mortgage interest rates: For the Fifth Week In A Row - Mortgage Rates Hit A New All Time Low - 08/29/10 04:58 PM
The 30 year rate fell from 4.42 to 4.36 this week. This is the 6th week in a row where rates have fallen. But more importantly this is the 5th week where we have hit a new all time low. In that time the 30 year rate has dropped from 4.57 to 4.36. Considering that 4.57 was an all time low this is a decent drop.

The 15 year dropped from 3.90 to 3.86. The 5 year arm stayed even at 3.56 and the 1 year arm dropped from 3.53 to 3.52. These were all time lows for the respective … (4 comments)

mortgage interest rates: After Hitting Record Lows Mortgage Rates Fall Again - 07/05/10 06:50 PM
The 30 year rate dropped this week from 4.69 to 4.58. This is quite a large drop for a week. What makes it even more interesting is that 4.69 from last week was already an all time historic low. We are moving into territory for mortgage rates I would have never thought possible.

While the 30 year rate is the mortgage product that is the most widely used some of the other mortgage products made records as well. The three other mortgage products all hit all time lows last week. Two of the other three mortgage products fell further this … (1 comments)

mortgage interest rates: Mortgage Rates Fall and Hit New Low for 2010 - 02/28/10 06:10 PM
The 30 year rate fell from 4.97 to 4.93 this week. Overall rates have been pretty stable. In fact during all of 2010 30 year mortgage rates have stayed between 4.93 and 5.09. This is the 2nd week in a row where rates have fallen. The current rate of 4.93 is the lowest rate reached in 2010 and is somewhat near the all time low of 4.71 reached on December 3, 2009.

The other major mortgage products fell as well this week. The 15 year dropped from 4.34 to 4.33. The 5 and 1 year arms dropped from 4.19 to … (0 comments)

mortgage interest rates: Mortgage Rates The Volatility is Gone - 02/08/10 04:07 PM
After dropping for 4 weeks in a row the 30 year rate rose slightly this week moving from 4.98 to 5.01. The 15 year rose from 4.39 to 4.40. The 5 and 1 year arms rose from 4.25 to 4.27 (5 year arm) and 4.29 to 4.22 (1 year arm). Below are rates from the weeks from Jan 07, 2010 to Feb 04, 2010

Feb 04, 2010
30-fixed 5.01 15-fixed 4.40 5 ARM 4.27 1 ARM 4.22

Jan 28, 2010
30-fixed 4.98 15-fixed 4.39 5 ARM 4.25 1 ARM 4.29

Jan 21, 2010 … (3 comments)

mortgage interest rates: Mortgage Rates Start Off The Year Falling Four Weeks In A Row - 01/31/10 05:59 PM
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)

mortgage interest rates: Mortgage Rates Fall For The Third Week In A Row - 01/24/10 05:28 PM
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)

mortgage interest rates: Mortgage Rates Move Down Again - 01/16/10 10:38 AM
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)

mortgage interest rates: Mortgage Rates Continue to Rise - 12/31/09 06:14 PM
Mortgage rates jumped up again this week with the 30 year rate moving from 5.05 to 5.14. In the last month mortgage rates have risen rapidly moving from 4.71 on December 3rd to 5.14 today. The other major mortgage products have risen over the same time period but not as substantially as the 30 year rate. Below are rates from the weeks from Dec 03, 2009 to Dec 31, 2009 and rates from July 2, 2009.

Dec 31, 2009
30-fixed 5.14 15-fixed 4.54 5-yr ARM 4.44 1-yr ARM 4.33

Dec 24, 2009
30-fixed 5.05 15-fixed 4.45 … (0 comments)

mortgage interest rates: Mortgages Rates Shoot Up - 12/24/09 04:32 AM
Mortgage rates shot up this week with the 30 year rate moving from 4.81 to 4.94. Rates also moved up substantially last week. So now in the last two weeks rates have moved from 4.71 to 4.94. This is highest the 30 year rate has been since November 5th. Although the other mortgage products have moved up in the last two weeks they have not risen as dramatically as the 30 year rate. Below are rates from the weeks from Nov 19, 2009 to Dec 17, 2009

Dec 17, 2009
30-fixed 4.94 15-fixed 4.38 5-yr ARM 4.37 1-yr … (0 comments)

mortgage interest rates: Mortgage Rates Reach New All Time Lows - 12/05/09 06:14 PM
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)

mortgage interest rates: Mortgage Rates Hit Historic Low - 11/27/09 09:28 PM
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)

mortgage interest rates: Mortgage Rates Plummet: 6th Lowest of All Time - 11/22/09 05:04 PM
Rates fell for the third straight week. They hit the lowest point since May 21st and they reached the 6th lowest point in history. It will come as no shock to those that have been following rates that the 5 lower rates all occurred this year. Below are the 6 lowest rates of all time.

