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Rates below represent an AVERAGE. Specific loan rates will vary depending on loan application parameters.
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    Tag: Sept 24 mortgage rates

    Rate Update September 25, 2009

    Mortgage rates are essentially unchanged from yesterday.
    Mortgage rates have had a nice run in the past month and a half but we think it’s times to call the bottom.  We are going to shift our outlook to locking.
    The main reason for this is the Fed’s indication that they would gradually unwind their involvement in the [...]

    Rate Update September 24, 2009

    Mortgage rates appear modestly better this morning.
    As was expected the Fed announced yesterday that they would leave short-term interest rates unchanged.  They also commented, “the Committee expects that inflation will remain subdued for some time.”  As we know a lack of inflation is good for mortgage rates.
    Also good for the outlook of mortgage rates was [...]