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Current 30 Year Fixed Refinance Mortgage Rates – Webster Bank, TCF Bank and First Citizens Home Loans Up on June 29

admin — Wed, 29 Jun 2011 13:41:13 +0000

With the Greek Austerity vote coming today it comes as no surprise to see the 10 year treasury rate yield up significantly. We are seeing the 10 year yield well above 3% which has pushed 30 year fixed mortgage rates above 4.4%. Current 30 year fixed rates are higher at many regional banks including Webster Bank, TCF Bank and First Citizens Bank.

By doing research online most homeowners will find that these are some of the largest regional banks in the country but not the only options available. Currently, the FDIC insures over 7000 financial institutions so finding a lender in a local area should not be overly difficult. The FDIC search webpage has helped many to find banks in their area.

Even though 30 year fixed mortgage rates have pushed much higher it is still the case that millions of Americans have an opportunity to save by refinancing. By saving one full percentage point on a mortgage interest rate it is usually the case that homeowners will see savings in the long run.

By not saving one full percentage point it is often true that homeowners will see closing costs outweigh savings. Almost every mortgage lender nationwide can help better explain the options and many of these lenders offer online mortgage calculators. By crunching the numbers homeowners can get a better idea as to the options available.

When making any major financial decision it is always smart to step back and look at the big picture. Remember that there are costs that must be paid to refinance so if homeowners are strapped for cash and they have made poor financial decisions in the past few years it might be wise to pass up the opportunity to refinance as it may be much more trouble than it is worth.

Author: Alan Lake

Compare Mortgage Interest Rates Today – Current VA, FHA and Conventional Home Loans Remain Near 2011 Lows

admin — Tue, 28 Jun 2011 18:16:42 +0000

When seeking today’s lowest mortgage interest rates most homeowners are finding that the 30 year fixed conventional mortgage rate is around 4.35% for borrowers with an amazing financial history. Unfortunately, many Americans amid poor financial decisions in the past which can make it very difficult to lock into the lowest interest rates in June of 2011.

Before making any major financial decisions when it comes to locking in low home loan interest rates it may be a very wise choice to compare mortgage interest rates today. When looking for current VA, FHA and conventional home loan rates it is always advisable to contact several mortgage lenders to much better understand what a competitive interest rate would be.

Luckily, there many free resources available online and should help Americans gain access to financial lenders. Almost every single financial lender in America has some type of chat or e-mail reply service that will help customers get answers to those difficult questions. This is much different from the past when individuals had to wait for a return phone call.

With over 7000 FDIC insured banks throughout the country it should not be extremely difficult to find a local, regional or national lender is willing to go above and beyond to help when it comes to financial assistance. With 30 year fixed mortgage rates around 4.35% at the present time many homeowners stand to benefit greatly from the current low interest rate environment.

Remember that not all Americans will be able to receive the lowest interest rates but even if they can not it is still true that they could save money by refinancing. The general rule of thumb is that individuals should desire to save at least one full percentage point and this will help them save money by completing the refinance process in June or July of 2011.

Author: Alan Lake

Home Mortgage Refinance Loan Rates – Current and Future Interest Rates Still Attractive to Many Homeowners

admin — Thu, 20 Jan 2011 16:44:50 +0000

Home mortgage refinance loan rates have been very attractive to homeowners for quite some time as the 30 year fixed rate has been below 5% for many months. When looking at current and future home loan interest rates it tends to be a case that Americans are quite attracted to these low offers due to the fact that they can save extra money.

By accessing a financial or mortgage calculator online many Americans will understand how much money can be saved by going to the refinance process in January or February of 2011. Unfortunately, not all Americans will have the ability to lock in the lowest possible mortgage interest rates but that does not mean that they cannot benefit from the refinance process.

The general rule of thumb is that homeowners should desire a one percentage point savings to fully benefit from refinancing in January of 2011. By saving this one full percentage point it will likely be the case that savings are seen in the very near future that outweigh the closing costs. By not saving one full percentage point it is often true that closing costs greatly outweigh the benefits.

As we get deeper and deeper into 2011 it will be very interesting to see the direction of overall mortgage interest rates. As the economy improves it will likely be the case that interest rates move up as well. The federal reserve bank is stated many times that when growth is seen in the overall economy homeowners will begin to see mortgage rates move higher.

With this in mind it may be smart to take advantage of the current low interest rate environment and lock-in to the lowest possible rate today. While it is impossible to make 100% accurate interest rate predictions it is possible to take advantage of low rates while they are currently available.

Author: Jeremy North

Today’s Lowest FHA Mortgage Rates – Current Refinance Interest Rates from Bank of America, Wachovia and Chase Near Lows

admin — Wed, 03 Nov 2010 16:24:57 +0000

As many Americans gain awareness of the fact that mortgage rates are close to all-time lows it comes as no surprise to see many of these people looking for current refinance interest rates. Today’s lowest FHA mortgage rates are coming in very close to conventional mortgage rates as major lenders such as Bank of America, Chase and Wachovia are reporting 30 year fixed conventional rates very close to FHA rates.

