As can be seen in the chart of the 10 year note interest rates, the long-term yields of the interest curve have been trickling up over the past week. This is the part of the curve that has an effect on 30 year fixed mortgage rates. The secondary money market is looking at the economy picking up, and ... » Learn More about Mortgage Rates Still Great, But Two Elements Pushing Them Up
Mortgage Rates
The Mortgage Rate Dropping Relative to the 10 Year Treasury
The US 10 yr treasury rate and the Conforming 30 year mortgage rate track well together. The mortgage rate always has a premium relative to the treasury. Even in the best of times, the US treasury will always be a more secure investment than a mortgage, even though it's secured by real estate. ... » Learn More about The Mortgage Rate Dropping Relative to the 10 Year Treasury
A Short Term Reprieve From the New Freddie Fannie Refinance Tax
Freddie Mac and Fannie Mae will be holding off for a couple of months on implementing the new .5% tax on refinances. The “Adverse Market Fee” was going to begin on September 1. Now it’ll be December 1. The tax was announced by the FHFA without any warning two weeks ago, and broadsided the ... » Learn More about A Short Term Reprieve From the New Freddie Fannie Refinance Tax
Income to Purchase Loan Guide San Fernando Valley Single Family Homes July 2020
Due to low inventory, and a robust market because of low interest rates, San Fernando Valley property values continue to appreciate. The affordability index has gotten better over the past year because of the low rates. If you are in the Los Angeles area, have any questions or real estate sales ... » Learn More about Income to Purchase Loan Guide San Fernando Valley Single Family Homes July 2020
Mortgage Market Rate Indices August 10 2020
This chart reflects the historic moves of various mortgage programs. Jumbo rates fell 5 bps, while VA rates rose 5 bps on Friday. Conforming and FHA rates were little changed. Financial markets and interest rates are volatile and may change at any time without notice. This information is ... » Learn More about Mortgage Market Rate Indices August 10 2020