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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

Daily Mortgage Interest Rates Today for August 5 – Afternoon Update – Refinance 30 Year Rates Stable

admin — Thu, 05 Aug 2010 20:30:34 +0000

Daily mortgage interest rates for today, August 5th, 2010 have been very stable as there has been little movement in 30 year or 15 year fixed refinance rates. This is likely to continue into tomorrow as many business men and women will take a long weekend to head to the Hamptons or their vacation spot of choice. Look for 10 year treasury rate yields and fixed mortgage rates to remain quite stable. With this in mind here are daily mortgage interest rates today for August 5th:

30 Year Fixed Mortgage Rates – 4.32%

15 Year Fixed Mortgage Rates – 3.85%

This is a new low for 15 year fixed mortgage rates but expect some sideways movement over the next few days unless the jobs report comes in tomorrow with a very surprising number. Even if the number is quite surprising it will still likely be the case that we continue to see 30 year fixed mortgage rates around the 4.35% mark.

Author: Alan Lake

Daily Mortgage Interest Rates Today for August 5 – Morning Update – 30 Year Rates Stable at 4.3%

admin — Thu, 05 Aug 2010 16:25:37 +0000

Daily mortgage interest rates have been very low for quite some time and that continues today on August 5th, 2010. For quite some time we have seen major media outlets report that mortgage rates are very close to an all time low. This is true once again today as Freddie Mac is reporting that average 30 year fixed mortgage rates were around 4.49% last week which is the lowest level on record. Zillow.com is currently reporting interest rates even lower. With that in mind here are the daily mortgage interest rates today for August 5:

30 Year Fixed Mortgage Rates – 4.31%

15 Year Fixed Mortgage Rates – 3.86%

With many newspapers and Internet websites report mortgage interest rates close to all time lows it will come as no surprise to see an increase in refinance applications when compared to new home applications. With rates well below 4.5% there are many homeowners who will look to save a large amount of money by locking in to a lower interest rate which in turn will equate to a lower monthly mortgage payment.

Author: Alan Lake

Daily Mortgage Interest Rates Today for August 4 – Afternoon Update – Refinance Rates at 4.32% for 30 Year Fixed

admin — Wed, 04 Aug 2010 20:13:53 +0000

Daily mortgage rates today for August 4th have been stable since this morning as the 10 year treasury rate yieldMoved higher early in the trading day which push mortgage rates up prior to launch. The afternoon saw very little volatility as 30 year fixed mortgage rates stayed around the 4.32% level. With that being said daily mortgage interest rates for today, August 4 are as follows:

30 Year Fixed Mortgage Rates – 4.32%

15 Year Fixed Mortgage Rates – 3.86%

The Federal Reserve Bank continues to take the necessary steps to make absolutely sure that interest rates stay low for borrowers and lending institutions. We have never seen mortgage interest rates this low for such a long period of time as 30 year fixed mortgage rates have been below 5% for several months now. It has been the case that 30 year fixed rates have been around this level for almost a year and a half as Ben Bernanke keeps the Fed funds rate very close to zero.

Author: Alan Lake

Daily Mortgage Interest Rates Today for August 4 – Morning Update – Refinance Rates Bounce off Lowest Levels

admin — Wed, 04 Aug 2010 15:48:16 +0000

Daily mortgage interest rates have been at or below 4.5% for the 30 year fixed mortgage for quite some time but today we are seeing a slight bounce off all time lows. Yesterday, Zillow.com reported 30 year fixed mortgage rates as low as 4.3% but today they have moved up slightly to 4.34%. This comes as no surprise as the 10 year treasury rate yield looks to be finding a bottom around the 2.9% level. With that being said the daily mortgage interest rates for August 4th are:

30 Year Fixed Mortgage Rates – 4.34%

15 Year Fixed Mortgage Rates – 3.9%

There is a very good chance that we could see mortgage interest rates bounce around in a tight range for much of August 2010 but we will see what happens. The Federal Reserve Bank continues to state that they are going to work hard to keep interest rates low and there is no reason not to believe them as they have done so for over 18 months.

Author: Alan Lake

Daily Mortgage Interest Rates Today for August 3 – Afternoon Update – Refinance Loan Rates Sink

admin — Tue, 03 Aug 2010 22:55:49 +0000

Today we are seeing another new record for home loan rates. Daily mortgage interest rates today for August 3rd are showing 30 year fixed mortgage rates at 4.3% which would be a reported all time low. It will be very interesting to see what Freddie Mac and some of the banks report when it comes to mortgage rate data this week. As of now, here is the data for daily mortgage rates today for August 3:

30 Year Fixed Mortgage Rates – 4.3%

15 Year Fixed Mortgage Rates – 3.87%

The 10 year treasury rate yield dropped today but not as much as one would expect to see mortgage rates at this low level. Over the next few days it will be interesting to see if the 10 year yield sinks well below the 20 day moving average. If the 20 day moving average continues to serve as overhead resistance then it will likely be the case that 30 year fixed mortgage rates could sink below 4.25%.