At the present time we are seeing 30 year fixed mortgage rates well below 4.25% which is at the current all-time low. When looking at a chart of historical mortgage rates it is quite obvious that we are at the lowest levels in the history of the United States housing market. This makes refinancing very attractive to homeowners as they are looking to save money before the Christmas holiday shopping season.

Taking the time and effort to do research on current mortgage rates could prove to be greatly beneficial as many Americans are saving as much as hundreds of dollars a month on a home loan payment. With this being the case there are many opportunities to find the lowest possible rates for specific financial situation. Remember that it usually takes a credit score above 740 to lock-in to the lowest possible rates today.

Author: Heather Best

Today’s Lowest Mortgage Interest Rates – Current Trends and Predictions Show Home Loans Around 4.5% for Early July 2010

admin — Thu, 01 Jul 2010 12:15:26 +0000

Today’s lowest mortgage interest rates remain very close to historical lows as many mortgage lenders continue to report 30 year fixed mortgage rates under 4.5%. Current trends and predictions show home loans around 4.5% for much of July 2010. Until the 10 year treasury rate yield starts to move much higher mortgage interest rates are likely to remain low.

Over the last 18 months the 30 year fixed mortgage rate has been very close to 5%. Just in the last few months have we seen 30 year fixed rates drop all the way to 4.5%. With mortgage rates this low many Americans continue to hope that the trend is down and that predictions continue to be lower.

Unfortunately, it is nearly impossible to make 100% accurate mortgage rate predictions. With this being the case it is always wise to look at your current financial situation and determine what is right for you. Many homeowners could benefit greatly by refinancing today.

There are many mortgage lenders spread throughout the country that would be more than willing to help homeowners to refinance to a lower rate. It is very important to remember that you will want to save at least one full percentage point to cover closing costs. There are many mortgage calculators that can help you determine just how much you can save.

Author: Mike Garner

Current Mortgage Rates Drop – Interest Rates Set to Move Lower After 10 Year Treasury Rate Yield Drop

admin — Wed, 05 May 2010 18:41:45 +0000

Current mortgage rates dropped today as interest rates are set to move lower after the decline of the 10 year treasury rate yield. Today we saw the 10 year treasury rate yield drop below its 200 day moving average which would lead many people to believe that the 10 year yield bull market run is over.

Before making this assumption it would be wise to look at the last time the 10 year yield dropped below its 200 day moving average. At the time current mortgage rates dropped as well but the 10 year yield found support in a double bottom pattern and then started to move higher. It will be interesting to see if this happens again.

Interest rates have been low for quite some time and this could continue into the summer as the Federal Reserve Bank continues to take the necessary steps to make sure that interest rates stay low. With this in mind it will come as no surprise to see current mortgage rates drop to a level close to 2010 lows.

With mortgage interest rates under 5% now is a great time for Americans to lock in to low rates. By refinancing or locking in to a low current mortgage rate today there is a good chance that you could save money and build your personal finance portfolio.

Author: Alan Lake

Current Mortgage Rates Poised to Drop Below 5% in September?

admin — Sun, 30 Aug 2009 14:21:18 +0000

Current mortgage rates are definitely poised to drop below 5% in September. For much of 2009, the 10 year treasury rate yield was in a steady up trend with the 50 day moving average moving higher. Every time mortgage interest rates tested the 5% level we saw a strong push higher by the 10 year yield which moved average mortgage rates back to the 5.5% level. At this point, Federal Reserve Bank Chairman Ben Bernanke would reiterate that interest rates were going to stay at historically low levels.

After every single speech by Bernanke or President Obama, we have seen mortgage interest rates get all the way back down to 5.05%. This is where we sit today but things are a little different than in the recent past. The 10 year treasury rate yield has breached its 50 day moving average and that moving average is now moving down! This is a sign that we are likely to see a move down or sideways for the 10 year yield. This is great news for current mortgage rates.

If there is a speech by a Fed governor or our president this week about interest rates remaining low, we could see mortgage rates drop below 5% for the first time since May. This would be huge news for the refinance market because there will be a definite increase in interest in refinancing which will greatly help the housing market and the overall economy. There is one fear that I have about mortgage rates currently at this level. The Fed has announced the are going to stop buying US Treasuries by the end of September or October.

This is extremely bad news when it comes to the yield on Treasury rates. If the Fed does stop buying Treasuries who is going to buy them? As a country , are we back on our feet enough where other major world powers are going to buy our debt? I sure hope so because if they don’t we could see a very strong move up in treasury yields which would mean much higher mortgage interest rates. Sadly, this could happen very quick if the Fed pulls their hand out of the pot quickly.

With that being said, now is one of the best times in history to refinance or get your first mortgage. Mortgage rates currently sit at 5.05% and mortgage lenders are happy to work with you because they want your business. Many companies are advertising mortgage rates under 5% already so it might be a good idea to contact some of these companies and see what type of mortgage rate you can get!

