Interest rates on the 30-year fixed-rate mortgage (FRM) drifted back under 6 percent last week according to the results of Freddie Mac's Primary Mortgage Market Survey released Wednesday morning, a day ahead of the usual schedule due to the Thanksgiving…(read more)
Original post by Jann Swanson
Mortgage rates drifted downward for the third consecutive week according to the results of Freddie Mac's Primary Mortgage Market Survey for the week ended November 20. All of the rates tracked by the survey are now below the averages of one year ago…(read more)
Original post by Jann Swanson
Experts discuss recent trends in mortgage rates.
Original post by mortgage blog
Remember this: Loan officers are not interested in quoting accurate rates. Calling around asking for rate quotes is the silliest shopping method and yet, the widest used. Loan offices know you haven’t a clue about the “real” mortgage rate (what’s called the “par” rate in the industry) because that is difficult data for a consumer to obtain. Therefore, they are free to lie…and lie they do. They know low rate quotes create a lot of application appointments. (more…)
Original post by rkblake
Mortgage Reset Data
Looks like a busy year for sub-prime adjustable to fixed. This will probably boost the use of 40 year and 50 year fixed mortgages as the exotic products are removed from the market.
This chart is from a blog but the original is from
Credit Suisse Fixed Income Mortgage Strategy
http://www.autodogmatic.com/forum/viewtopic.php?p=1226#1226
Original post by mortgage blog