Mortgage Rates

Everything you’ve ever wanted to know about mortgage rates. And even more than that…

Will Higher Mortgage Rates Cripple the Real Estate Market?

Will Higher Mortgage Rates Cripple the Real Estate Market?
April 10, 2013 1 Comment »

Everyone seems to be thoroughly enjoying the low mortgage rate environment that has been in effect for a couple of years now. Those with existing mortgages likely already refinanced to a lower rate, while those looking to dip their toes ... Read More »

Study Claims Mortgage Default Risk Lower on Energy Efficient Homes

Study Claims Mortgage Default Risk Lower on Energy Efficient Homes
March 19, 2013 1 Comment »

Do you live in a “green” house? If so, you might be a better mortgage borrower, whether you realize it or not. A new study released today by the University of North Carolina at Chapel Hill (UNC) Center for Community ... Read More »

Median 30-Year Mortgage Rates Over the Past 42 Years

Median 30-Year Mortgage Rates Over the Past 42 Years
February 28, 2013 2 Comments »

Everyone knows mortgage rates are low. But just how low are they compared to historical averages, or should I say, medians? Well, fortunately John Burns of John Burns Consulting did the math for us in a recent newsletter. Currently, 30-year ... Read More »

Mortgage Origination Volume Up 34 Percent in 2012

Mortgage Origination Volume Up 34 Percent in 2012
January 31, 2013 No Comments »

What a difference a year makes. As I reported back in September, 2011 was the worst year in mortgage lending since 1995. Just 365 days later, we experienced the best year since 2007, according to data from Lender Processing Services, ... Read More »

Making the Argument for an Adjustable-Rate Mortgage

Making the Argument for an Adjustable-Rate Mortgage
January 16, 2013 No Comments »

It’s no secret that fixed-rate mortgages have dominated the mortgage market in recent years, mainly because they’re just so darn cheap. They’ve been breaking records left and right thanks to the bleak economic outlook and the Fed’s continued buying of ... Read More »

Last Chance to Get a Mortgage Rate Under 4%?

Last Chance to Get a Mortgage Rate Under 4%?
January 14, 2013 No Comments »

At the start of each year, the financial pundits weigh in on the direction of many things for the 365 days that lie ahead, including mortgage rates. And seeing that rates began 2013 at near all-time lows, the obvious (and ... Read More »

Mortgage Rates Not as Low as They Could Be

Mortgage Rates Not as Low as They Could Be
December 31, 2012 No Comments »

A new Fed study and associated workshop revealed that mortgage lenders continue to offer inflated mortgage rates to consumers, despite ongoing efforts to reduce such borrowing costs. Over the past several years, the Fed has pledged to purchase billions in ... Read More »

Mortgage Rates, Delinquencies, and Negative Equity All Drop

Mortgage Rates, Delinquencies, and Negative Equity All Drop
November 15, 2012 No Comments »

It sounds like we just hit the housing recovery trifecta, all in one stellar news day. The 30-year fixed fell to its lowest point on record, 3.34%, according to the latest survey from Freddie Mac. That’s down from 3.40% last ... Read More »

Housing Inventory Lowest Since 2007, But Median Price Unchanged

Housing Inventory Lowest Since 2007, But Median Price Unchanged
November 14, 2012 No Comments »

A while back, I mentioned that it appeared as if we were running out of homes for sale, despite being just years (or days) out of the housing crisis. I was being somewhat facetious, but it’s true that there are ... Read More »

Is There Any Correlation Between Elections and Mortgage Rates?

Is There Any Correlation Between Elections and Mortgage Rates?
November 6, 2012 No Comments »

Seeing that it’s Election Day, I figured I’d take a look at historic mortgage rates to see if there is any correlation between their direction and elections. Specifically, I wanted to see if there was any significant movement after an ... Read More »