mortgage interest rates: 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 … (0 comments)
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mortgage interest rates: 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 … (0 comments)
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mortgage interest rates: Mortgage Rates Drop To 50 Year Lows - 12/21/08 03:01 AM
Mortgage rates are down to rates we have no seen in 50 years. Since the early 1970s when we have good data for mortgage rates these are the lowest rates we have seen.
1) December 2008 5.19
2) June 2003 5.23
3) March 2004 5.45
4) May 2003 5.48
… (3 comments)
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mortgage interest rates: Mortgage Rates Drop Again to Near Record Lows - 12/12/08 03:14 AM
Last week 30 year rates were at 5.53. At that point those were the 5th lowest rates we have seen in the last 30 years. This week we saw rates drop again to 5.47. Now rates are third lowest we have seen in the last 30 years. Below are the dates … (1 comments)
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mortgage interest rates: Mortgage Rates Experience Historic Drop - 12/08/08 11:28 PM
Mortgage rates experienced a historic drop this month. 30 Year rates fell from 5.97 to 5.53. This is the lowest rates have been since January 2008. But I think this understates how low mortgage rates are this week so I did a little research. Since 1974 rates have been lower than … (2 comments)
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mortgage interest rates: Mortgage Rates Down For Fourth Straight Week - 11/30/08 04:35 AM
For the month of October we saw rates bouncing up and down pretty wildly. For the month of November we have not seen any large one week changes but a steady trend downward. The 30 year mortgage rate has moved down for the last 4 weeks. For the most part the … (7 comments)
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mortgage interest rates: Mortgage Rates News This Week - 11/21/08 01:26 AM
The financial markets hit some choppy waters this week. With successive drops of 427 and 445 points the Dow ended down substantially for the week.
For some positive news this marks the third week in a row where mortgage rates went down. The wild swings we saw earlier in mortgage … (2 comments)
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mortgage interest rates: Mortgage Rates Drop For Second Week - 11/16/08 10:12 PM
Mortgage rates for most of the major mortgage products fell again this week. Although the drop was not as substantial as last week it is still nice to see rates come down this week. The 30 year mortgage rate fell from 6.20 to 6.14. The small movement this week marked a … (4 comments)
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mortgage interest rates: Mortgage Rates Drop After Fed Cut - 11/10/08 03:02 AM
The Fed cut the fed funds rate at the end of October. The rate was dropped from 1.5% to 1%. This is the lowest the rate has been since 2003. Following the cut we saw drops in all the major mortgage products. The 30 year dropped from 6.46 to 6.2. The … (2 comments)
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mortgage interest rates: Mortgage Rates Have Gone Haywire - 11/03/08 01:16 AM
This marks the third week in a row that mortgage rates have moved in one direction or another by more than .4 points. This is highly unusual. For some perspective for the 12 weeks from March 20th to June 5 mortgage rates held steady between 5.85 and 6.09. At this point … (3 comments)
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mortgage interest rates: Mortgage Is Not a Bad Word: Steps to Getting a Home Loan in the Credit Crunch - 11/03/08 01:05 AM
The bad news about the economy is inescapable these days. Consumer confidence is at an all time low and it's easier to follow a tennis match than keep up with the daily rise and fall of the stock market. Even though everyone is carefully watching the bottom line, life does go … (1 comments)
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mortgage interest rates: Mortgage Interest Rates Tumble After Fast Rise - 10/24/08 03:05 AM
So I imagine many people are breathing a sigh of relief this week. Last week mortgage rates made one of the largest one week jumps in the last 20 years. 30 year rates rose from 5.94 to 6.46 for over a half point increase. I thought that rates would drop this … (1 comments)
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mortgage interest rates: National Bank: How to Fix the Housing Crisis for Less than 700 Billion - 10/18/08 02:48 AM
Recently the news has been dominated by developments with the 700 billion dollar bailout package, and rightfully so. 700 billion is an astronomical sum of money. The first problem is that the 700 billion dollar bailout adds a huge amount of money to the national debt. Not only that, some have … (0 comments)
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mortgage interest rates: Mortgage Interest Rates Make Dramatic Rise After Bailout Passes - 10/18/08 02:08 AM
This week 30 year mortgage rates rose over half a point. This is the largest one week increase this year. It's interesting that the rate increases happened after the bailout was passed by the government. Although this is not a sign the bailout will fail its not a positive sign of … (0 comments)
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mortgage interest rates: Mortgage Interest Rates Move Down - 10/13/08 02:31 AM
Mortgage interest rates moved down this week. 30 Year rates feel back below 6 dropping from 6.10 last week to 5.94. 15 Year rates all fell quite a bit going from 5.78 last week to 5.63 this week. Below are rates for the major mortgage products for the last few weeks. … (0 comments)
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mortgage interest rates: In Week Of Historic Changes Mortgage Interest Rates Hold Even - 10/04/08 07:12 AM
In a week of historic changes in the US financial markets mortgage interest rates held pretty much even across the board. With the market making the largest one day drop in decades and also one of the largest one day gains in a long time to mention nothing of … (1 comments)
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mortgage interest rates: Could the 700 Billion Bailout = No Change in the Housing Market? - 10/04/08 06:43 AM
The general arguments concerning the bailout have gone something along the lines of
"The taxpayers should not have to foot a 700 billion dollar bill to bail out Wall Street"
"But if taxpayers do not bail out Wall Street the economy will fall apart and those same taxpayers will … (4 comments)
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mortgage interest rates: Mortgage Interest Rates Move Up After Historic Fall - 09/28/08 07:08 AM
For the two weeks after the government takeover of Freddie Mac and Fannie Mae we saw a historic drop in mortgage interest rates. In fact it was the largest two week drop since 1995. This was after rates had been gradually falling for the previous two months on rumors of the … (2 comments)
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mortgage interest rates: Mortgage Interest Rates Drop Over Half A Point In Just Two Weeks - 09/20/08 01:37 AM
If you have been hoping interest rates would drop your prayers have been answered. Interest rates plummeted over half a point last week falling from 6.35 to 5.78. The last time mortgage interest rates fell this fast this quickly was the beginning of 1995 when rates fell from 8.32 … (2 comments)
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mortgage interest rates: The Fallout From the Fannie Mae, Freddie Mac Takeover - 09/12/08 04:26 AM
So it has been a week since the feds came in and took over Freddie Mac and Fannie Mae. While it will obviously take some time to know the long term repercussions I wanted to look at some of the immediate reactions to the move.
First let's look at the reaction … (4 comments)
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