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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 16% [...] Can’t decide whether to lock or float your mortgage rate? Let me 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. 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 rates. [...] These days, homes are more affordable than ever as the housing market emerges from a slow winter season and mortgage rates are still near 5 percent. Soft housing and low rates are an excellent combination for home buyers but whereas home values rise with a gradual pace, mortgage rates can change in an instant. [...] 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 [...] By Holden Lewis • Bankrate.com Another week, another record low for mortgage rates. The benchmark 30-year fixed-rate mortgage fell 6 basis points to 5 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. That’s the lowest rate on the 30-year fixed in the [...] Mortgage Rates Hold Near Six Month Lows. Still Locking Loans by Victor Burek – In a volatile session, mortgage rates ended yesterday’s session unchanged as a small rally in benchmark Treasuries helped support the MBS market. Following weaker than expected economic data in the morning, rates rallied. However as profit taking took place later [...] |
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