Author: Jesse Wojdylo

Current Mortgage Rates Predictions – Interest Rates Going Down

admin — Mon, 13 Jul 2009 01:37:38 +0000

Please use Subprime Blogger to get your daily mortgage rates. I also produce a daily column that compares the 10 year treasury rate to current mortgage rates so please check it out.

The current real estate market has been struggling for quite some time; this is nothing new to most of us. The way that President Obama and his advisers are trying put a bottom in the housing market is be keeping mortgage rates extremely low. For the first half of 2009, average mortgage rates have been around or below 5%. Unfortunately we have yet to see data to prove that low mortgage rates are helping the housing market. I will admit that most of the data we do have is several months behind, but it would be helpful to see home prices stabilizing.

With that being said, now is one of the best times in history to buy a new home or refinance your current home. One thing is for sure, the government is not going to let mortgage rates move up very much. Whenever we see a significant move higher in mortgage rates, the Federal Reserve announces that they are going to buy back billions in dollars in US debt on top of what they have already committed.

The Federal Reserve spent $280 BILLION in US debt for the first half of the year. It is very possible that they will spend even more in the second half of 2009. While this is very bad news for the future, see inflation, it is great news for current and future home owners. If you have been thinking about refinancing, now is definitely the time to start doing some research. The first thing you should do is make a mortgage rate prediction on where you think rates are going.

Luckily, I will do that for you every week. Each Monday I make mortgage rate predictions and they have been rather accurate so far. Feel free to look back on some of my past columns and compare them to the mortgage rates survey that Freddie Mac releases each week. With that being said, the mortgage rate predictions for this week are

30 Year Fixed Rate Mortgage – 5.05%

I full expect to see mortgage rates lower this week as the 10 year treasury rate yield tanked last week. We could see a bit of a bounce back early this week, but nothing significant enough to push average mortgage rates higher.

Current Mortgage Rates Headed to 5%

admin — Thu, 09 Jul 2009 23:23:41 +0000

Please use Subprime Blogger to get your mortgage rates forecast. There are also several articles to help you get the home loan modification you may need.

Current mortgage rates have moved from 5.59% down to 5.2% in the last three weeks. Average mortgage rates are likely to move even lower because the yield on the 10 year treasury rate has broken a major support level. The purchasing of US Debt by the Federal Reserve Bank yesterday helped to push interest rates much lower. For quite some time the government has talked about putting a cap on interest rates and it looks like that is exactly what they are doing.

Eventually, the Federal Reserve Bank is going to stop printing money at will, but no one really knows when that will happen. Maybe when Ben Bernanke is ousted? It sounds nice to have low mortgage rates now, but it is likely to cause hyperinflation in the very near future. If the Fed continues to buy US debt with money from their printing press, all it is going to do is cause the value of the dollar decline even more. It may seem like inflation is in the distant future, but it could happen sooner than you think.

As soon as our friends throughout the world realize that the United States is in financial trouble, we are going to see the treasury yields shoot up because no one is going to loan us money at rates around 3%. That would be like giving someone with a 520 credit score a mortgage rate of 4.75%. Basically, the United States is turning into a subprime borrower and when the lenders figure this out, we are going to be in big time trouble. The major positive that the US does have is that we have been one of the strongest financial nations for a long time. This is the exact reason we continue to get low interest rates on borrowed money.

Hopefully we can recover and get out of this recession before our lenders realize that this could last much longer than we think. To compound matters, our Vice President comes out and mentions that they underestimated the severity of the financial crisis. WOW! Just what we needed to hear. The leaders of our country underestimated the severity of the problems. This is not good news for the future of this country! Maybe Peter Schiff and Jim Rogers need to start giving President Obama economic advice.

Mortgage Rate Predictions – Rates Ready to Make a Strong Move

admin — Mon, 06 Jul 2009 21:54:28 +0000

Please use Subprime Blogger to keep up with up to date mortgage rate trends. We also offer several articles on how to get low Wells Fargo mortgage rates which could save you hundreds of dollars on each mortgage payment.

Currently, mortgage rates are poised to make a very strong move. The question that we must answer is “which way will that move be?” A lot of that is determined by the government and the 10 year treasury rate. When looking at this chart of the 10 year treasury rate you will see that the treasury rate is sitting very close to its 50 day moving average. You will also notice that the bottom of the upward trend channel is roughly in the same area.

If this support level holds, look for the 10 year to push higher, possible back up to 4%. If this is the case, average mortgage rates could go all the way to 6%. If the government steps in and auctions off a ton of treasury bonds and the Fed ups their purchasing of mortgage backed securities, you could see the 10 year treasury rate break below its support levels. If this happens, it could fall all the way back down to 3.1% or close to its 200 day moving average. If this is the case, look for historically low mortgage rates, possibly even lower than we saw in March.

With that in mind, I think mortgage rates will continue to grind sideways this week. Last weeks mortgage rate predictions were 5.27% vs. the actual data of 5.32%. This weeks mortgage rate predictions

30 year fixed rate mortgage – 5.35%

I do not expect that strong move in daily mortgage rates until we see what happens with the 10 year treasury rate. Watch that support level and see if it holds; if it does not, be ready for some more extremely low mortgage rates.