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Rates below represent an AVERAGE. Specific loan rates will vary depending on loan application parameters.
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    Tag: lock my rate

    Rate Update August 19, 2009

    Yesterday afternoon mortgage rates increased but have reversed lower this morning to match levels yesterday’s ‘rate update’. Mortgage rates improved this morning in response to weaker equity markets around the world.  The Chinese Shanghai Composite Index lost 4.3% overnight.  It is now off 20% in the past 2 weeks.  Here in the US stocks opened [...]

    Rate Update July 28, 2009

    Mortgage rates are unchanged from yesterday. As I explained in yesterday’s ‘rate update’ we are closely watching the level of foreign participation in this week’s US Treasury auctions.  Today there will be $42 billion in US T-bills sold to the market.  We wouldn’t surprised to see mortgage rates increase due to the additional supply of [...]

    Rate Update July 27, 2009

    Mortgage rates are unchanged from Friday. This week’s schedule for US Treasury fixed-income securities auction: The US Treasury is scheduled to sell a high volume of T-bills, notes, and bonds this week. On Monday, $6 billion in Treasury-inflation-protected 19.5-year notes will be auctioned; along with $32 billion in 13-week bills and $31 billion in 26-week [...]