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 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 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 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…