Vermilion Realty Blog » Rates

Rates Holding

Don Grafues — Wed, 28 Jul 2010 21:31:32 +0000

Rates remained essentially flat last week. For example, 30 year fixed fell 0.01 point while 15 year fixed fell 0.03 points.

Freddie Mac weekly data can be seen at “Weekly Primary Mortgage Market Survey”.

Resource: Freddie Mac

Rates Essentially Flat

Don Grafues — Mon, 12 Jul 2010 14:16:34 +0000

Rates ticked up very slightly, remaining essentially flat last week. For example, 30 year fixed fell 0.01 point while 15 year fixed rose 0.03 points.

Freddie Mac weekly data can be seen at “Weekly Primary Mortgage Market Survey”.

Resource: Freddie Mac

Rates Down (Again)

Don Grafues — Sun, 27 Jun 2010 12:22:17 +0000

Mortgage rates again hit a new 2010 low.

mortgage type / this week / last week
30 yr fix / 4.69 / 4.75
15 yr fix / 4.13 / 4.20
5/1 ARM / 3.84 / 3.89
1 YR ARM / 3.77 / 3.82

Resource: REALTOR®Mag & Freddie Mac

ARMs Down

Don Grafues — Sun, 20 Jun 2010 12:23:34 +0000

Adjustable rate mortgages hit new lows this past week but fixed rate loans ticked up slightly. 5 year ARM now 3.89 percent and 1 year ARM 3.82 percent. 30 year and 15 year fixed rate loans at 4.75 and 4.20 percent respectively. Click on the Freddie Mac link for 2010 rates by week.

Resource: Freddie Mac

Rates Down Modestly

Don Grafues — Sat, 12 Jun 2010 14:17:54 +0000

Rates ticked down a bit last week with 30 year fixed 0.07 percentage points lower to 4.72 percent. 15 year fixed down 0.03 to 4.17 percent. Details at “Weekly Primary Mortgage Market Survey.”

Resource: Freddie Mac & REALTOR.org®

Rates Essentially Flat Last Week

Don Grafues — Mon, 07 Jun 2010 12:45:39 +0000

Rates were mixed last week with 30 year fixed up 0.01 percentage point (fee were up slightly too) and 15 year fixed down 0.01 point. Details are in the Freddie Mac “Weekly Primary Mortgage Market Survey.”

Resource: Freddie Mac

Rates Down Again

Don Grafues — Fri, 28 May 2010 19:44:05 +0000

Rates drop again to near record lows according to Freddie Mac. Details are in their “Weekly Primary Mortgage Market Survey.”

With the economy showing signs of recovery these low rates may not be around long according to an article on REALTOR.org. It is advised that Buyers lock in their rate now.

Resource: REALTOR.org & Freddie Mac

Investors Having Positive Influence On Rates

Don Grafues — Wed, 26 May 2010 13:31:46 +0000

The European crisis is helping to lower mortgage rates here in the U.S. Investors are looking to the U.S. as a more stable place to invest and are purchasing U.S. government securities. This puts more money into the mortgage market with the effect of driving rates down.

Resource: REALTOR.org

Mortgate Rates Hit Year Low

Don Grafues — Sun, 23 May 2010 13:42:31 +0000

Freddie Mac mortgage data for the week are out. The rates are the lowest this year.

30 year fixed, 4.84 percent, down 0.09.
15 year fixed, 4.24 percent, down 0.06.
1 year ARM, 4.00 percent, down 0.02.

Resource: Freddie Mac & REALTOR.org

Rates Down

Don Grafues — Fri, 07 May 2010 19:01:22 +0000

The debt crisis in Greece is having a worldwide impact. Yesterday there was a major drop in the DOW (followed by a large recovery), the price of oil fell and there was a significant drop in 30 year fixed mortgage rates in Arizona, at one point down 0.6 percent. Freddie Mac reports in its weekly rate survey that 30 year fixed mortgage rates fell this week (on average) from 5.06 percent to 5.00 percent. You can see the Freddie Mac weekly survey results here for 2010.

Resource: Freddie Mac