mortgage rates: Mortgage Rates Fall Again - 07/19/08 09:36 PM
For the second week in a row mortgage rates have fallen. For those that don't read my updates regularly I wanted to give a short background on what rates have been doing. From the end of April to the beginning of June 30 year mortgage rates hovered around 6 percent. Then … (1 comments)
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mortgage rates: Current Mortgage News - 07/13/08 06:01 PM
So what has been going on in the world of finance and mortgages? Certainly the biggest news was the fall of IndyMac. Last week we heard that IndyMac had stopped giving out new mortgage loans and was going to concentrate on simply servicing the existing loans in its portfolio. Apparently this … (2 comments)
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mortgage rates: Mortgage Interest Rates Continue to Move Up - 07/02/08 02:00 PM
After rising drastically last week fixed mortgage interest rates moved up slightly this week. 30 Year notes moved from 6.42 to 6.45 and 15 Year notes moved from 6.02 to 6.04. ARMS on the other hand rose a decent amount. 5 Year Arms rose from 5.89 to 5.99 while … (2 comments)
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mortgage rates: Mortgage Interest Rates: Up Up And Away - 06/24/08 04:13 AM
Up up and away. Mortgage interest rates continue on their upward trajectory. 30 Year mortgage rates went from 6.32 to 6.42. 15 year notes rose from 5.93 to 6.02 and 5 year arms rose almost 20 basis point going from 5.7 to 5.89. 1 Year arms rose this week … (0 comments)
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mortgage rates: Mortgage Interest Rates This Week - 05/24/08 04:24 PM
Mortgages rates fell this week for 30 Year loan (6.01 to 5.98) and 15 year rates (5.6 to 5.55). Rates on 5 and 1 year arms increased (5.57 to 5.61 and 5.18 to 5.24) respectivly. Another interesting point is that 30 Year rates have now fallen for 4 weeks … (1 comments)
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mortgage rates: How Will The US Economy Recover? - 05/19/08 01:02 AM
You would probably have to have been living on a remote desert island for the better part of two years to not see any signs of the slowdown in the economy of the United States. Since August of 2007, the real estate market has been reeling from plummeting house prices, due … (3 comments)
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mortgage rates: What Is Up With Mortgage Interest Rates - 05/09/08 09:46 PM
So what happened with mortgage interest rates this week? Not much. For the second week in a row mortgage rates pretty much stayed the same.
May 8, 2008
30-yr 6.05 15-yr 5.60% 5-yr ARM 5.67 1-yr ARM 5.29
May 1, 2008
30-yr 6.06 15-yr 5.59% 5-yr ARM … (0 comments)
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mortgage rates: Mortgage Interest rates for the week of April 24 - May 1 - 05/04/08 04:11 AM
May 1, 2008
30-yr 6.06 15-yr 5.59% 5-yr ARM 5.73 1-yr ARM 5.29
April 24th, 2008
30-yr 6.03 15-yr 5.62% 5-yr ARM 5.68 1-yr ARM 5.29
April 17th, 2008
30-yr 5.88 15-yr 5.40% 5-yr ARM 5.48 1-yr ARM 5.10
April 10th, 2008
30-yr 5.88 15-yr 5.42% … (0 comments)
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mortgage rates: Commodities Stoke Inflation Fears - 05/02/08 04:07 AM
On April 30th, the Federal Reserve announced a cut in their main interest rate by 25 basis points, to 2% from 2.25%. This is the seventh such cut by the US central bank since the beginning of the credit crunch some eight months ago, totaling 3.25% in cuts to the key … (1 comments)
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mortgage rates: Credit Crunch: Light at the End of the Tunnel - 04/29/08 05:06 AM
When thinking about the economic slowdown now gripping the United States, one might think of the naked emperor of yore, who could not realize his condition until told by a child. By the time analysts and the White House recognize the extent of the credit crisis, its effects will probably not … (2 comments)
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mortgage rates: Whats Going on with Mortgage Rates this Week - 04/26/08 03:29 AM
April 24th, 2008
30-yr 6.03 15-yr 5.62% 5-yr ARM 5.68 1-yr ARM 5.29
April 17th, 2008
30-yr 5.88 15-yr 5.40% 5-yr ARM 5.48 1-yr ARM 5.10
April 10th, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.56 1-yr ARM 5.19
April 3rd, 2008
30-yr 5.88 15-yr 5.42% … (1 comments)
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mortgage rates: What are Mortgage Rates Doing This Week - 04/20/08 01:16 AM
April 17th, 2008
30-yr 5.88 15-yr 5.40% 5-yr ARM 5.48 1-yr ARM 5.10
April 10th, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.56 1-yr ARM 5.19
April 3rd, 2008
30-yr 5.88 15-yr 5.42% 5-yr ARM 5.59 1-yr ARM 5.18
March 27th, 2008
30-yr 5.85 15-yr 5.34% 5-yr ARM … (0 comments)
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mortgage rates: Interest Rates and the Credit Crunch - 04/20/08 12:58 AM
