Rates below 5% | MD | VA | DC

Rates have improved after a brutal week last week. Expect more volatility this week as the Fed ends its MBS purchase program on Wednesday

Interest rates poised to rise

Interesting article on the impending rise of interest rates

NEW YORK (CNNMoney.com) -- There's still time to get a 5% mortgage -- but
the window is closing.
On April 1, the government will stop buying
mortgage-related debt, which will send interest rates slowly higher...

While no one knows how much rates will rise, or if they will rise at all, we do seem to have a consesus that interest rates will not be going down. If you have a rate of 5.5% or greater, now is the time to act.

Mortgage rates 3/24/10

***ALERT*** due to deteriorating market conditions, mortgage rate reprices for the worse are imminent. Please check mortgage rates daily @ http://www.marylandmortgagerate.net/mortgage-rate-blog

3/18 Maryland Virginia DC mortgage rates

TODAY'S MORTGAGE RATES : MD, VA & DC

Mortgage Rates 3/18/2010 updated 1:40 pm EST

FHA 30 yr Fixed rate mortgage
4.75% .375 points
FHA JUMBO 30 yr fixed rate mortgage $417,000-$729,750
4.875% .25 points
FHA Streamline mortgage rate
4.875% zero points
FHA JUMBO streamline mortgage rate $417,000-$729,750
5% zero points
FHA 5/1 Adjustable Rate Mortgage (ARM) 1/5 Caps
3.75% .5 points
FHA 5/1 JUMBO Arm rate 1/5 caps
3.875% 1 point
FHA 203k Rehab loan
5.25% 1point
VA (dept. of Veteran Affairs) 30 yr fixed rate
4.75% .625 points
Fannie Mae/Freddie Mac 30 yr fixed rate
4.75% .625 points
Fannie Mae/Freddie Mac JUMBO 30 yr fixed rate $417,000-$729750
5% .125 points
Fannie Mae/ Freddie Mac 5/1 Conforming ARM rate
3.375% 1 points
Fannie Mae/Freddie Mac 5/1 Interest Only ARM rate
3.625% 1 point
100% USDA rural development 30 yr fixed interest rate
5.125% no points
Super Jumbo portfolio 5/1 ARM up to $1.5 million
4.125% 1 point

Fed fund rate unchanged, but....

This does not mean that mortgage rates are going to remain below 5% for an extended period of time. In our McCulture, we have a tendency to read only the headlines. It is important that you read deeper into the entire Fed statement to form an opinion as to where rates will go from here.

First you must understand that the Fed fund rate and mortgages rates are not the same thing. The reason that 30 yr fixed rates have hovered at or below 5% for the better part of a year is due to the Fed's mortgage backed securities purchase program. This program is set to conclude on March 31st. At that time, the Fed expects a modest rise in interest rates. What that means exactly, remains to be seen. History tells me that since we are working in a 4.875%-5.125% range on fixed rates, we can expect to be in a 5.25%-5.5% range very shortly. Rates should then rise at a measured pace. What this means if you are.....

Purchasing a home?

If you are purchasing your home, this is not that big of a deal. You should move quickly, but slightly higher rates may actually give you additional bargaining power. If you are buying your first home, you should definitely be moving quickly to take advantage of the first time homebuyer tax credit.

Waiting to refinance?

If you are one of the many who are waiting for a 4.5% 30 yr fixed rate, you should act now. It is very likely that the 4.5% ship left the port and is not coming back.

Upside down and do not think you can refinance?

There is another group of homeowners that does not even think that it is possible for them to refinance due to having little or no equity. This is not necessarily the case; as part of the HARP program it is possible for "upside down" homeowners to refinance at a lower interest rate without mortgage insurance. You should contact a trusted lender today.

The bottom line:

Rates will go up, as you have been hearing for months. With the Fed pulling out of the MBS market and the traditionally strong spring housing market upon us, the probability of mortgage rate increases seems to be more likely than ever.

3/16/10 updated Mortgage Rates Maryland, Virginia, DC

TODAY'S MORTGAGE RATES : MD, VA & DC
Updated 11:45 am

All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.

Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 million

http://www.marylandmortgagerate.net/todays-interest-rates

All rates listed below are zero or low point rate quotes. Please contact me for a NO COST REFINANCE mortgage quote, or a quote "buying down your interest rate"
Mortgage Rates 3/15/2010 updated 12:15pm EST

FHA 30 yr Fixed rate mortgage
4.875% no points
FHA JUMBO 30 yr fixed rate mortgage $417,000-$729,750
5% zero points
FHA Streamline mortgage rate
4.875% zero points
FHA JUMBO streamline mortgage rate $417,000-$729,750
5% zero points
FHA 5/1 Adjustable Rate Mortgage (ARM) 1/5 Caps
4% zero points
FHA 5/1 JUMBO Arm rate 1/5 caps
4% 1 point
FHA 203k Rehab loan
5.25% 1point
VA (dept. of Veteran Affairs) 30 yr fixed rate
4.875% .5 point
Fannie Mae/Freddie Mac 30 yr fixed rate
4.875% .25 points
Fannie Mae/Freddie Mac JUMBO 30 yr fixed rate $417,000-$729750
5% .5 points
Fannie Mae/ Freddie Mac 5/1 Conforming ARM rate
3.5% 1 points
Fannie Mae/Freddie Mac 5/1 Interest Only ARM rate
3.75% 1 point
100% USDA rural development 30 yr fixed interest rate
5.25% no points
Super Jumbo portfolio 5/1 ARM up to $1.5 million
4.125% 1 point

Compare my rates to : Suntrust Mortgage, Wells Fargo home loans, Bank of America , Navy Federal Credit Union mortgage or anyone else. You will find that my rates and points will almost always beat anyone!

Josh Burley FHA, VA , Conforming loan officer serving MD, VA and DC
301.663.8087 x 231 direct joshburley@gofirsthome.com

Today's mortgage rates 3/15

TODAY'S MORTGAGE RATES : MD, VA & DC
Updated 2:45 pm 3/15/10

All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.

http://www.marylandmortgagerate.net/todays-interest-rates


All rates listed below are zero or low point rate quotes. Please contact me for a NO COST REFINANCE mortgage quote, or a quote "buying down your interest rate"
Mortgage Rates 3/15/2010 updated 12:15pm EST

FHA 30 yr Fixed rate mortgage
4.875% no points
FHA JUMBO 30 yr fixed rate mortgage $417,000-$729,750
5% zero points
FHA Streamline mortgage rate
4.875% zero points
FHA JUMBO streamline mortgage rate $417,000-$729,750
5% zero points
FHA 5/1 Adjustable Rate Mortgage (ARM) 1/5 Caps
4% zero points
FHA 5/1 JUMBO Arm rate 1/5 caps
4% 1 point
FHA 203k Rehab loan
5.25% 1point
VA (dept. of Veteran Affairs) 30 yr fixed rate
4.875% .5 point
Fannie Mae/Freddie Mac 30 yr fixed rate
4.875% .25 points
Fannie Mae/Freddie Mac JUMBO 30 yr fixed rate $417,000-$729750
5% .5 points
Fannie Mae/ Freddie Mac 5/1 Conforming ARM rate
3.5% 1 points
Fannie Mae/Freddie Mac 5/1 Interest Only ARM rate
3.75% 1 point
100% USDA rural development 30 yr fixed interest rate
5.25% no points
Super Jumbo portfolio 5/1 ARM up to $1.5 million
4.125% 1 point

Mortgage rates 3/11/10

Click here for Today's updated mortgage rates

http://www.marylandmortgagerate.net/todays-interest-rates

Today's mortgage rate 3/10/10

TODAY'S MORTGAGE RATES : MD, VA & DC
Updated 2pm 3/10/10

Please check out my new mortgage info site. I'm in the process of making it a one stop site for all of your mortgage question.

All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.

Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 million

Adjustable Rate Mortgage (ARM) Rates
5 yr FHA ARM from 3.625%
5 yr Conforming ARM from 3.5%
5 yr Jumbo ARM from 4%

30 yr fixed rate mortgage below $417,000
4.875% 0 points
5.125% NO POINTS $1000 closing cost credit

Fannie Mae JUMBO mortgage30 yr fixed rate(up to $729,000)
4.8750% .625 points
5.% .25 points

FHA mortgage rates and VA mortgage rates (up to $417,000) /FHA Streamline rates
4.875% no points
5.25% NO POINTS up to $3500 in closing cost credit
Call for pricing on NO SCORE and NO COST streamline refinances

VA Streamline mortgage Rates
5.000% NO POINTS

FHA JUMBO mortgage rates (up to $729,000)
5% NO POINTS
5.25% NO POINTS NO CLOSING COST REFINANCE

FHA JUMBO STREAMLINE mortgage (Up to $729,000)
5.00% No points
5.25% NO POINTS- No Closing Cost!

Contact Josh Burley today
240-663-8087 x231

Mortgage rates 3/9/10 - 4.875% NO POINTS!

TODAY'S MORTGAGE RATES : MD, VA & DC
Updated 2:45 pm 3/9/10


All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.

Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 million

Adjustable Rate Mortgage (ARM) Rates
5 yr FHA ARM from 3.75%
5 yr Conforming ARM from 3.5%
5 yr Jumbo ARM from 4%

30 yr fixed rate mortgage below $417,000
4.875% No Points!
5.25% No points $3,000 closing cost credit

Fannie Mae JUMBO mortgage 30 yr fixed rate(up to $729,000)
5% .25 points
5.25% NO POINTS $3000 closing cost credit

FHA mortgage rates and VA mortgage rates (up to $417,000) /FHA Streamline rates
4.875% no points
5% NO POINTS $1,000 closing cost credit
Call for pricing on NO SCORE and NO COST streamline refinances

VA Streamline mortgage Rates
5.000% NO POINTS

FHA JUMBO mortgage rates (up to $729,000)
5.00% NO POINTS
5.375% NO POINTS NO CLOSING COST REFINANCE

FHA JUMBO STREAMLINE mortgage (Up to $729,000)
5.00% no point
5.25% NO POINTS

Contact Josh Burley today to lock your rate
301.275.7596

Today's mortgage rates 3/8/10 MD | DC | VA

TODAY'S MORTGAGE RATES : MD, VA & DC
Updated 12 pm 3/8/10


All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.

Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 million

Adjustable Rate Mortgage (ARM) Rates
5 yr FHA ARM from 3.875%
5 yr Conforming ARM from 3.5%
5 yr Jumbo ARM from 4%

30 yr fixed rate mortgage below $417,000
4.75% 1 point
4.875% .25 points
5% NO POINTS

Fannie Mae JUMBO 30 yr fixed rate(up to $729,000)
4.8750% .5 point
5.125% NO POINTS

FHA mortgage rates and VA mortgage rates (up to $417,000) /FHA Streamline rates
4.75% 1 point
5% NO POINTS
Call for pricing on NO SCORE and NO COST streamline refinances

VA Streamline mortgage Rates - IRRL
5.000% NO POINTS

FHA JUMBO mortgage rates (up to $729,000)
5.00% NO POINTS
5.25% NO POINTS $4,000 closing cost credit

FHA JUMBO STREAMLINE mortgage (Up to $729,000)
5% no points
5.25% NO POINTS $4,000 closing cost credit!

Contact Josh Burley today to lock your rate
301.663.8087 x231

How to improve my credit

Check out this article from the Washington Post on Saturday. Many consumers have seen a decline in their credit score even though they have never missed a single payment, this article will detail why this is the case and give you tips on how to fix it. If you are one of the many who has missed payments, this will also give you some insight into how the FICO scoring model works, this knowledge will be helpful in you improving your score in the future. If you would like to see if you can be pre-qualified for a mortgage, please contact me today!

Today's mortgage rates!

TODAY'S MORTGAGE RATES : MD, VA & DC
Updated 1:15 pm 3/5/10

All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.

Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only, Super Jumbo mortgages up to $2 million, CDA loans, FHA 203k rehab mortgages, construction loans and many more

Adjustable Rate Mortgage (ARM) Rates
5 yr FHA ARM from 3.75%
5 yr Conforming ARM from 3.5%
5 yr Jumbo ARM from 4%

30 yr fixed rate mortgage below $417,000
4.75% 1 point
4.875% .25 points
5% NO POINTS

Fannie Mae JUMBO mortgage 30 yr fixed rate(up to $729,000)
4.875% .875 points
5.125% NO POINTS

FHA mortgage rates and VA mortgage rates (up to $417,000) /FHA Streamline rates
4.75% .625 points
4.875% NO POINTS
Call for pricing on NO SCORE and NO COST streamline refinances

VA Streamline mortgage Rates
5.000% NO POINTS

FHA JUMBO mortgage rates (up to $729,000)
5.00% NO POINTS
5.25% NO POINTS $3500 closing cost credit

FHA JUMBO STREAMLINE mortgage (Up to $729,000)
5.00% no point
5.25% NO POINTS $4,000 closing cost credit


Contact Josh Burley today to lock your rate
301.275.7596

Great mortgage rates today!

TODAY'S MORTGAGE RATES : MD, VA & DC
Updated 3 pm 3/4/10


All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.

Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 million


30 yr fixed rate mortgage below $417,000
4.75% .75 point
4.875% No points
5.125% NO POINTS - $2,000 closing cost credit!

Fannie Mae JUMBO mortgage 30 yr fixed rate(up to $729,000)
5% .25 point
5.125% NO POINTS
5.25% No points $2,000 closing cost credit

FHA mortgage rates and VA mortgage rates (up to $417,000) /FHA Streamline rates
4.75% .625 points
4.875% .125 points
5% No points $1200closing cost credit for loans over $250,000
Call for pricing on NO SCORE and NO COST streamline refinances

FHA JUMBO mortgage rates (up to $729,000)
5.00% NO POINTS
5.25% NO POINTS $4,000 closing cost credit

FHA JUMBO STREAMLINE mortgage (Up to $729,000)
5.00% No points
5.25% NO POINTS up to $5,000 in closing cost credit

Contact Josh Burley today to lock your rate
301.275.7596