Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.
Category Archives: Mortgage Rates
Mortgage Rates Make New 2011 Lows
According to Freddie Mac’s weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage fell to 4.39% this week — the lowest 30-year fixed reading since November 18, 2010.
5-Year ARM Falls To Historic Lows
The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There’s never been a better time to lock an ARM.
Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks.
Mortgage rates have dropped 8 weeks in a row. Not even last year’s Refi Boom produced an 8-week winning streak. This season’s streak is historic.
Do You Know What Questions To Ask Your Lender?
In this back-to-basics interview, you’ll learn some mortgage planning basics to help you get smarter with your next home loan — purchase or refinance.
Memorial Day Messes With Mortgage Rates
Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult.
Geopolitics Have Mortgage Rates Poised To Change
Among the most challenging aspects of shopping for a mortgage is how rates change constantly. It’s hard to pin them down. Especially when geopolitics are involved.
Plan To Sell Within 5 Years? Consider An Adjustable-Rate Mortgage.
The interest rate gap between fixed-rate mortgages and adjustable-rate mortgages is growing. It peaked 2 weeks ago, but remains huge at 1.16 percentage points.
15-Year Fixed Rate Mortgages Look Cheap Compared To Comparable 30-Year Fixeds
If you’ve ever explored the idea of using a 15-year fixed rate mortgage for your home, the math is in your favor today. Talk to your loan officer before rates start rising.
Cost of Living Reaches An All-Time High, Pressures Mortgage Rates Higher
Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.