marks the 3rd week in a row where rates have fallen. Although rates have been falling they are still quite a bit off the all time low of 4.71 we saw on December 3, 2009. That said it's nice to see rates falling again. Looking at other rates the 15 year dropped from 4.45 to 4.40. The 5 and 1 year arms dropped from 4.32 to 4.27 (5 year arm) and 4.39 to 4.32 (1 year arm). Below are rates from the weeks from Dec 24, 2009 to Jan … (0 comments)
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fed: Mortgage Rates Move Down Again - 01/16/10 06:38 PM
Mortgage rates moved up drastically during the month of December with 30 year rates rising from 4.81 to 5.14. During the first two weeks of January we have seen mortgage rates pull back slightly falling from 5.14 to 5.09 the first week and 5.09 to 5.06 the second week. We also saw the 15 year rate fall from 4.50 to 4.45 this week. The 5 arm dropped drastically this week going from 4.44 to 4.32. The 1 year arm was the only mortgage product to rise moving from 4.31 to 4.39. Being in the odd situation where the 5 year arm … (0 comments)
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fed: Mortgage Rates Reach New All Time Lows - 12/06/09 02:14 AM
Last week mortgage rates matched their all time low of 4.78. This week rates fell even further reaching a new low of 4.71. To put this in some context in terms of historical mortgage rates before the last 12 months the all time low was 5.24 which was reached in the middle of 2003. Today's rates are a full half point below that.
Although the 30 year rate is the most significant of the 4 major mortgage products the other 3 fell as well. The 15 year mortgage hit a new all time low for the second week in … (0 comments)
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fed: Mortgage Rates Hit Historic Low - 11/28/09 05:28 AM
Mortgage rates fell this week with three of the 4 major mortgage products hitting all time lows. The most important of the four mortgage products the 30 year rate fell to 4.78 from 4.83 equaling the previous low. The 15 year mortgage product hit 4.29 beating the previous low of 4.32 reached last week. The 5 year arm came in at 4.18 breaking the previous low of 4.25 also reached last week. The 1 year arm stayed at 4.35. Below are rates from the weeks from Oct 29, 2009 to Nov 26, 2009
Nov 26, 2009
30-yr 4.78 … (3 comments)
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fed: Mortgage Rates Continue To Rise: Are Sub 5 Rates Gone Forever? - 11/02/09 12:57 AM
So are sub 5.0 rates gone forever? The short answer is probably yes. While rates might briefly fall below 5 in the next month for the most part the era of sub 5.0 rates is over. Mortgage rates rose for the third straight week. The thirty year rate rose from 5.00 to 5.03. The 15 year rate rose from 4.43 to 4.46. The 5 and 1 year rates rose from 4.40 to 4.42 and 4.54 to 4.57. Its interesting to note that the 1 year arm has had a higher rate than the 5 year arm for the last few weeks. … (1 comments)
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fed: Mortgage Rates Start to Rise - 10/16/09 04:11 AM
After falling for the last 6 weeks mortgage rates started to rise this week. The 30 year rate rose from 4.87 to 4.92. The 15 year mortgage rose from 4.33 to 4.37. Both arms rose as well with the 5 year arm rising from 4.35 to 4.38 and the 1 year arm rising from 4.53 to 4.60. Below are mortgage rates for the last several weeks along with mortgage rates from March 19, 2009.
Oct 15, 2009
30-yr 4.92 15-yr 4.37 5-yr ARM 4.38 1-yr ARM 4.60
Oct 08, 2009
30-yr 4.87 15-yr 4.33 5-yr … (1 comments)
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fed: Madoff's Mansions on the Market - 09/30/09 01:11 AM
Marshalls are preparing to put Madoff's mansions on the market, and victims of his ponzi scheme are hoping to cash in big time. Based on court records, the FBI is revving up to sell an estimated $30 million in real estate and property, all of which will go to his victims. The three homes on the way to market are a penthouse in Manhattan, a Montauk beach house on Long Island and a waterfront Palm Beach retreat.
Vacation real estate Madoff owned in Côte d'Azur that was seized by the feds back in March has since been sold. The chic … (3 comments)
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fed: Mortgage Rates Fall Again - 07/04/09 03:53 AM
Mortgage Rates fell this week with the 30 year rate dropping from 5.42 to 5.32. They have fallen .27 points from their recent high of 5.59 reached on June 11, 2009. Rates are still up from the all time low of 4.78 they reached on April 30, 2009. Except for the 1 year arm the other major rates dropped as well. The 15 year fixed rate dropped from 4.87 to 4.77 and the 5 year arm dropped from 4.99 to 4.88. The one year arm rose slightly from 4.93 to 4.94. Below are rates for the last few weeks.
Jul … (1 comments)
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fed: Mortgage Rates Hit All Time Lows - 05/02/09 12:10 AM
The 30 year mortgage rate hit its all time low this week falling from 4.80 to 4.78. This matches the previous all time low that was reached just a few weeks ago on April 2, 2009. For the last month mortgage rates have been hovering a little below 5 percent. The 15 year fixed mortgage rate held steady for the second week at 4.48. While this is low for the 15 year rate the difference between the 30 year rate and the 15 year rate is lower than usual. Therefore, the 15 year rate should be seeing less activity than normal. … (1 comments)
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fed: Mortgage Rates Fall Back to Previous Lows - 02/22/09 01:03 AM
Mortgage rates fell for the second week in a row. 30 year rates fell to a 40 year low to start the year dropping down to 4.96 on January 15th. After that rates rose up to 5.25. Now rates have fallen back to almost reach their previous lows. In fact this is the lowest rates have been in 40 year with the exception of the first two weeks of 2009. Below are rates for the last few weeks.
