Tuesday, October 25, 2011
Mortgage Rates 10/25/11
Rates have remained pretty flat over the past week. Best execution conforming loans are right around 4%, best ex. FHA and VA around 3.875% with 3.75% available with some lenders. Check out all of today's interest rates here or click here to request a rate quote.
Wednesday, October 19, 2011
Mortgage Rates 10/19/2011
Sorry it has been so long since my last post, I have been in the process of transitioning my mortgage loan officer licenses over to Allied Home Mortgage. Since the process has been completed, I can begin to once again originate loans and serve you. Mortgage rates are still super low, we are seeing best execution pricing around the 4% mark for conforming and 3.75% for government mortgage loans. Please check out my updated mortgage rate chart and contact me directly with questions. Thanks!
Thursday, September 22, 2011
9/22/2011 Mortgage Rates hit a new low
Virtually all best execution base rates are around 3.75% for the most qualified borrowers. Check out my rate chart for all of today's mortgage rates
Thursday, September 1, 2011
August ending with rates still on the floor
What a month it has been in the markets. We have seen stocks go on a roller coaster rider like no other and 30 year fixed mortgage rates fall below 4% for the first time since....ever. As we head into the fall, we face the same uncertainty that we have been facing for the past 5 years, in the face of uncertainty I would definitely recommend locking in a rate as close to 4% as you can get. Will they get lower? I don't know. I do know that at some point they will mover higher. So go with what you know, that rates are too good to pass up. As always, check out my rate on my mortgage rate chart
Thursday, August 18, 2011
Mortgage rates drop below 4%
That's right, we are seeing mortgage rates @ 3.99% with zero points for best execution 30 yr fixed mortgages. Check out all of today's mortgage rates on my updated mortgage rates chart
Thursday, August 11, 2011
Mortgage Rates 8/11/2011
Mortgage rates have improved yet again, I am cautious of repricing for the worse as the 10 yr treasury market is taking a bit of a hit while the stock market surges today. We are seeing best execution 30 yr fixed rate mortgage pricing below 4% for the first time that I know of. I do recommend locking, I also recommend that you contact me today to lock your rate! Check out my rates on my daily mortgage rate chart.
Tuesday, August 9, 2011
As stocks try to recover, mortgage rates remain strong
We opened today with a strong rally in the stock market, as it is currently up about 180 points. While this is being lauded as a recovery, I do not believe it. All we have done is returned to the same levels that we saw yesterday around 3pm. It does not appear that the treasury market believes it either, as treasuries are only slightly off from yesterday's closing numbers. Mortgage rates are largely unchanged, we have seen small price declines in some buckets, but nothing that should affect the end consumer. These declines will be felt by lender in a slightly reduced margin. Since we are in volatility mode, I do recommend locking your interest rate. I have said it before, you will never regret locking in an interest rate that is below 4.5%! Click here for TODAY'S MORTGAGE RATES
Monday, August 8, 2011
What does the US ratings downgrade mean to mortgage rates?
Well, at least for today it means that they improve. Traditionally speaking, when the stock market suffers, mortgage rates improve as investors move money to the safe haven of the US treasury market. The great unknown going into today was where would the money go now that our credit rating has been downgraded, the answer is that the money is being put into US treasuries. S&P can downgraded us, it does not change the fact that the United States is solid credit bet. The stock market will be very volatile this week and so will mortgage rates, currently we are firmly below 4.5% and seem poised to make a run at 4% 30 yr fixed rates. Check out my mortgage rates daily.
Friday, August 5, 2011
Monday, August 1, 2011
Mortgage Rates 8/1/2011 : Rates IMPROVE!
Check out today's interest rates on my updated mortgage rate chart
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