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Bank of America Refinance Mortgage Rates – Average September Home Loans Jump with 10 Year Yield

admin — Mon, 26 Sep 2011 14:56:12 +0000

This Monday morning we are seeing the 10 year treasury rate yield up to a level almost 1.9% which will likely push 30 year fixed mortgage interest rates up to 4.25%. With many Americans seeking Bank of America refinance mortgage rates there still many opportunities to save a very good financial decisions have been made in the recent past.

On average, September home loan interest rates are very close to all-time lows as the 10 year treasury rate yield is well below its 20 day moving average. If the 10 year treasury rate yields not find a bottom around 1.8% and we could continue to see a slide in both mortgage rates and yields.

Over the next several weeks it will be interesting to see just how many Americans continue to submit refinance applications. It’s good financial decisions have been made and a credit score well above 740 and there is no reason to believe that there aren’t not opportunities to save money by completing the refinance process as early as this week.

Unfortunately, many Americans continue to make better financial decisions and missed bill payments. By missing bill payments they are basically telling creditors that they are not responsible with their money. This is why it is necessary to make certain that all high interest-rate debts are paid down to the best of one’s ability.

While Bank of America is one of the largest financial institutions in the country it is very important to recognize that they are not the only option when it comes to refinancing home loans. The FDIC currently insures over 7000 financial institutions nationwide to it is always advisable to check out the competition and understand what options are available.

Author: Jeremy North

Bank of America Refinance Mortgage Rates – March 22 Average 30 Year Home Loans at 4.6% for Borrowers Nationwide

admin — Wed, 23 Mar 2011 14:04:24 +0000

Bank of America refinance mortgage rates have been very attractive for the entire month of March 2011 and that has not changed on March 22. We are currently seeing an average dirty year fixed mortgage rates around 4.6% for well-qualified borrowers nationwide. It is important to note that it takes an amazing financial history to receive the lowest possible mortgage refinance quotes.

To receive these low quality generally takes a credit score that is in excess of 720 and a debt to income ratio that is sub 40%. By not achieving the financial requirements is likely the case that financial lenders will deem customers risky and will apply a higher interest rate to a refinance mortgage loan.

With this in mind it is always a wise choice to pay down as much debt as possible. If there are high interest rate credit cards that have been unpaid over the last several months and years it may be a good decision to pay them off before taking any necessary steps to complete a mortgage refinance and March of 2011.

While Bank of America is currently the largest financial institution in the country it is important to remember that there are over 7000 FDIC insured banks they can offer very attractive interest rates to go along with great customer service. By checking out the competition some homeowners may build new relationships and save money at the same time.

As we get close to the end of March that is the case that most Americans are thinking about filing taxes rather than saving money by going through the mortgage refinance process. For those very thrifty financial minds it is likely the case that they have already filed taxes and they are now looking to save money by reducing interest rates on home loans, car loans, personal loans were credit cards. With interest rates near all-time lows it is advisable to at least consider refinancing at the present time.

Author: Mike Garner

Wells Fargo Refinance Mortgage Rates – Average Home Loans Remain Below 5% for Well Qualified Borrowers on February 17

admin — Thu, 17 Feb 2011 15:45:03 +0000

Wells Fargo refinance mortgage rates have been below 5% for much of the time over the last 2 1/2 years and that remains to be the case on February 17, 2011. At the present time we are seeing average home loan interest rates around 4.85% which will allow many American homeowners to save a great deal of money by completing the refinance process with low closing costs.

Over the last several years we have seen the economy struggle as the unemployment rate accelerated above 9% and millions of Americans exhausted unemployment benefits. With this being the case the federal government took necessary steps to help individuals receive low interest rates on home loans, personal loans, car loans and credit cards.

Each and every month the federal reserve bank is taken the necessary steps to keep interest rates low but that could be a thing of the past as the economy improves. With the unemployment rate possibly dropping below 9% and the stock market near multi-year highs it is the case that there are arguments to be made that the economy is getting much better.

With this in mind it may be a very wise decision to consider refinancing home loan before average mortgage rates move much higher. Some analysts are predicting that 30 year fixed rates will not move to 5% but could also make their way toward 6%. With this being a possibility homeowners would benefit greatly by refinancing before interest rates move up to this level.

Taking the time and effort to do extensive research could prove to be greatly beneficial when it comes to locking in the lowest possible rates. Wells Fargo is currently one of the largest mortgage lenders in the country but please understand that there are many options available to regional and local level as well. But the advancements in technology is now much easier for individuals to search for companies that will help them when it comes to financial needs.