Feb 19, 2009
30-yr 5.04 15-yr 4.68 5-yr ARM 5.04 1-yr ARM 4.80
Feb 12, 2009
30-yr 5.16 … (0 comments)
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fed: Mortgage Rates Move Down - 02/16/09 08:42 PM
Mortgage rates came down a little this week. We are still not back down to the levels we saw two weeks ago. 30 year rates fell from 5.25 to 5.16. This is a little higher than the 5.10 we saw two weeks ago and .2 points higher than the 4.96 we saw 4 weeks ago. But to put this all in perspective if we neglect the last month 5.16 is still one of the lowest rates we have seen in over 40 years.
One point of confusion is that when looking at average rates people relate it to a rate … (1 comments)
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fed: After Hitting Historic Lows Mortgage Rates Jump Up - 02/07/09 03:55 AM
After falling for the last 2 months 30 year mortgage rates jumped up this week. The 30 year mortgage went from 5.10 to 5.25. This is the highest we have seen December 11, 2008. The 15 year mortgage moved up as well from 4.80 to 4.92. Below are rates for the last few weeks.
Feb 05, 2008
30-yr 5.25 15-yr 4.92 5-yr ARM 5.26 1-yr ARM 4.92
Jan 29, 2008
30-yr 5.10 15-yr 4.80 5-yr ARM 5.27 1-yr ARM 4.90
Jan 22, 2008
30-yr 5.12 15-yr 4.80 5-yr ARM 5.24 1-yr ARM 4.92 … (0 comments)
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fed: Mortgage Rates Hold Steady - 01/30/09 02:54 AM
Mortgage rates for the most part held steady this week. The 30 year rate dropped from 5.12 to 5.10. Rates are still at historic lows. The rates for the last month have all been below anything we have seen in the last 40 years since we started tracking weekly mortgage rates. The 15 year rate held steady at 4.8. The 5 year arm rose from 5.24 to 5.27 and the 1 year arm dropped from 4.92 to 4.90. What the numbers below don't reflect is that rates mid week were a little higher midweek. But by the end of the week … (2 comments)
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fed: Mortgage Rates Move Up For First Time In 3 Months - 01/26/09 02:47 AM
All good things must come to an end. After 12 weeks of falling rates interest rates went up this week. The 30 year rate went back above 5 jumping from 4.96 to 5.12. Below are rates from the last few weeks and October 30 which was when rates first started to fall.
Jan 22, 2008
30-yr 5.12 15-yr 4.80 5-yr ARM 5.24 1-yr ARM 4.92
Jan 15, 2008
30-yr 4.96 15-yr 4.65 5-yr ARM 5.25 1-yr ARM 4.89
Jan 08, 2008
30-yr 5.01 15-yr 4.62 5-yr ARM 5.49 1-yr ARM 4.95
… (3 comments)
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fed: Mortgage Rates Fall For The 12th Week In A Row - 01/17/09 03:07 PM
This is getting just ridiculous. This is now the 12th week in a row where mortgage rates have fallen. Ok one small caveat to that this is the 12th week where the 30 year mortgage rate has fallen. But in the current environment the 30 year mortgage rate is almost the only mortgage product that matters. The 30 year rate fell this week from 5.01 to 4.96. The 5 year arm fell (from 5.49 to 5.25) and the 1 year arm declined slightly (from 4.95 to 4.89). But frankly who cares, as long as these rates stay above the 30 year … (2 comments)
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fed: Mortgage Rates Continue To Fall - 01/10/09 02:28 AM
This is now the 11th week in a row where 30 mortgage rates have fallen. It also marks the 4th week where mortgage rates have hit new 40 year record lows. In this market the 30 year mortgage product has become by far the most used mortgage product. This is because the other mortgage rates offer rates similar to the 30 year but with shorter time spans making them somewhat pointless.
The 30 year mortgage fell from 5.10 to 5.01. At this point its hard to see the streak of consecutive drops in the 30 year rate continue much longer. … (4 comments)
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fed: Mortgage Rates Hit Fresh 30 Year Lows (Again) - 01/05/09 02:50 AM
So rates fell slightly this week. This marks the 10th week in a row rates have fallen. This is also the 3rd week where the the 30 year mortgage rate (the most popular mortgage product) has hit new 30 year lows. The 30 year rate fell from 5.14 to 5.10. The 5 year arm rose from 5.49 to 5.57. As long as the 5 year rate is higher than the 30 year arm it doesnt really matter if it rises or falls because no one is using it. The 1 year arm fell from 4.95 to 4.85 and the 15 year … (0 comments)
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fed: Mortgage Rates Drop To New Lows - 12/27/08 04:25 AM
Mortgage Rates fell again this week. This is the ninth week in a row were rates have fallen. Last week mortgage rates were already at 50 year lows. The 30 Year mortgage rate fell from 5.19 to 5.14. This is not a huge fall. The significant point this week is that they basically stayed down at historically low levels. Here are the lowest points mortgage rates have seen for the last 30 years.
1) December 2008 5.14
2) June 2003 5.23
3) March 2004 5.45
4) May 2003 5.48
Although rates are lower than they were in 2003 and … (0 comments)
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