James Schiller's (jschiller) Blog

While the credit crunch is clearly dampening consumers' borrowing power, the lending well hasn't run completely dry. Lenders still want to lend, but borrowers will need to dig deeper to get the best rates. The Federal Reserve probably plays the most visible role in influencing rates, as it orches...

By Holden Lewis • Bankrate.com Mortgage rates fell this week, as bad economic news outweighed the good. The benchmark 30-year fixed-rate mortgage fell 7 basis points, to 6.7 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage poi...

Mortgages Rate: 6.42 percent (30-year fixed) Average points: 0.45 Mortgage rates moved modestly down this week. The average 30-year fixed-rate mortgage slipped 6 basis points, to 6.42 percent. A basis point is one-hundredth of a percentage point. The 30-year fixed has now fallen for three consecu...

Thursday's bond market has opened down sharply following early stock gains and stronger than expected economic data. The stock markets are rallying during early trading with the Dow up 141 points and the Nasdaq up 24 points. The bond market is currently down 20/32, which will push this morning's ...

6.10.2008   A decline in variable mortgage rates wasn't enough to slow a decline in new loan applications. The average 30-year fixed-rate mortgage was 6.09% in Freddie Mac's survey of 125 thrifts, commercial banks and mortgage lending companies for the week ending June 5. The 30-year was 0.01% hi...