Mortgage Rates & Trends

  Coming off the heels of the narrowest confirmation vote in the history of the Federal Reserve, many Fed watchers expect Chairman Ben Bernanke to unveil plans to raise interest rates in the coming year. Despite being pilloried by many in the public and some lawmakers, Bernanke's confirmation ca...

According to a story published in The Washington Post this morning, William C. Dudley, President of the Federal Reserve Bank of New York, said the Federal Reserve may opt to renew its commitment of purchasing additional mortgage-backed securities if the economy begins to weaken again. On March 3...

San Francisco-based Wells Fargo Home Mortgage is offering a current mortgage rate of 4.875% on a 30-year fixed, with borrowers paying a 1-point Origination Fee. When Total Mortgage Services rolled out their rate sheets this morning, their current mortgage rate on the same 30-year fixed was 4.875%...

San Francisco-based Wells Fargo Home Mortgage is offering a current mortgage rate of 4.875% on a 30-year fixed, with borrowers paying a 1-point Origination Fee. When Total Mortgage Services rolled out their rate sheets this morning, their current mortgage rate on the same 30-year fixed was 4.875%...

There are varying reasons that are ultimately affecting the decline in newly originated mortgage loans. Luckily, though, current mortgage rates are not a determining factor. As current mortgage rates remain historically low today, they will eventually contribute to the waning volume as analysts ...

According to government-sponsored enterprise Freddie Mac, the average rate on a 30-year fixed-rate mortgage again fell below 5% this week. Frank Northaft, Chief Economist for Freddie Mac, noted that current mortgage rates inched below the 5% range as the mortgage market waited for the results of...

According to the Mortgage Bankers Association (MBA), mortgage applications declined last week despite low current mortgage rates that would otherwise allure borrowers into refinancing their existing their mortgage loans. The decline in mortgage applications represents the first drop in a month. ...

As the Obama administration prepares to step up the enforcement of mortgage misconduct, the Federal Housing Administration (FHA) revealed that they have immediately and permanently withdrawn FHA approval from three mortgage lenders, while suspending a fourth. FHA's Mortgagee Review Board, which "...

In my December 3, 2009 blog, "FHA Changes: Agency Considering Stricter Guidelines," I outlined some of the more significant changes FHA was considering on the horizon. Well, with the New Year upon us, so is that horizon. As January draws to a close, in an effort to avoid a bailout by taxpayers, t...

Although mortgage rate analysts are forecasting a drastic increase in current mortgage rates in the very near future - and we have already witnessed a prelude - current mortgage rates are below 5%, at least for today. Rates have been inching higher in recent weeks, so the recent decline in curre...