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

    Rate Update August 4, 2009

    Mortgage rates are close to unchanged from yesterday but still threaten to move higher. The Commerce Department released the Personal Consumption Expenditure (PCE) report today.  It showed that consumer prices, excluding volatile food and energy prices, fell by 1.5% last month.  All in all the inflation data was tame which is a relief to the [...]

    Rate Update July 24, 2009

    Mortgage rates are unchanged from yesterday (mortgage rates moved modestly higher yesterday. See this morning’s you tube video to learn more about the cause of mortgage rates increasing and what we can laern from it. The chart below shows mortgage rates ticking higher after hitting a low:

    Rate Update July 17, 2009

    Mortgage rates opened up level with yesterday but appear poised to move higher this afternoon in response to a small rally in the stock market. Signs of economic stabilization have helped stocks move into positive territory. The Commerce Department reported this morning that housing starts in the month of June increased by 3.6% which is [...]