Mortgage Rates
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The lowest mortgage rates from the best mortgage lendersWe help you find the lowest mortgage rates for your next home loan. Shopping for a mortgage can be an overwhelming process. Consumers have the option of working with banks, credit unions, mortgage brokers and direct mortgage lenders. Navigating the process of finding the right home loan can become less challenging if you are prepared before you start the shopping process. Mortgage rates change daily and are directly impacted by a secondary marketplace of investor supply and demand. Mortgage rates are very similar to a commodity, as investors purchase or sell mortgage backed loan securities in bulk positions, mortgage rates move up or down. Shorter term mortgage loans, 10 or 15 year terms typically will offer a lower mortgage rate than traditional 30 year loan terms. Investors who purchase mortgage backed loan securities from banks and lenders can greatly influence the interest rates that are offered. Generally these investors look to purchase mortgage backed loan securities as they have offered a conservative investment vehicle that offers a stable return on investment. Typically as the stock market increase, mortgage rates follow suit and as it declines, mortgage rates move lower as investors move in and out of mortgage backed loan securities. Investors in mortgage backed bonds are influenced by daily economic and market news such as cpi, housing starts and retail sales. In today’s mortgage market where most lenders have reduced the number of loan programs available to consumers financing is offered in three distinct areas: conventional loans, FHA mortgages & jumbo loan financing. Most consumers today fall into the conventional loan group, they are qualifying for mortgages that are securitized by Fannie Mae or Freddie Mac. Home owners and new home buyers who have a minimal down payment are more likely to qualify for an FHA loan as an alternative to conventional financing. If you are a home owner or buyer and need to finance more than $417,000 (the conventional loan limit in most states) then you are most likely going to be shopping for a jumbo loan, and will need to contact a number of banks and lenders as these are offered in limited supply in the market. Consumers who are shopping for mortgage rates should start the process by following the following helpful tips:
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Key Events Effecting Rates
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Mortgage Rates & News
July 1, 2009
The month of July has greeted investors on a positive note. Stocks moved up sharply in early trading as the second half of the year brings renewed optimism that the economic recession could be winding down and corporate earnings could trend up heading into 2010. There were three major reports released...
Seniors lose out on reverse mortgages as home values continue to decline
The latest report from Standard & Poor’s Case Schiller report showed almost a twenty percent decline in home values from April of 2008. The erosion in home values will hit the senior market especially hard as their refinance and reverse mortgage loan options will become more restricted. The month...
June 26, 2009
The stock market failed to finish the day in positive territory. This week has been especially volatile for the equity markets as growing concerns over the end to the economic recession have resurfaced, following economic reports that show weakness remains in the job markets. The volatility has benefited...
Recent housing reports are not overwhelming
The long climb up out of the housing bottom hole will take a good deal of time. This week the existing and new home sales reports for the month of May were released and both reports indicated a continued weakness in the market. The existing home sales report, released from the National Association of...
