Mortgage rates have risen steadily since November of 2010 and after five straight days of deterioration the best execution for 30 Year Fixed Conventional loans is now hovering around 4.875%-5.125% , depending on the credit rating of the borrower and fees on the loan. Rates are expected to continue to rise as the market for Mortgage Backed Securities transitions from the 4.5 coupon to the 5.0 coupon. New loan [...] Read more
Tag Archives: mortgage rates
Mortgage Interest Rates At Ridiculously Low Levels
It’s been awhile since I posted but I’ve been able to get a couple free minutes and had to point out what’s happening in the mortgage industry these days. Over the past week Treasury Notes and Mortgage Backed Securities keep gaining in appeal as investors move out of the stock market into the safety they [...] Read more
Seattle Mortgage Rates & News For The Beginning of April – Rates Rising!
I mentioned throughout February and March that the end on March 31st of the Federal Reserve’s program to purchase mortgage backed securities would impact mortgage rates in a negative way. What was interesting to witness was the rise in rates starting several days before the end of the program. Positive economic reports and other financial data [...] Read more
Seattle Mortgage Rates & News For The Week of March 22nd
As we get closer and closer to the end of the Federal Reserve’s Mortgage Backed Security Purchase Program on March 31st the going sentiment has been that mortgage rates will go up. Unfortunately there has been activity in the market this week which has already put rates on the rise. It started on Tuesday with [...] Read more
Seattle Mortgage Rates For The Week of March 8th
It’s been a fairly bland week in terms of mortgage rate activity, although that’s a good thing when rates are hovering between 4.75 and 5%. After two dataless days to start the week and little or no movement in mortgage rates, action picked up on Wednesday. Mortgage rates opened the day lower and after a big turnout at the 10 [...] Read more
Seattle Mortgage Rates For The Week of March 1st
Wow, March 1st is already here and the countdown has begun to the Federal Reserve’s exit from mortgage backed securities purchasing at the end of this month. We ended last week with some pretty good rates and things have continued to be positive for mortgage rates this week as well. The data this week has [...] Read more
