November 05, 2008
The first report released in November by the Mortgage Bankers Association shows fixed mortgage rates are trending on an upward pace.
Mortgage Rate Forecast For November 2008
November 01, 2008
Mortgage rates have seen some wild swings over the past couple of weeks which has lead rate in November opening the month out just below 6.5 percent for the 30 year fixed mortgage rate. With the credit and financial markets in such turmoil is it possible to see a 7 percent 30 year fixed mortgage rate or will the positive trend of home sales keep mortgage rates down?
Mortgage Rates Improve Slightly
October 29, 2008
Fixed mortgage rates decreased for the second week in a row as the Federal Reserve cut key interest rates by half of a percentage point.
Mortgage Rates Settle Back Down
October 23, 2008
After the largest increase in mortgage rates in 21 years last week, lower than expected inflation and weak housing data allowed mortgage rates to ease, according to Freddie Mac’s Primary Mortgage Market Survey.
Mortgage Rates And Applications Drop
October 22, 2008
After a record jump in mortgage rates last week, fixed mortgage rates take a tumble according to the Mortgage Bankers Association. Mortgage applications also took a tumble as the US economy remains uncertain.
Mortgage Rates Jump
October 20, 2008
A slowing U.S. economy has fixed mortgage rates starting the week out .50 percentage points higher than last week according to Freddie Mac’s Primary Mortgage Market Survey.
Mortgage Rates Skyrocket
October 17, 2008
Volatility in the financial markets sent fixed and adjustable mortgage rates over 6 percent, according to the latest survey from the Mortgage Bankers Association.
Fixed Mortgage Rates: How Low Will They Go In October
October 13, 2008
Fixed and Adjustable mortgage rates will start the week of October 13th out on a 3 week downward trend. Market trends also suggest that mortgage rates will continue to descend throughout the month.
Fixed Mortgage Rates On Downward Trend
October 08, 2008
For the second consecutive week fixed mortgage rates have declined, according to the latest survey from the Mortgage Bankers Association. The decline in mortgage rates accompanied by a surge in pending home sales may be the right combination to a slow but steady housing recovery.
Bernanke Hints At Rate Cut
October 07, 2008
In an address to the National Association for Business Economics, Federal Reserve chairman Ben S. Bernanke suggests that the US economic outlook for the remainder of the year is dismal at best, largely due to a weak housing market.
Fixed Mortgage Rates Hold Steady
October 06, 2008
Fixed mortgage rates remain relatively unchanged as a turbulent credit crisis has brought down the stock market to its lowest level in 4 years.
Fixed Mortgage Rates Descend First Week Of October
October 02, 2008
Fixed mortgage rates edge down slightly as Congress continues to work on passing a mortgage bailout bill. However, uncertainty in home values led to a 23 percent decline in mortgage applications throughout the week, according to the Mortgage Bankers Association.
Mortgage Rate Forecast For October 2008
September 27, 2008
The last mortgage rate surveys from the Mortgage Bankers Association and Freddie Mac’s Primary Mortgage Markey Survey showed fixed mortgage rates increasing over a quarter of a percent. Factors that will play a major role in determining what mortgage rates will do throughout the month of October includes Congress’s passing of a mortgage bailout bill, the Federal Reserves decision on interest rates and consumer confidence in home values.
Mortgage Rates Skyrocket After Bailout Proposal
September 25, 2008
Uncertain times in the U.S. economy accompanied by slowing home sales and softening home values prop the 30 year fixed mortgage rate to its largest one week increase since mid July.
Fixed Mortgage Rates Jump Over 0.25 Percent
September 24, 2008
As the U.S. government continues to intervene with ailing mortgage companies, investors began to dump U.S. debt which has helped drive mortgage rates back on the upward trend.
Mortgage Rates Continue Downward Slide
September 4, 2008
Mortgage rates for both fixed and adjustable mortgage fell in the first reading of Freddie Macs Primary Mortgage Market Survey for the month of September. The possibility that consumer spending may slow in the upcoming months may help mortgage rates continue their downward momentum.
Mortgage Rates Mixed As Applications Jump
September 3, 2008
Today the Mortgage Bankers Association’s weekly release of its Weekly Mortgage Applications Survey show some signs of a housing market recovery. However, there is still a long ways to go before the market fully recovers from on of the most significant downturns in the real estate industry.
Fixed Mortgage Rates Hit A 6 Week Low
September 2, 2008
Signs of a recovering housing market and an ever weakening US economy have long term mortgage rates dropping to their lowest levels since July 17th, according to Freddie Macs Primary Mortgage Market Survey. However, adjustable mortgage rates rose as the Federal Open Market Committee hinted on increasing rates in the near future.