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Need some help on deciding whether to lock or float your mortgage rate? Let me see if I can help. Each week, I participate in Bankrate.com’s Mortgage Rate survey and this week’s results may help you make a money-saving decision. The Predictions Here’s what the group is saying: 31% predict mortgage rates will increase Scratching your head on where rates are headed? Let me help. Every week, I participate in Bankrate.com’s Mortgage Rate survey and this week’s results may help you time a rate lock and save some money. Conventional and Conforming Mortgage Rates Only The Bankrate.com survey is for conventional, conforming mortgages only. It does not apply to FHA [...] From March’s Fed Minutes, it’s clear that the Fed’s concern about inflation is hugely diminished — a major plus for the mortgage bond market and mortgage [...] Last week mortgage markets closed unchanged (meaning no increase or decrease in rates), but that’s not to say mortgage rates were calm. Monday through Wednesday, rates improved steadily before a swift, late-week sell-off flushed all the gains down the toilet. Mortgage rates have been very low for a very long time, against the [...] We have been having a pretty nice run as of lately, I’ll have to admit: Mortgage rates are super low, home prices are stabilizing, free $$$ from the government is going in our back pockets, and best of all, spring’s right around the corner. Now that the economy is headed a bit more in the right direction, [...] Hope you secured your mortgage rates on your financing this morning as I advised. Results on the 10 year note auction came back and they are pretty bad. If you have time, call your Texas mortgage lender and secure your rate ASAP! When looking for the best Texas mortgage rates , its very important to work with someone who follows the bond and MBS (Mortgage Backed Securities) markets. Now all this may sound like mumbo jumbo, so contact us if you need an easier clarification, however, basically from here on out, I will try to give out [...] Mortgage Rates Hold Near Six Month Lows. Still Locking Loans by Victor Burek – [...] |
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