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Posts Tagged Best Execution

Daily Rate Update: Mortgage Rates Struggle to Improve Despite Bond Market Strength

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.69 3.70 -0.01%
15 Yr FRM 2.99 3.00 -0.01%
FHA 30 Year 3.40 3.41 -0.01%
Jumbo 30 Year 3.81 3.82 -0.01%
5/1 Yr ARM 3.01 3.02 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/12/13 3:23 PM
Mar 12, 2013 3:25PM

Mortgage Rates Struggle To Improve Despite Bond Market Strength

Mortgage rates are mixed to lower today, but some lenders are still in worse shape than yesterday afternoon's latest offerings. This stratification around unchanged levels belies the day-over-day changes in bond markets, including the mortgage-backed-securities (MBS) that most directly influence mortgage rates. That said, a few lenders did release positively revised rate sheets in the afternoon after a day of steady improvement in MBS. Best-Execution is still at 3.75% with 3.625% still viable for...

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Daily Rate Update: Mortgage Rates Vary by Lender After Friday’s Rout

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.70 3.71 -0.01%
15 Yr FRM 3.00 3.01 -0.01%
FHA 30 Year 3.41 3.42 -0.01%
Jumbo 30 Year 3.82 3.73 0.09%
5/1 Yr ARM 3.02 3.04 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/11/13 4:12 PM
Mar 11, 2013 4:12PM

Mortgage Rates Vary By Lender After Friday's Rout

Mortgage rates are very slightly lower in many cases after surging on Friday to the highest levels in nearly 10 months. That said, some lenders continued higher today while others were essentially flat. Overall, the average Best-Execution rate is moderately lower today, but very close to Friday's latest levels. That means that the shift from 3.625 to 3.75% continues to be supported so far this week. 3.75% is the highest best-execution rate we've recorded since May of 2012. ( What is A Best-Execution...

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Daily Rate Update: Mortgage Rates Close to Multi-Month Highs Ahead of Important Jobs Data

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.63 3.60 0.03%
15 Yr FRM 2.95 2.92 0.03%
FHA 30 Year 3.36 3.33 0.03%
Jumbo 30 Year 3.79 3.77 0.02%
5/1 Yr ARM 3.02 3.02 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/7/13 2:55 PM
Mar 7, 2013 3:22PM

Mortgage Rates Close To Multi-Month Highs Ahead Of Important Jobs Data

Mortgage rates moved relentlessly higher for the fourth straight day on Thursday, bringing them close to the seven month highs last seen in mid-February. This comes as the result of some of the big-ticket market moving events markets have been waiting for this week, particularly the European Central Bank President's press conference as well as stronger than expected Jobless Claims data. Best-Execution for 30yr Fixed, Conventional loans is once again edging up to levels where 3.75% becomes a consideration...

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Daily Rate Update: Mortgage Rates Unchanged to Slightly Higher to Begin Week

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.57 3.56 0.01%
15 Yr FRM 2.90 2.89 0.01%
FHA 30 Year 3.30 3.29 0.01%
Jumbo 30 Year 3.75 3.74 0.01%
5/1 Yr ARM 3.00 3.00 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/4/13 2:15 PM
Mar 4, 2013 2:15PM

Mortgage Rates Unchanged To Slightly Higher To Begin Week

Mortgage rates moved slightly higher in most cases on Monday, though some lenders were essentially unchanged from Friday's latest offerings. Despite the moderate weakness, with the exception of Friday, today's rates are in line with February lows, though the range has been narrow. 3.625% continues to be the most prevalent Best-Execution rate with reasonably priced "buy-downs" for those interested in paying more upfront cost in exchange for lower rate. ( What is A Best-Execution Mortgage Rate? ) If...

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Daily Rate Update: Mortgage Rates Aggressively Flat to End the Month

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.58 3.58 0.00%
15 Yr FRM 2.91 2.91 0.00%
FHA 30 Year 3.31 3.31 0.00%
Jumbo 30 Year 3.76 3.77 -0.01%
5/1 Yr ARM 3.01 3.00 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/28/13 4:11 PM
Feb 28, 2013 4:17PM

Mortgage Rates Aggressively Flat To End The Month

Mortgage rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning and weakness in the afternoon. In contrast, today's movements in the secondary mortgage market were completely flat (relative to their average range of motion). This left nearly all lenders at liberty to put out one rate sheet in the morning and call it a day. As such, 3.625% best-execution is unchanged, as are the average costs associated with that rate...