In Greek mythology, the hydra was a beast that, when one of its many heads were severed, would grow new heads in their place. The sub-prime mortgage crisis has developed in a similar fashion, initially appearing to be constrained to a sector of unworthy credit borrowers who likely didn't have the … (0 comments)
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mortgage rates: The Twin Menaces of Inflation - 04/15/08 11:21 PM
This week, a storm of bad news gave markets cold feet, resulting in Friday's 250-point loss. While this pattern of volatility has been the status quo for stock exchanges worldwide for the better part of the year-to-date, another factor has caused at least as many difficulties for a much larger percentage … (0 comments)
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mortgage rates: Current Issues with the Global Economy - 04/11/08 08:03 PM
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
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mortgage rates: Interactive Map of the US Showing Where Subprime Loans, Foreclosures, and Arms are by State,County, and Zip Code. - 04/04/08 07:25 PM
I posted an interactive map of the US showing where subprime loans, foreclosures, and arms are based on State, County and Zip Code. Its one of the cooler things I have put up in awhile. Unfortunately I cant post in the format used on my blog here :(.
But you … (0 comments)
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mortgage rates: Treasury Reorganization: Recession Response or Red Herring? - 04/04/08 02:35 AM
On March 31st, the Treasury Department announced a new plan to help the troubled financial sector weather the sub-prime mortgage storm. This new system replaces some agencies while redrawing the jurisdictions of existing authorities like the Securities and Exchange Commission and the Federal Reserve. In particular, the Fed's role in averting … (0 comments)
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mortgage rates: The 30 Year Loan vs The 15 Year Loan - 04/03/08 04:19 AM
There are many decisions when buying a home. One of them is what kind of loan product to use. With interest rates, payment terms and points it can be a little overwhelming. In this article we are going to compare and contrast two popular loan products the 30 Year and the … (3 comments)
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mortgage rates: How to Post widgets in your sidebar in Active Rain - 04/01/08 09:41 PM
So every so often in Active Rain you see a blog with widget in the left side bar. For example in this blog
post http://activerain.com/blogsview/447602/-College-Park-Homes there are several little widgets in the sidebar. So for this example we are going to post a mortgage rates widget. Here is what it looks … (10 comments)
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mortgage rates: Why in Today's Market a 30 Year Loan is King - 04/01/08 08:33 PM
In the past I used to tell people to look at different mortgage rates for different loan products and determine what was best for them. If they were planning on moving soon a 5 Year ARM might work. If they planned on staying on the house longer they might consider a … (5 comments)
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mortgage rates: Does Anyone Need a Free Widget That Keeps Your Web Visitors Up To Date On Mortgage Rates - Or How I Wasted My Last Several Weekends Part 2 - 03/31/08 07:55 PM
A while ago I set out with a mission. Kind of like when james bond has a mission and climbs on a plane in midflight to stop someone from blowing up the world. Anyway my mission was a little more boring. Basically I wanted to automatically post updated mortgage rates on … (31 comments)
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mortgage rates: Does Anyone Need a Free Widget That Keeps Your Web Visitors Up To Date On Mortgage Rates - Or How I Wasted My Last Several Weekends - 03/29/08 08:07 AM
It started off simply enough. I had been updating site by hand to keep mortgage rates up to date. So I wanted to create a widget that would automatically update my website with current mortgage rates. Sounds easy enough right? But once I got started I just kept going. As long … (13 comments)
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mortgage rates: Why the FED is Having Less Influence over Mortgage Interest Rates - 03/22/08 11:36 PM
In the past when the Federal Reserve cut the discount rate it translated into lower mortgage interest rates for home buyers. This was a convenient way for the Federal Reserve to stimulate the economy during economic slowdowns. By making it easier for people to get loans more cash was pushed into … (0 comments)
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mortgage rates: Mortgage Interest Rates Fall This Week - 03/22/08 03:15 PM
autoupdating mortgage rates widget
Mortgage rates fell this week. 30 Year mortgages fell from 6.13 to 5.87. 15 Year rates fell from 5.6 to 5.27. It looks like lenders are trying to stay away from ARMS due to the heavy losses they are taking from ARM's from foreclosures. … (2 comments)
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