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Mortgage Rates Update > 11/07/13

Graph of 30-Year Conventional Mortgage Rate
Major U.S. mortgage markets were quiet on Thursday ahead of Friday’s much anticipated Employment Situation Report. The bond market has been fluctuating since the government shutdown in October and Friday’s reporting will surely have a strong effect as well.

The average 30-year fixed rate held steady at the 4.30% range, as did the average 15-year fixed rate which held at the 3.37% range. The average 30-year FHA rate rose slightly to the 3.96% range. And the average 5/1 year ARM dropped a bit to the 3.22% range.

Mortgage Rates Update > 11/06/13

Mortgage Rates had a relatively quiet day and saw little change on Wednesday ahead of economic data being released Thursday and Friday. Rates are already at mid-October highs and Thursday’s 3rd Qtr GDP report, delayed from the government shutdown, … [Continue reading]

Mortgage Rates Update > 11/05/13

Mortgage Rates increased quickly on Tuesday to levels not seen since the worst days of the government shutdown. This time increases come with the release of more promising economic data from The Institute for Supply Management’s Non-Manufacturing … [Continue reading]

Mortgage Rates Update > 11/04/13

Mortgage Rates begin the week holding steady after an up and down ride last week. There were no significant events or headlines to move financial markets and the Mortgage-Backed Securities had a relatively calm day. More Factory Order data is due out … [Continue reading]

Mortage Rates Update > 11/01/13

Mortgage Rates streaked upwards today amid promising economic data released by the National Institute for Supply Management. Higher interest rates are usually the sign of a good, or in our case improving economy. As individuals and corporations … [Continue reading]

Mortgage Rates Update > 10/30/13

Already at four month lows, U.S. Mortgage Markets began the day on the downward trend again. But, an afternoon announcement by the Fed to continue its bond buying program almost immediately halted all the momentum and sent rates back up to levels … [Continue reading]

Mortgage Rates Update > 10/29/13

Mortgage Rates hold steady for yet another day, staying in line with the lowest levels in four months. Most insiders don’t see any real change until the next employment situation report, set to be out next Friday. However some precursor reports will … [Continue reading]

Mortage Rates Update > 10/28/13

Mortgage Rates held steady today, staying with the lowest levels seen in four months. There were no significant events or headlines to move financial markets and the Mortgage-Backed Securities had a relatively calm day. The average 30-year fixed … [Continue reading]

Mortgage Rates Update > 10/28/13

Mortgage Rates held steady today, staying with the lowest levels seen in four months. There were no significant events or headlines to move financial markets and the Mortgage-Backed Securities had a relatively calm day. The average 30-year fixed … [Continue reading]

Mortgage Rates Update > 10/25/13

The markets were still yet again today, ending the second consecutive week of substantial improvement. These improvements in mortgage rates can be attributed to several factors of the improving economy; one of these is actually lay-offs. Bank of … [Continue reading]