Time To Refinance? Mortgage Rates Down 1.00 Percent Since April

30-year fixed mortgage rates rose last week, marking the first time in a month that rates failed to fall week-to-week. The data sources from Freddie Mac, one of the government’s major mortgage securitizers and a sister entity to Fannie Mae. Each week, Freddie Mac collects mortgage rate data … [Read more...]

Home Affordability Gets A Boost From Weak Back-to-School Retail Receipts

The recent rise in mortgage rates was slowed this week after the government released its Retail Sales report for August. Prior to Tuesday, mortgage rates had been spiking on the resurgent hope for U.S. economic recovery. The sentiment shift was rooted in reports including the Pending Home Sales … [Read more...]

WEEKLY HOT RATES for the week of 7/13/2010 as provided by Guarantee Mortgage

WEEKLY HOT RATES for the week of  7 /13 /2010 as provided by Guarantee Mortgage 30 Yr Fixed Conforming to $417K 4.375% "0.000" POINTS APR = 4.481% 30 Yr Fixed Jumbo to $729,750.      4.625% "0.000" POINTS APR = 4.741% 30 Year Fixed Jumbo to 1 Million 5.750% "0.000" POINTS APR = … [Read more...]