Author: Mike Garner

Home Mortgage Refinance Loan Rates – Average 30 Year Fixed Mortgage Rates See Cloudy Forecast in 2010

admin — Wed, 15 Sep 2010 15:42:00 +0000

Home mortgage refinance loan rates continue to remain at attractive levels as average 30 year fixed mortgage rates are around 4.35%. Many Americans want an accurate mortgage rates forecast but that is very difficult at the present time is the Federal Reserve Bank is working very hard to keep interest rates low. As long as the federal reserve bank continues to keep rates low there is no reason to believe that 30 year mortgage rates will move up but anything can happen.

When the markets began to set mortgage rates it will be the case that they start to move higher quickly as the Federal Reserve Bank has done a great amount to keep interest rates artificially low. With this being the case it may be a wise decision to take advantage of refinance loan rates today as customers never know when they could start moving up.

There’re many mortgage lenders throughout the country that can greatly help Americans when it comes to locking in low home mortgage refinance loan rates. With average 30 year fixed mortgage rates under 4.5% many Americans could benefit greatly, usually at least one full percentage point can be saved with lower refinance rates today.

Author: Heather Best

Daily Mortgage Interest Rates Today for August 6 – Morning Update – Average 30 Year Rates at 4.32%

admin — Fri, 06 Aug 2010 13:20:37 +0000

Daily mortgage interest rates today have been quite stable over the last 24 hours as there has not been much change at all in the 30 year fixed mortgage. Since early yesterday morning we have seen the 30 year fixed in a tight range between 4.3% and 4.34%. That continues today as we are currently seeing average rates around 4.32% for the 30 year. With little movement daily mortgage interest rates today for August 6 are as follows:

30 Year Fixed Mortgage Rates – 4.32%

15 Year Fixed Mortgage Rates – 3.86%

When the jobs data is digested we might get a little bit of extra movement but as of now it seems as if mortgage interest rates will be in this range throughout the weekend. Unless some very significant data is released or Ben Bernanke makes a comment then it can be assumed that fixed mortgage rates will remain very close to where they are right now.

Author: Alan Lake

Average 30 and 15 Year Fixed Mortgage Rates Drop to All Time Low Levels in Early July 2010

admin — Wed, 30 Jun 2010 23:05:49 +0000

The average for 30 year and 15 year fixed mortgage rates has dropped to all time low levels at the end of June 2010 and the beginning of July 2010. At the present time we are seeing 30 year fixed mortgage rates around 4.48% and 15 year fixed mortgage rates are coming in around 3.98%.

With mortgage interest rates this low it comes as now surprise to see many current and future home owners scrambling to compare mortgage interest rates today. It is important to remember that the interest rate offer you receive will be greatly determined by your credit score and debt to income ratio.

With a credit score in excess of 740 and a debt to income ratio that is less than 40% you will likely find that you have little problems locking in to a low 30 or 15 year fixed mortgage rate. Remember it is also important to have equity in your home if you are looking to refinance.

Refinance and mortgage data should be very interesting over the next few months and many Americans are hoping to save as much money as possible by locking in to the lowest possible mortgage rate available.

Author: Heather Best

Wells Fargo Mortgage Rates Following Current Interest Rates Higher

admin — Mon, 20 Jul 2009 13:20:50 +0000

Please use Subprime Blogger to get all your information on Wells Fargo mortgage rates. There is also a weekly column to give you the mortgage rates forecast you need.

Wells Fargo mortgage rates follow the overall trend of current interest rates and that remains the case today. Mortgage interest rates are trending higher and it looks like that is going to continue. The 10 year treasury rate yield has pushed up greatly in the last week, over 10%, causing interest rates to move up greatly. If you were thinking about refinancing or getting that first mortgage under 5% you are going to have to think again.

There is a possibility that Wells Fargo mortgage rates could turn around and head lower in the next few months, but the 10 year treasury yield is definitely trending higher so this does not bode well for lower mortgage rates. There is a very strong correlation between the 10 year treasury rate yield and the 30 year fixed mortgage rate. When one goes higher, the other follows shortly thereafter. With a strong uptrend in the 10 year yield visible, average mortgage interest rates are going to go higher.

If you have been considering going through the mortgage application process now might be the time. If you wait a month or two, you could see daily mortgage rates over 6% which would defeat the purpose of refinancing for many current home owners. Do your research, get educated on the subject and go get that low mortgage rate you always wanted before they shoot up again!

Please check out the daily Subprime Blogger rant; today I let Mr. Bernanke know how I feel:

Oh, so you are planning now for the “restoration of fiscal balance?” I call bullshit! The more statements that you make, the more I realize that you are full of shit Mr. Bernanke. Printing money in an attempt to spend our way out of this recession has not worked in the past so why do you think it will in the future?

