mortgage rates: Mortgage Rates Highest Since 2011 But Dropping In Volume - 08/30/13 05:35 AM
In the fourth week of August 2013 mortgage applications have decreased significantly.  The Mortgage Bankers Association reported that applications were down 2.5% compared to a week prior.
Refi’s also decreased by 5% in the same period. 
The average 30 year fixed rate mortgage, FRM, is currently 4.8% which is the highest rate yet since April 2011.  30 year jumbo rates also climbed slightly from 4.74% to 4.78%.
If you keep an eye on GSE loans, FHA 30 year fixed rate mortgages are now at 4.52% from 4.40% within that same week.
15 year FRM’s nudged their way closer to … (0 comments)

mortgage rates: Getting Into A Bubble Is Easy...Getting Out, That's A Different Story - 05/27/12 07:53 PM
For so many reasons, some noble and some quite far from it, our country and it's economy are still struggling with the financial morass that has ensued since the great recession of 2008.  Similar, but far less grand, than the bust that occurred around Y2K, things are not good and are not showing signs of quickly getting better.  Yet different than previous economic downturns is the magnitude and severity of this 'bottom'.
At the time, so many things seemed so easy...the stock market was setting new highs, the bond markets were setting new records (both in volume of issuance and diversity … (1 comments)