mortgage rates 30 year fixed
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Current Mortgage Rates
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Current Mortgage Rates
Current Mortgage Rates:
30 year fixed current mortgage rates 4.75%
30 year fixed rate current mortgage rates 5.00% – 0 points, 0 origination fees
FHA rates:
fha 30 year fixedcurrent mortgage rates 4.75%
fha 30 year fixed current mortgage rates – 5.00% 0 points, 0 origination fees, 0 closing costs
FHA Jumbo Rates:
FHA Jumbo 30 year fixed current mortgage rates -5.00%
FHA Jumbo 30 year fixed current mortgage rates - 5.00% – 0 lenders fees 660+ score
FHA Jumbo 30 year fixed current mortgage rates – 5.00% – 0 points, 0 lenders fee, 0 closing costs 720+ score
Jumbo Rates:
Jumbo 30 year fixed rate 5.625%
Jumbo 30 year fixed rate 5.875% 0 points, 0 lender fees
***FHA Jumbo Mortgage Rates - additional $1,000 - $5,000 rebate for streamline refinance applications
*** Jumbo Mortgage Rates- additional $1,000 rebate+ for refinance applications
FREE Quick Quote with no social security number required at http://www.current-mortgage-rates.net
Mortgage Rates
Mortgage Rates see improvement with flight to safety. Bond traders are buying Mortgage backed securities, and treasury n0tes driving up prices and driving down yields. Mortgage Rates are benefiting from the unfortunate tragedies of the Japan Sumami and Nuclear disaster right after the unrest in the Middle East which caused concern over oil production. Mortgage rates should be headed higher in the absense of the these events, but since Japan is the 3rd largest economy a full blown nuclear meltdown could create an economic downturn globally. This of course would push rates back down, possibly into the mid to low 4′s on the 30 year fixed mortgage rates. www.current-mortgage-rates.net
Home Prices fall 4.1%, near 2009 lows
Home prices fall 4.1%, near 2009 lows
Case Schiller predicts home prices may fall another 15% – 25% as goverment winds down Fannie Mae and Freddie Mac. Expects mortage rates to increase, and mortgage costs to increase, with private capital filling the mortgage rate gap which will drive home prices down even further. See below article from CNNMoney.com
Home prices took a big hit at the end of 2010, even as the rest of the economy gained steam.
National home prices fell 4.1% during the last three months of 2010, compared with 12 months earlier, according to the latest report from the S&P/Case-Shiller home price index, a closely watched indicator of market trends. They were down 1.9% compared with three months earlier.
“Despite improvements in the overall economy, housing continues to drift lower and weaker,” said David Blitzer, spokesman for S&P.
And things may get a lot worse, said Robert Shiller, a Yale economist and half of the Case-Shiller team, in a web conference after the report’s release.
“There’s a substantial risk of home prices falling another 15%, 20% or 25% more,” he said.
Shiller cited a few reasons for his bearish stance. The government is expected to reduce the presence of Fannie Mae and Freddie Mac in the housing market. These agencies currently provide loan guarantees for about two-thirds of mortgages. If they fade away, private mortgage money will have to fill the gap and the cost of mortgage borrowing will surely rise. That will hurt home prices.
There’s also talk of possibly ending the mortgage interest tax deduction for many homeowners. Meanwhile, the weak economic recovery may be threatened by higher oil prices as a result of turmoil in the Mideast.
At the web conference, Shiller’s index partner Karl Case wasn’t much more optimistic.
“I see [the market] bouncing along the bottom with a slight negative trend,” said Case, an economics professor emeritus at Wellesley College.
A widespread drop
On a seasonally adjusted basis, the national index surpassed the low it hit in the first quarter of 2009.
The decline was widespread, with 18 of the 20 large cities covered by a separate S&P/Case-Shiller index recording losses for the year. The only gains were posted by Washington, which was up 4.1%, and San Diego, which saw prices climb 1.7%.
The biggest loser for the year was Detroit, where prices dropped 9.1%.
“We’re really close to being at the bottom again,” said S&P’s Maureen Maitland. “Last year’s gains came courtesy of the tax incentives and the market is not holding up on its own.”
The impact of homebuyer tax credits ended back last spring, and the two quarters of data since then reflect that. Prices fell steeply during the third quarter, down 3.3%. When the credit was in effect, prices rose consistently, up four out of five quarters starting in the second quarter of 2009.
S&P reported that both the company’s 10- and 20-city indexes also fell month over month. In three cities, Detroit, Cleveland and Las Vegas, home prices have dropped below their January 2000 levels — yes, you’d have to go back to the past millennium to find lower prices there.
Eleven markets, including New York and Chicago, have reached their lowest levels since home prices peaked in 2006 and 2007.
The losses were not unexpected, according to Brad Hunter, chief economist for Metrostudy, a housing market research firm.
“It’s clear now that, going back to last fall, the apparent strength was a false strength,” he said. “Now that the tax credits are gone, we’re back to where the training wheels are off, to normal consumer demand.”
He expects home prices to decline gradually throughout 2011, with markets picking up only when hiring increases substantially.
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Current Mortgage Rates 30 year fixed
today’s 30 year fixed mortgage rates
www.current-mortgage-rates.net
Current Mortgage Rates:
30 year fixed current mortgage rates 4.875%
30 year fixed rate current mortgage rates 5.00% – 0 points, 0 origination fees
FHA rates:
fha 30 year fixedcurrent mortgage rates 4.75%
fha 30 year fixed current mortgage rates – 5.00% 0 points, 0 origination fees, 0 closing costs
FHA Jumbo Rates:
FHA Jumbo 30 year fixed current mortgage rates -5.00%
FHA Jumbo 30 year fixed current mortgage rates - 5.00% – 0 lenders fees 660+ score
FHA Jumbo 30 year fixed current mortgage rates – 5.00% – 0 points, 0 lenders fee, 0 closing costs 720+ score
Jumbo Rates:
Jumbo 30 year fixed rate 5.625%
Jumbo 30 year fixed rate 5.875% 0 points, 0 lender fees
***FHA Jumbo Mortgage Rates - additional $1,000 - $5,000 rebate for streamline refinance applications
*** Jumbo Mortgage Rates- additional $1,000 rebate+ for refinance applications
FREE Quick Quote with no social security number required at http://www.current-mortgage-rates.net