Read the entire article here: Ben Bernanke, Please let the Markets Set Interest Rates

Mortgage Rate Trends – Will the Interest Rate Downtrend be Broken?

admin — Mon, 20 Jul 2009 02:54:49 +0000

Please use Subprime Blogger to keep up-to-date with current mortgage rate trends. There are also several articles to help you obtain low mortgage rates.

I have often stated that long term mortgage rate trends are down and have been since 1982 when average mortgage rates peaked around 17%. Since then, over almost three decades, mortgage rates have worked their way all the way down to around 5%. There were a few months that interest rates were below 5% but it looks like approximately 5% has been the bottom so far. With that being said, it seems very possible that the current bottoming process is a rolling over of the long term chart. If you look at rates from 2002 until now, they have moved sideways for the most part.

While there are been moves out of the range trend, for the most part daily mortgage rates have been between 5% and 6% over the last seven years. There has not been a strong move lower to make the long term downtrend remain intact. This makes me think that it is very possible that we are currently seeing the bottoming process for mortgage rates. I have said for quite some time that interest rates will move higher in the near future, we just do not know when.

At one point we are going to see an inflationary period and overall interest rates are going to take part in this by moving higher. For those of you who want to combat this move, make sure to pick the best inflation investments available. With that being said, when will this inflation that is going to push mortgage rates higher occur? That is a very good question that very few people can give a answer with complete confidence. If the treasury rate yield continues to move higher as it has since January, we could be seeing the beginning of that period as we speak.

One thing is for certain, mortgage rates are not going to remain below 5% for too much longer. If you have the opportunity to refinance below 5%, I would strongly suggest it. With the direction of the 10 year yield, things are not looking great for lower mortgage rates in the near future.

Please check out the daily Subprime Blogger rant; today I let Mr. Bernanke know how I feel:

Read the entire article here: Ben Bernanke, Please let the Markets Set Interest Rates

Mortgage Rates Forecast – Where Will Interest Rates Go in August?

admin — Mon, 20 Jul 2009 02:10:11 +0000

Please use Subprime Blogger to get your up-to-date mortgage rates forecast. There is also a weekly column on mortgage rate predictions to assist you in picking the right time to refinance or get a first mortgage.

The current mortgage rates forecast may have greatly changed last week. When looking at a six month chart of the ten year treasury yield, you can see that a lower upward trendline can be drawn right at the bounce that occurred last week. To make this even more convincing is the fact that the 50 day moving average served as a level of support on Friday. Now that the 10 year yield is at 3.65% and likely to move higher towards 4% we are likely to see higher mortgage rates.

I will be the first to admit that I thought the trendline and the 50 day moving average were almost one and the same, but I was wrong. The lower trendline was actually below the 50 day moving average and we definitely saw a strong bounce off it. I will post the daily mortgage rates and 10 year treasury rates article shortly and you will be able to gauge just how much average mortgage rates are likely to increase over the next few days.

In the short term, we are definitely going to see higher mortgage rates, but just how high? Well, check back in to Subprime Blogger to get our mortgage rate predictions article later this evening, July 19th.

Please check out the daily Subprime Blogger rant; today I let Mr. Bernanke know how I feel:

Read the entire article here: Ben Bernanke, Please let the Markets Set Interest Rates

Average Mortgage Rates Moving Lower?

admin — Thu, 09 Jul 2009 18:35:39 +0000

Please use Subprime Blogger to help you get the best fixed rate mortgage to suit your needs. There are also several articles available to help you find low mortgage rates.

Earlier this week I wrote an article on how it was possible that we would see higher mortgage rates if the government did not interfere. Obviously that is not the case as the Federal Reserve decided that it would buy more US debt yesterday. I think we all know in the back of our minds that this is a bad idea. All the Federal Reserve is doing is trying to print their way out of this recession. The value of the dollar is going to plunge when other countries figure out that we are no longer the financial giant we once were.

With that being said, it looks as if average mortgage rates are going to go much lower. We are seeing a bounce back in the 10 year treasury rate, but this is the exact break and retrace movement I was expected. I fully expect the 10 year to try to make its way back to the 50 day moving average and then work lower to the support of the 200 day moving average. Once again, that is the way the market generally works, but who really knows what President Obama and Ben Bernanke are up to.

One thing is for certain, if you have been thinking about refinancing or getting your first mortgage, you are going to continue to have the opportunity of a lifetime as our President refuses to let the market set interest rates. If I were you, I would pursue that first mortgage or refinance now as we have no idea when we are going to see a sling shot effect in mortgage rates. When this does happen, we are likely to see daily mortgage rates shoot up quite a bit in a short period of time.