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Posts Tagged Market Volatility

Daily Update: Mortgage Rates Hold Steady Amid Market Volatility

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.88 3.88 0.00%
15 Yr FRM 3.17 3.16 0.01%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.14 4.14 0.00%
5/1 Yr ARM 3.02 3.04 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 5/9/12 3:12 PM
May 9, 2012 3:13PM

Mortgage Rates Hold Steady Amid Market Volatility

Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets. Actually, the bond markets of which mortgage rates are a part, were not nearly as volatile as stock markets, although both sides were keen to react to European headlines more so than today's anticipated event, the 10yr Treasury Auction. The moderate amount of movement left most lenders very close to yesterday's offerings. Best-Execution for 30yr Fixed Conventional Loans remains at 3.875...

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Daily Update: Market Volatility Drags Rates to New Annual Highs

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 4.09 4.06 0.03%
15 Yr FRM 3.37 3.35 0.02%
FHA 30 Year 3.79 3.77 0.02%
Jumbo 30 Year 4.34 4.29 0.05%
5/1 Yr ARM 3.00 3.02 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/20/12 4:11 PM
Mar 20, 2012 4:12PM

Market Volatility Drags Rates To New Annual Highs

Mortgages Rates , continued pushing into their highest levels of the year today after yet another volatile session for bond markets. Most lenders initial rate sheets were slightly improved from yesterday earlier this morning, but market movements during the course of the day prompted widespread repricing. By the end of the day, it's questionable to continue thinking about Best-Execution in terms of 4.0-4.125% and more appropriate to shift that range from 4.125% to 4.25%. That said, the combination...

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Daily Update: Mortgage Rates Back to Pattern of Volatility

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 4.17 4.09 0.08%
15 Yr FRM 3.52 3.44 0.08%
FHA 30 Year 3.83 3.78 0.05%
Jumbo 30 Year 4.44 4.34 0.10%
5/1 Yr ARM 3.22 3.11 0.11%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 10/20/11 4:27 PM
Oct 20, 2011 4:45PM

Mortgage Rates Back to Pattern of Volatility

Apparently, we jinxed the market yesterday by referring to recent stability... Apologies on that, but the damage is minimal... Mortgage Rates worsened slightly as trading in the secondary mortgage market and beyond grew increasingly volatile. Best-Execution offerings may be the same or slightly higher than yesterday, but if the rate remains the same, closing costs will likely have increased. Chalk the market volatility up to the situation in Europe and the impending summit this weekend (but then...

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Daily Rate Update: Prolonged Availability of All-Time Lows

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 4.09 4.13 -0.04%
15 Yr FRM 3.26 3.32 -0.06%
FHA 30 Year 3.78 3.82 -0.04%
Jumbo 30 Year 4.41 4.38 0.03%
5/1 Yr ARM 3.15 3.13 0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 9/14/11 4:28 PM
Sep 14, 2011 4:26PM

Mortgage Rates: Prolonged Availability of All-Time Lows

Although BestExecution Mortgage Rates didn't improve today, there were generally some very slight improvements in the costs involved in obtaining those rates. This prolongs an already impressively long stint near all-time mortgage rate lows. It also prolongs the phenomenon for rate-watchers where there's opportunity for rates to move down an eighth of a point or so offset by the risk that economic data or news headlines will cause market volatility sufficient to send rates higher. CURRENT MARKET...

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