One week after posting its lowest mortgage rate in 50 years, Freddie Mac reports that the 30-year fixed rate mortgage rose by an average of 7 basis points nationwide this week to 4.22 percent.
Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here's a chart that proves it.
According to Freddie Mac's weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage fell to 4.39% this week -- the lowest 30-year fixed reading since November 18, 2010.
The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There's never been a better time to lock an ARM.
Mortgage rates have dropped 8 weeks in a row. Not even last year's Refi Boom produced an 8-week winning streak. This season's streak is historic.
In this back-to-basics interview, you'll learn some mortgage planning basics to help you get smarter with your next home loan -- purchase or refinance.
Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult.
Among the most challenging aspects of shopping for a mortgage is how rates change constantly. It's hard to pin them down. Especially when geopolitics are involved.
The interest rate gap between fixed-rate mortgages and adjustable-rate mortgages is growing. It peaked 2 weeks ago, but remains huge at 1.16 percentage points.
If you've ever explored the idea of using a 15-year fixed rate mortgage for your home, the math is in your favor today. Talk to your loan officer before rates start rising.
As of this morning, mortgage rates are higher over 9 consecutive days, marking the longest mortgage rate losing streak in the last 6 years, at least.
Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.