April 30th - 4.78
April 2nd - 4.78
April 23rd - 4.80
April 16th - 4.82
May 21st - 4.82
Nov 19th - 4.83

As we can see although it's the 6th lowest it's extremely close to the all time low of 4.78 reached … (0 comments)

mortgage interest rates: Mortgage Rates Start to Rise : Is Inflation Next - 10/24/09 04:58 PM
The 30 year rate rose again this week rising from 4.92 to 5.00. Now in the last two weeks 30 year mortgage rates have risen from 4.87 to 5.00. Most of the other major mortgage products rose as well. The 15 year rate rose from 4.37 to 4.43. Both the 5 year arm rising from 4.38 to 4.40 and the 1 year arm was the only product to fall moving from 4.60 to 4.54.

While this is not a huge jump the question is are we seeing the tip of the iceberg with rising rates? The expectation has been that … (3 comments)

mortgage interest rates: Mortgage Rates Start to Rise - 10/15/09 09:11 PM
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)

mortgage interest rates: Mortgage Rates Continue to Fall - 10/06/09 06:18 PM
Mortgage Rates Fell yet again this week. The 30 year fell from 5.04 to 4.94. This marks the 5th week in a row where mortgage rates have either fallen or held steady. For the most part rates have been slowly falling. In fact this week accounts for half of the total fall in the last five weeks. So how does 4.94 look in a historical context. It is the lowest rate we have seen since May 28th. More importantly though it is lower than any rate we have seen prior to March 26, 2009 in the 40 years we have been … (0 comments)

mortgage interest rates: Mortgage Rates Continue to Drop - 09/21/09 07:51 PM
Mortgage rates have now dropped for 3 weeks in a row. We are not seeing a lot of movement. 30 year rates have only dropped from 5.14 to 5.04 in the last 3 weeks. What is interesting is that rates are dropping at all. Most of the news have focused on how inflation is pending for the US because of unprecidented government spending. But while the news has focused on pending inflation (and corresponding higher mortgage rates) mortgage rates have continued to drop. Mortgage rates are lower than at any point before 2009 (they were lower in April 2009). Below are … (1 comments)

mortgage interest rates: Mortgage Rates Hold Steady - 08/29/09 04:47 PM
For the most part mortgage rates held steady this week after dropping sharply last week. The 30 year rate rose slightly from 5.12 to 5.14 after dropping from 5.29 the week before. The 15 year rate rose from 4.56 to 4.58. The 1 year arm held steady at 4.69 and the 5 year rate (the only mortgage product that saw much movement) rose from 4.57 to 4.67.

The general consensus is still that rates are going to eventual move up rapidly when the economy recovers. As long as the economy stay in the doldrums there is a decent chance … (1 comments)

mortgage interest rates: Are Mortgage Rates Primed To Rise - 08/13/09 08:38 PM
Mortgage rates rose again this week. This is the third time in the last 4 weeks that mortgage rates have risen. Why are mortgage rates rising? There are numerous factors at play but generally once the economy recovers it's expected that inflation, and mortgage rates, should rise. The last month of generally positive economic news has probably helped nudge mortgage rates up. Although rates are increasing they are increasing in small steps and not large strides. Since July 16th the 30 year rate has only moved from 5.14 to 5.29. While this is interesting it's certainly not a huge move upward.
… (0 comments)

mortgage interest rates: Mortgage Rates Fall Again - 07/03/09 08:53 PM
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)

mortgage interest rates: After 2 Weeks of Large Increase Mortgage Rates Fall Again - 06/19/09 05:50 PM
So for the previous two weeks we saw sizable gains in mortgage rates. Between May 28th and June 11th 30 year mortgage rates jumped from 4.91 to 5.59. This week we saw rates drop down to 5.38. Although we are still above what we were at two weeks ago it's nice to see mortgage rates moving back down. The other major mortgage products all went down as well. The 15 year dropped from 5.06 to 4.89. The 5 and 1 year arms dropped from 5.17 to 4.97 (5 year arm) and 5.04 to 4.95 (1 year arm). Below are rates for … (2 comments)