Mortgage Rates on the Rise?


-+*According to data recently released by Zillow, 30 year fixed mortgage rates are currently around 3.73%. After rising to 3.83% over the course of last week, they dropped slightly at the start of this week. “Rates remained flat for most of last week but jumped sharply after Friday’s exceptionally strong jobs report, before easing back […]

With 30-year mortgage rates falling, is it time to refinance?


-+*In October, 30-year mortgage rates fell to levels last seen in June 2013. It all started in the week of October 16, when the bellwether rate hit 3.97 percent, according to Freddie Mac, down from the previous week’s 4.12 percent. The decline didn’t stop there. In the following week, the rate fell to a 3.92 […]

Rising Mortgage Rates: Three Things To Keep an Eye On

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-+*Thanks to historically low mortgage interest rates, many have been able to live the American dream and purchase a home. Mid-September figures for the 30-year fix-rate mortgage had a national average of 4.28 percent but we all know good things come to an end. Just as 2015 comes around the corner, many real estate professionals and economists […]

Mortgage Rate News for Friday, November 21, 2014

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-+*So guess what happened yesterday?  Not a whole lot.  Despite a slew of economic data that was on balance pretty decent, our markets held their ground, and mortgage rates ended the day virtually unchanged.  On the whole, mortgage rates improved a bit this week, with the average 30-year fixed-rate mortgage falling to 3.99% according to […]

Mortgage Rate News for Friday, November 14th, 2014

mortgage rates

-+*Morning meetings have taken me away from my blogging activities the past couple days, and in the interim period, not a whole lot happened.  Mortgage rates got a little worse after Veteran’s Day, but have levelled off since that time.  Freddie Mac’s Primary Mortgage Market Survey found the average rate on a 30-year fixed-rate mortgage […]

Mortgage Rate News for Monday, November 3, 2014


-+*“Day after day, day after day, we stuck, nor breath nor motion; as idle as a painted ship upon a painted ocean.” -Samuel Taylor Coleridge Taylor, The Rime of the Ancient Mariner. Once again, last week was kind of a boring one for mortgage rates.  Save for the excitement of October 15th, it’s been kind […]

Mortgage Rate News for Friday, October 24, 2014


-+*After last week’s dramatic drop, mortgage rates have continued to decline at a more sedate pace. For you, that means lows not recorded since June of 2013. The average rate for 30-year fixed-rate mortgages fell to 3.92%, down from 3.97% last week. 15-year fixed-rate mortgages were down 10 basis points to 3.08%, and 5/1 ARMs dropped only […]

Are Lenders Easing Up on Jumbo Mortgage Loan Requirements?


-+*In today’s real estate market, lenders are hungry for borrowers who are looking to take on jumbo mortgages. As a result, some lenders have loosened their requirements when it comes to what it takes to qualify. Underwriting is more strict than it was years ago because of new laws lenders must abide by that were passed […]