As you have probably heard, there’s news regarding Fannie Mae (FNM) and Freddie Mac (FRE) everywhere we look today and over the weekend. One fear is that a collapse of either would, in the long run, send mortgage rates up. More broadly, it would lead to the further deterioration in confidence in
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07/14/2008
A good week overall for rates with a dip in the last couple days. Hope you had a great week as well and I look forward to sharing a closing table with you soon!!! Today's Rates (zero points and no origination) 30 Yr Fixed Conforming (95%) – 6.5% 15 Yr Fixed Conforming – 5.875% 30 Yr Fixed Jumbo 7
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07/10/2008
The Feds did indeed hold rates steady this time around. I think that is good and hope for a couple more decisions just like that the next times they meet on August 5 and September 16. Rates this week have stayed within .125% up or down of where they were last week and the 6 Month Libor nudged a b
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06/27/2008