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
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
Mortgage Rates Staying Solid… and Low
As you can see in the chart of the 10-year note, the long term interest rates have stayed good since April. This is with the help of the Federal Reserve's Quantitative Easing, purchasing billions of dollars of mortgage-backed securities and long term US notes/bonds, supporting the financial markets, ... » Learn More about Mortgage Rates Staying Solid… and Low
Unintended Consequences of Mortgage Forbearance – Video
The mortgage forbearance program is a moving target, and changing constantly. This is as of 5/13/20. There are the unintended consequences on taking a mortgage forbearance. If you're in a financially distressed position because of COVID, us it. If you can afford to make the payments, pay it. There ... » Learn More about Unintended Consequences of Mortgage Forbearance – Video
Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
The attached chart of the rate spread between the 30 year fixed rate mortgage and the 10 year treasury note is a prefect visual and mathematic illustration on how today’s low mortgage rates are still high relative to where they should be historically, given other economic considerations. I’ve ... » Learn More about Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower