Mortgages Stories

Yesterday marked the first time since late January that Best-Execution Mortgages Rates stood at 4.0% on average, as opposed to what had been the prevailing average of 3.875%. Rates improved today for most lenders, several of whom once again are … Continue reading →

For the first time since late January, Best-Execution Mortgages Rates moved back to 4.0%.  Over the past month, the rate averaged 3.875% despite plenty of fluctuations in terms of closing costs.  Friday’s weakness brought the average of the lenders we … Continue reading →

Mortgages Rates are higher for the 2nd day in a row.  Unlike the movement we normally see, which limits itself to affecting closing costs as opposed to the quoted rates themselves, today’s deterioration leaves 4.0% looking like the better deal … Continue reading →

Mortgages Rates reversed a recent trend of gradual improvement, moving higher today after a better-than-expected read on employment from this morning’s Jobless Claims report as well as news that the ECB will swap out their Greek government bonds this weekend.  … Continue reading →

Mortgages Rates improved again today as domestic economic data failed to inspire markets to move in either direction and optimism over today’s conference call between Greece and its creditors deteriorated.  In general, economic optimism tends to coincide with interest rates … Continue reading →

Mortgages Rates are somewhat improved today after holding relatively steady to begin the week.  In the underlying markets MBS (the “mortgage-backed-securities” that most directly influence mortgage rates) rose to their best levels since last Thursday after today’s Retail Sales figures … Continue reading →

Mortgages Rates held steady over the weekend.  In fact, rates were so steady that our measured averages on Friday were the same as today’s reading, which is a fairly uncommon occurrence.  Friday had been a fairly stable day, and markets traded … Continue reading →

With yesterday’s increases, Mortgages Rates moved to the edge of their recently long and stable stay at a 3.875% Best-Execution level.  While some lenders are still best-priced at 4.0%, the average Best-Execution rate moved back down into 3.875% territory today.  Keep … Continue reading →

Mortgages Rates moved higher today at the quickest pace of the week.  For the second time this year, the 3.875% Best-Execution rate on 30yr Fixed Conventional loans is in question.  If rates move much higher from here, the average Best-Execution rate … Continue reading →

For several sessions in a row, Mortgages Rates have moved in the opposite direction from the previous session, although even the bigger examples of these movements haven’t been enough to nudge 3.875% out of the “best-execution” position.  The same back-and-forth … Continue reading →