As we forecast here last week, mortgage rates edged slightly higher this week, but really aren’t going anywhere very fast. As reported by Freddie Mac, the average offered rate for a conforming 30-year fixed-rate mortgage rose by three basis points (0.03%), rising to land at 3.58% for the week.
National Average Mortgage Rates. Mortgage rates vary depending upon the down payment of the consumer, their credit score, and the type of loan that will be acquired by the consumer. For instance, in February, 2010, the national average mortgage rate for a 30 year fixed rate loan was at 4.750 percent (5.016 APR).
MND List of Latest Daily Mortgage Rates. Founded in 2004, Mortgage News Daily has established itself as a leader in housing news, analysis and data.
Mortgage rates were flat-to-slightly. their response to the economy has helped rates fall more quickly than they otherwise might. Based on the Fed’s laundry list of concerns, their current outlook.
You also want to compare loan fees, terms and offerings. Keep in mind that current mortgage rates change daily, even hourly. rates move with market conditions and can vary by loan type and term.
Mortgage rates could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some jumbo products may not be available to first time home buyers. lending services may not be available in all areas. Some restrictions may apply.
The 30 Year Mortgage Rate is the fixed interest rate that US home-buyers would pay if they were to take out a loan lasting 30 years. There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments.
Rates and program information are deemed reliable but not guaranteed. Rates on this page are based on the purchase of a single-family, single-unit, detached, primary residence located in Richmond, VA (home of SunTrust Mortgage, A Division of SunTrust Bank). Rates also assume a 30 day lock and are subject to change without prior written notice.
Mortgage rates didn’t budge today–a logical result with no signs of life in underlying bond markets. In the current case, this is just fine with us considering the bond market has gone silent while.
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