Author: Thom Austin

Daily Mortgage Interest Rates Today for August 3 – Morning Update – Refinance Rates Drop Early

admin — Tue, 03 Aug 2010 14:06:45 +0000

Daily mortgage interest rates today for August 3rd, 2010 have dropped early as the 30 year fixed mortgage rate is, once again, flirting with all time lows. The 10 year treasury rate yield is down over 2% early and this is helping to push fixed mortgage rates towards the July 2010 lows. There is a very good chance that August 2010 could be the lowest level for mortgage interest rates in the history of the US housing market. With that being said here are daily mortgage interest rates for today August 3:

30 Year Fixed Mortgage Rates – 4.33%

15 Year Fixed Mortgage Rates – 3.88%

It will be very interesting to see if the 10 year treasury rate yield can gain any footing as every time there is a slight increase there is just another pullback in a long term downtrend. If this downtrend continues it can be assumed that fixed mortgage interest rates will continue lower to all time lows in the very near future.

Author: Alan Lake

Daily Mortgage Interest Rates Today for August 2 – Afternoon Update – Refinance Rates Bounce Up on Monday

admin — Mon, 02 Aug 2010 17:48:47 +0000

Daily mortgage interest rates today for August 2nd, 2010 have seen a bounce higher in afternoon trading. With many mortgage lenders reporting the lowest refinance mortgage rates in history over the last few days it comes as no surprise to see mortgage rates get a slight tick higher at least for a day or two. With that being said here is the afternoon update for daily mortgage interest rates on August 2nd:

30 Year Fixed Mortgage Rates – 4.36%

15 Year Fixed Mortgage Rates – 3.9%

Over the last several days many economists have stated that unemployment and high foreclosure rates could be the cause of a double dip recession. Unfortunately, many of these Americans who are unemployed are unable to take advantage of the low interest rate environment we are currently seeing. For those who are not unemployed there are great opportunities to refinance in August 2010.

Author: Alan Lake

Daily Mortgage Interest Rates Today July 26 – Afternoon Update – 15 Year Fixed Rates Unchanged at 3.91%

admin — Mon, 26 Jul 2010 19:43:57 +0000

This mornings report for daily mortgage interest rates has not changed much as there has been very little financial data released to adjust mortgage interest rates drastically. With that being the case there is absolutely no difference when it comes to this mornings interest rates and the mortgage rates we are currently seeing quoted:

30 Year Fixed Mortgage Rates – 4.4%

15 Year Fixed Mortgage Rates – 3.91%

With the 10 year treasury rate yield unchanged for the day it should come as no surprise to see little to no movement in the 30 year fixed mortgage. Later this week we will see more financial data released that could adjust 10 year yields but on July 26th we have seen absolutely no volatility as interest rates across the board have been stable.

Tomorrow should provide a little more entertainment but as of now we have very little to report when it comes to mortgage interest rates. Maybe we can get some exciting commentary for a Fed President tomorrow, we will see.

Author: Mike Garner

Daily Mortgage Interest Rates Today July 26 – Morning Update – Lowest 30 Year Rates at 4.4% on Monday Morning

admin — Mon, 26 Jul 2010 14:04:33 +0000

Daily mortgage interest rates for today, July 26th, 2010, are sightly higher than Friday. The rise in the 10 year treasury rate yield on Friday likely lead to a slight move higher in the 30 year fixed mortgage rate. The lowest 30 year rates being quoted are around 4.4%. As of 10:00 am on Monday, July 26th, 2010 we are seeing the following when it comes to mortgage interest rates:

30 Year Fixed Mortgage Rates – 4.4%

15 Year Fixed Mortgage Rates – 3.91%

The 10 year treasury rate yield is again up slightly this morning but only .3%. This is highly unlikely to affect overall mortgage interest rates but there is a possibility that the 10 year treasury rate yield is working to carve out a bottom and move higher. With a drop from 4% to 2.9% it makes sense that the 10 year yield would eventually bottom and at least move sideways.

Even though 30 year fixed mortgage interest rates are not at an all time low they are still at some of the lowest levels in the history of the United States housing market. We will be back for an afternoon update later.

Author: Alan Lake