The average 30-year fixed-rate mortgage fell 6 basis points in Freddie Mac’s weekly survey. A more steep decline was recorded for the five-year, Treasury-indexed, adjustable-rate mortgage: 13 BPS. The one-year Treasury-indexed ARM was down 18 BPS. View full post on Mortgage Stories
Fixed Rates Hit 2011 Low, ARMs Up
Posted by | Posted in improve credit | Posted on 20-05-2011
The average 30-year fixed-rate mortgage was down for the fifth straight week, according to Freddie Mac’s latest Primary Mortgage Market Survey . It was the lowest level of the entire year for the 30-year. But Freddie said that the one-year Treasury-indexed adjustable-rate mortgage averaged 4 basis points more this week than in the previous survey. [...]
New Loans Could Raise The Price Of Homeownership
Posted by | Posted in clean credit | Posted on 27-03-2011
The federal government is reshaping the mortgage market and there’s strong political support for requiring consumers to make 10 percent to 20 percent down payments. It could also mean the end of the 30-year fixed-rate mortgage in favor of a shorter-term home loan. View full post on All Stories
The average 30-year fixed-rate mortgage was 1 basis point higher this week in Freddie Mac’s latest Primary Mortgage Market Survey . Based on movement in the 10-year Treasury yield, rates appear headed even higher. Meanwhile, new mortgage activity fell 15 percent this week basd on the most recent Mortech-Mortgage Daily Mortgage Market Index report. View [...]
Across-the-Board Decline in Rates; Refis Rise
Posted by | Posted in improve credit | Posted on 14-01-2011
The average 30-year fixed-rate mortgage fell 6 basis points in this week’s survey from Freddie Mac. Also lower were the 15-year fixed rate, the five-year Treasury-indexed adjustable-rate mortgage and the one-year Treasury-indexed ARM. If the Mortgage Market Index is any indicator, mortgage originations will soon be higher. View full post on Mortgage Stories
Activity Up Despite Rising Rates
Posted by | Posted in improve credit | Posted on 09-12-2010
The Mortech-Mortgage Daily Mortgage Market Index for the week ended Dec. 18 rose to 260 from 188 a week earlier. The conventional 30-year fixed-rate mortgage averaged 4.68 percent this week, climbing from 4.51 percent. Although mortgage rates jumped, refinance activity picked up. View full post on Mortgage Stories
Bad Week for Mortgage Market
Posted by | Posted in improve credit | Posted on 18-11-2010
New mortgage activity was down 6 percent, based on the Mortech-Mortgage Daily Mortgage Market Index for the week ended Nov. 17. The decline in activity was tied to a drop in refinances, with total refinance share falling. Meanwhile, the conventional 30-year fixed-rate mortgage surged 23 basis points from a week earlier. View full post on [...]
Activity Improves as Rates Retreat
Posted by | Posted in improve credit | Posted on 07-10-2010
The Mortech-Mortgage Daily Mortgage Market Index for the week ended Oct. 6 was 297, strengthening from 284 the prior Wednesday. Refinances were behind the increase, with refinance share edging up to 59 percent from 58 percent one week earlier. The conventional 30-year fixed-rate mortgage slipped 3 basis points to 4.256 percent this week. View full [...]
Factors to Consider When Getting a Mortgage Loan
Posted by | Posted in people credit | Posted on 02-08-2010
If you are looking for an advantageous and beneficial home mortgage loan, there are indisputably a lot of aspects of the process that may be new to you. There are terms that are relevant to loans that have dissimilar meanings from the words that you use in your daily life.
Home Mortgage Loan – Tips For Reviewing Loans
Posted by | Posted in people credit | Posted on 19-07-2010
When you are in the process of obtaining a home mortgage loan, there are undoubtedly many aspects of the process that are new to you. The language that applies to loans, for instance can be different from the meaning applied to the same term in everyday life. It is far better to review each clause of the prospective loan document as soon as you have access to it and make certain that you understand the terms that are used and how they apply to your own financial situation.