Pay Your Mortgage » Rates

The Opportunity of Fluctuating Rates

Matthew Strangways — Mon, 28 Nov 2011 23:51:17 +0000

Savvy consumers, whether they are homeowners or home buyers, tend to keep an eye on the state of the mortgage market. After all, interest rates are one of the key determinants of the cost of a home for everyone who has a mortgage. For agents, however, the state of interest rates is one of the core parts of their business and they watch them closely, often on a daily basis. If for no other reason, they pay attention because their customers expect them to have their fingers on the markets pulse.

As it happens, thats a reasonable expectation. Agents deal with multiple lenders all the time, so they see the market from multiple perspectives.

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Chase Mortgage Refinance Rates Intentionally Inflated?

Ebony Macleod — Sat, 27 Aug 2011 20:44:24 +0000

Those looking to refinance may get a surprise if they bank with Chase.

The NYC-based bank and mortgage lender is currently advertising mortgage rates well above the national average.

The WSJ first reported on the “issue,” speculating that Chase is trying to pump the brakes on new loan origination because they’re “flooded with demand.”

For example, today’s refinance rates for a 30-year fixed are set at 5.00%, while a 15-year fixed is going for 4.375%.

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The 7/1 adjustable-rate mortgage is pricing at 3.000%, while the 5/1 ARM is coming in at 2.625%.

These compare to rates of 4.375% for a 30-year, 3.375% for a 15-year, and 2.625% for a 5-year ARM seen over at top mortgage lender Wells Fargo.

That’s right, the 15-year fixed is somehow pricing an entire percentage point higher at Chase, while the 30-year is more than a half point higher. Hmm…

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McPherson Co-op Credit Union CD Rates: 6 Month CD Rates at 1.25%

Matthew Strangways — Wed, 20 Jul 2011 02:00:35 +0000

McPherson Co-op Credit Union’s CD rates are some of the highest CD rates available at any bank or credit union. The credit union’s current 6 month CD rates are at 1.25% with a CD yield of 1.257% (deposits of $10,000 or more). That CD rate is higher than the current national average 6 month rate is only 0.364% as reported by MonitorBankRates.com. (continued below) Your browser does not support IFrames, check out monitorbankrates.com/cdrates for current cd rates. Find the best CD rates at credit unions and banks by comparing rates on our rate lists here: Best CD Rates. Read full post…

Mortgage Rates Report: Weekly Average Mortgage Rates Mixed, 30 Year Mortgage Rates at 4.58%

Matthew Strangways — Sat, 16 Jul 2011 18:47:03 +0000

Current mortgage rates are mixed this week over last. 30 year conforming mortgage rates are averaging 4.58%, a slight decline from last week’s average mortgage rate of 4.59%. Today’s 15 year conforming mortgage rates are averaging 3.68%, down from the previous week’s average 15 year mortgage rate of 3.70%. (continued below) Your browser does not support IFrames, check out monitorbankrates.com/mortgages for current mortgage rates. Compare today’s mortgage rates by searching our mortgage rate tables here: Today’s Mortgage Rates. Unlike most websites, no personal information is needed to view a list of mortgage rates. 30 year jumbo mortgage rates today are averaging 5.02%, a decrease from the prior week’s average 30 year jumbo mortgage rate of 5.05%. 15 year jum Read full post…

Mortgage Rates Fall This Week on Lower Treasury Yields: 30 Year Mortgage Rates at 4.51%

Matthew Strangways — Mon, 11 Jul 2011 12:22:10 +0000

Mortgage rates decreased in this week’s mortgage rates survey following bond yields lower on a weak jobs report. In the Primary Mortgage Market Survey released by Freddie Mac, conforming fixed 30 year mortgage rates averaged 4.51% with 0.7 mortgage discount points for the week ending July 14, 2011. In the prior week’s mortgage rate survey 30 year mortgage rates at 4.60% with 0.7 discount points. (continued below) Your browser does not support IFrames, check out monitorbankrates.com/mortgages for current mortgage rates. Find today’s mortgage rates and refinance rates in your state by searching our rate tables at MortgageRates.MonitorBankRates.com. No pe Read full post…

Mortgage Rates: What Goes Up Must Come Down

Matthew Strangways — Sun, 10 Jul 2011 00:01:40 +0000

Mortgage rates have been going up all week long thanks to higher Treasury yields but that is about to change. A weak employment report released this morning has sent 10 year Treasury yields back down to the 3.00% level at 3.02%. Lower yields on 10 year Treasuries will send mortgage rates lower this coming week. (continued below) Your browser does not support IFrames, check out monitorbankrates.com/mortgages for current mortgage rates. Current 30 year conforming mortgage rates are averaging 4.69%, up from yesterday’s average 30 year rate of 4.65%. We can expect 30 year rates to head back below 4.50% this coming week. 15 Read full post…

Mortgage Rates Steady, Bond Yields Higher as Greece Votes Yes: 30 Year Mortgage Rates at 4.51%

Matthew Strangways — Thu, 30 Jun 2011 11:23:56 +0000

Mortgage rates hold steady in week’s mortgage rates survey. In the Primary Mortgage Market Survey released by Freddie Mac, conforming 30 year mortgage rates averaged 4.51% with 0.7 mortgage discount points for the week ending June 30, 2011. The prior week’s mortgage rate survey had 30 year mortgage rates at 4.50% with 0.8 discount points. Bond yields are higher on the news that the Greek Parliament voted yes to austerity measures to avoid a debt default. (continued below) Your browser does not support IFrames, check out monitorbankrates.com/mortgages for current mortgage rates. Find the mortgage rates and refinance rates in your state by searching our rate tables at MortgageRates.MonitorBankRates.com. No pe Read full post…

Mortgage Rates Decrease Again: 30 Year Mortgage Rates at 4.46%, 15 Year Rates at 3.64%

Matthew Strangways — Mon, 27 Jun 2011 04:10:57 +0000

Mortgage rates fell again in this week’s Mortgage Application Survey which isn’t a surprise since bond yields were also lower this past week. The average contact mortgage rate on 30 year mortgage loans is down to 4.46% for the week ending June 24, 2011, down from the prior week’s average of 4.57%. Average mortgage points on 30 year home loans increased to 1.19 points, up from the previous week’s average of 0.91 points. (continued below) Your browser does not support IFrames, check out monitorbankrates.com/mortgages for current mortgage rates. Compare mortgage rates in your state by searching our rate tables at MortgageRates.MonitorBankRates.com. A list Read full post…

Mortgage Rates Ease as Markets Rally on Greece Hopes: 30 Year Jumbo Mortgage Rates at 4.91%

Matthew Strangways — Wed, 22 Jun 2011 12:30:26 +0000

Mortgage rates continue to drift lower as the equity markets rallied for the fourth straight day on the hope Greece won’t default on its debt. After the markets closed the Greek Prime Minister survived a confidence vote which will fuel another rally tomorrow. Current 30 year mortgage rates are averaging 4.47%, up from yesterday’s average 30 year mortgage rate of 4.46%. (continued below) Your browser does not support IFrames, check out monitorbankrates.com/mortgages for current mortgage rates. Find mortgage rates today in your state by searching our mortgage rate tables at MortgageRates.MonitorBankRates.com. You can se Read full post…