Mortgage Commentary Mortgage rates dipped last week to a two month low. But we'll likely see them bounce back up in response. Additionally, there is no indication they will go down any further. Inflation is the key driver here, despite the weak economy, and it's not letting up as the summer gets
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05/27/2008
Current Rates*: 30 Year Fixed - 6.25% with Zero Points Jumbo 30 Year Fixed - 7.75% with .5 Points 15 Year Fixed - 5.875% with Zero Points FHA /VA 30 Year Fixed - 6.25% with Zero Points*Rates and fees accurate as of 5/23/08. Rates and fees subject to change without notice. This is not an advertis
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05/27/2008
Anyone who has ever had an FHA insured mortgage may be due a refund on part of the mortgage's insurance premium or a share of the earnings. You may be eligible for a refund of a portion of the insurance premium from HUD/FHA if you: acquired your loan AFTER September 1, 1983 paid an upfront mortg
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05/26/2008
Mortgage Commentary Mortgage interest rates ticked slightly higher last week, and we will likely see the same this week. Not much economic news is due out this week, and that which is will likely put inflationary pressures on the market, pushing rates even higher. In the present environment, it's
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05/19/2008
Current Rates*: 30 Year Fixed - 6.125% with Zero Points Jumbo 30 Year Fixed - 7.50% with .5 Points 15 Year Fixed - 5.625% with Zero Points FHA /VA 30 Year Fixed - 6.125% with Zero Points*Rates and fees accurate as of 5/16/08. Rates and fees subject to change without notice. This is not an advert
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05/18/2008
Looking Back Interest rates ended up moderately after what had looked like a good week. Stronger than expected Housing Starts (+8.2% in April) erased all the gains from earlier in the week. In other news, the price of single-family homes dropped 7.7% nationwide in the first quarter of ‘08. This
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05/18/2008
Mortgage Commentary We saw rates shed a few basis points last week. We don't expect that to continue, especially with oil prices rising along with inflation concerns. Inflation concerns - what with oil trading at $120 a barrel - appear to be behind the pressure. Try as they might, mortgage bonds
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05/12/2008
Current Rates*: 30 Year Fixed - 6.125% with Zero Points Jumbo 30 Year Fixed - 7.50% with .5 Points 15 Year Fixed - 5.625% with Zero Points FHA /VA 30 Year Fixed - 6.125% with Zero Points *Rates and fees accurate as of 5/9/08. Rates and fees subject to change without notice. This is not an advert
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05/11/2008
Looking Back The swelling tides of higher mortgage interest rates started to recede last week as investors waded back into the waters. Fannie Mae reported a $2.2 Billion loss for the first quarter, and issued a warning of a "severe weakness" in the housing market. They also predicted a 7-9% nati
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05/11/2008
Mortgage Commentary Rates ticked down slightly last week. As a reaction, we expect rates to tick back up. Inflation concerns still permeate the economy, especially as summer approaches and energy and food prices skyrocket. To ensure adequate returns on investment, mortgage investors will deman
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05/05/2008