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Daily Rate Update: Mortgage Rates Inch to New 7 Month Highs

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.64 3.62 0.02%
15 Yr FRM 2.96 2.94 0.02%
FHA 30 Year 3.36 3.34 0.02%
Jumbo 30 Year 3.83 3.81 0.02%
5/1 Yr ARM 3.04 3.03 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/20/13 4:49 PM
Feb 20, 2013 4:53PM

Mortgage Rates Inch To New 7 Month Highs

Mortgage rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the day just barely into their worst levels in about 7 months (depends on the lender, some are improved, others unchanged) and, for the most part, stayed right there despite a good bit of volatility surrounding today's big new. While many lenders are still at 3.625% in terms of Best-Execution for 30yr Fixed, Conventional Loans, 3.75% is increasingly prevalent...

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Daily Rate Update: Mortgage Rates Unchanged to Slightly Higher Heading into 3-Day Weekend

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.62 3.61 0.01%
15 Yr FRM 2.94 2.93 0.01%
FHA 30 Year 3.33 3.32 0.01%
Jumbo 30 Year 3.80 3.80 0.00%
5/1 Yr ARM 3.02 3.03 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/15/13 1:33 PM
Feb 15, 2013 1:36PM

Mortgage Rates Unchanged To Slightly Higher Heading Into 3-Day Weekend

Mortgage rates moved modestly higher for some lenders today, while others remained closer to unchanged territory. Following Wednesday's swing to 6-month highs, this leaves the average rate sheet somewhere between there and yesterday's. In terms of the actual interest rate, 3.625% remains as the most prevalent "best-execution" rate, with relatively small adjustments in costs vs yesterday. Market movements during US trading hours have been relatively subdued for mortgage-backed-securities, or "MBS...

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Daily Rate Update: Mortgage Rates Sideways to Slightly Higher

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.57 3.57 0.00%
15 Yr FRM 2.90 2.90 0.00%
FHA 30 Year 3.29 3.30 -0.01%
Jumbo 30 Year 3.77 3.76 0.01%
5/1 Yr ARM 3.02 3.01 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/7/13 1:47 PM
Feb 7, 2013 3:42PM

Mortgage Rates Sideways To Slightly Higher

Mortgage rates began the day in decent territory, with most lenders unchanged to slightly lower in cost vs yesterday. Trading in Mortgage-backed-securities, which had already pulled back from their better levels late in the morning, took a sharper turn for the worse in the afternoon, prompting several lenders to recall rate sheets for a negative reprice. While the changes don't impact the prevailing best-execution rate of 3.625%, they do make for slightly higher borrowing costs on average. That said...

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Daily Rate Update: Mortgage Rates Bounce Back to Begin the Week

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.57 3.60 -0.03%
15 Yr FRM 2.90 2.92 -0.02%
FHA 30 Year 3.30 3.32 -0.02%
Jumbo 30 Year 3.77 3.80 -0.03%
5/1 Yr ARM 3.01 3.03 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/4/13 4:10 PM
Feb 4, 2013 4:11PM

Mortgage Rates Bounce Back To Begin The Week

Mortgage rates regained a good amount of lost ground today as most lenders' rate sheets were in line with or better than last week's rates. The overall movement wasn't enough to justify a shift back to 3.5% Best-Execution from the recently more prevalent 3.625%, but it's a step in that direction. The differences in rates would be more noticeable in terms of the closing COSTS or lender credit as opposed to the rates themselves. ( What is A Best-Execution Mortgage Rate? ) Bond markets were fairly calm...

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Daily Rate Update: Mortgage Rates Improve at Slightly Faster Pace

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.46 3.49 -0.03%
15 Yr FRM 2.80 2.81 -0.01%
FHA 30 Year 3.25 3.24 0.01%
Jumbo 30 Year 3.66 3.69 -0.03%
5/1 Yr ARM 2.98 3.00 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/23/13 12:46 PM
Jan 23, 2013 4:00PM

Mortgage Rates Improve At Slightly Faster Pace

Mortgage rates were more unified in their improvements today after beginning the week rather equivocally on Tuesday. Most lenders offered improved interest rates or reduced costs (or increased lender credit) for the same rates available yesterday. Additionally, several large lenders offered bigger-than-average improvements, doing more to affect the average day-over-day change. In fact, 3.375% is edging back into the frame of reference as a Best-Execution rate for 30yr Fixed, Conventional loans, though...

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