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Rates below represent an AVERAGE. Specific loan rates will vary depending on loan application parameters.
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    Tag: 2010 mortgage rates

    Rate Update March 1, 2010

    Most mortgage rates remain low this morning.
    News that Germany and France are leading a consortium of countries to bail out Greece is threatening the “flight-to-safety” trade which has helped mortgages rates remain low here in the US over the past week.  If details are published and appear credible I [...]

    Rate Update February 4, 2010

    Mortgage rates are slightly better this morning.  Fixed mortgage rates have now remained at the 4.875%-5.00% level since mid-January.
    Whenever we see mortgage rates remain within a tight range for an extended period of time we grow increasingly concerned about a “break-out” which is when MBS prices move acutely in a short-time frame.  The catalyst for [...]

    Rate Update January 22, 2010

    Mortgage rates are unchanged from yesterday.
    The US Treasury announced yesterday that they would auction $118 billion in note supply next week. The size of the auctions was in line with expectations so it did not impact the markets.
    Since the beginning of January mortgage rates have improved along with the yields on longer duration fixed [...]