Mike Lesmeister - CMG Financial - Houston, Texas

  Mortgage rates continued their unprecedented volatility today.  In the morning, rates continued to increase as mortgage bond prices fell 48 bps.  At midday prices began to improve and rates were revised slightly better in the afternoon.  Our advice is to stay on the sidelines (read float) until...

  The tenuous political and economic balance in Greece and other heavily leveraged European countries has suddenly rocked the mortgage bond markets this week.  The US Treasury auctions held Monday and Tuesday were met with abject disdain. Buyers were virtually non-existent.   Bonds traded 62 bps ...

Average rates for the benchmark 30-year fixed mortgage - as reported by Freddie Mac - stood at 4.50% this week, unchanged from the previous week. The average for the 15-year fixed amortization equaled 3.69%, up .02% on the week. This week the European Union and the International Monetary Fund an...

In this age of slow economic growth, families are looking for any way possible to reduce expenses. Furthermore, homeowners who have taken advantage of low mortgage rates and attractive home prices to buy a new home may be looking for ways to reduce the cost of the mortgage over time. One way to a...

Average rates for the benchmark 30-year fixed mortgage, as reported by Freddie Mac, stood at 4.50% this week. This represents a change of +.01% over last week’s average which reached a new low for 2011. The average for the 15-year fixed amortization equaled 3.67%, down .01% on the week. The 15-ye...

Disabled military Veterans who currently reside in Texas or who listed Texas as their home of record at the time of entry into the military are eligible for significant home loan discounts through Home Loan Specialists’ Texas Veterans Loan program. These reductions include no money down financing...

Mortgage rates continued their gradual decline this week with the benchmark 30-year fixed rate mortgage falling to 4.49% and the 15-year fixed rate mortgage falling to 3.68% according to Freddie Mac’s Primary Mortgage Market Index Survey of 125 credit unions, commercial banks, and mortgage compan...