Mortgages Blog

Thursday, June 10, 2010 10:42 am
By Holden Lewis · Bankrate.com

Mortgage rates hit another record low in Bankrate’s weekly survey, with the 30-year fixed falling yesterday to 4.88 percent. Judging by the yields on mortgage bonds, the average rate should have been two or three basis points lower than that. Mortgage planner Jim Sahnger tells me: “Borrowers should be aware that as pricing has improved,

» Read more
Tuesday, June 8, 2010 1:42 pm
By Holden Lewis · Bankrate.com

Mortgage bond yields have flattened out at a remarkably low level, and mortgage rates have done the same. It’s not too late to refinance. If you missed a refi opportunity a couple of weeks go, you have another chance now. Bankrate conducts its weekly rate surveys on Wednesdays, and if the research department were making

» Read more
Monday, June 7, 2010 12:35 pm
By Holden Lewis · Bankrate.com

You may follow me on Twitter @HoldenL. I tweet about movements in the mortgage market, and I alert followers to these blog posts. Also, a brief explanation: I blogged sparsely last week because I was at the annual conference of the National Association of Real Estate Editors. I’m chairman this year, and I didn’t have

» Read more
Tags: No Tags Assigned
Monday, June 7, 2010 12:01 pm
By Holden Lewis · Bankrate.com

The mortgage meltdown and the oil disaster in the Gulf of Mexico have something in common: risk layering. It’s a self-explanatory concept: When you pile risk on top of risk, that’s risk layering. Driving drunk is a risk. Speeding is a risk. Running red lights is a risk. Driving without a seat belt is a

» Read more
Tags: Mortgages
Monday, June 7, 2010 9:27 am
By Holden Lewis · Bankrate.com

It’s a light week on the economic calendar, with the only notable report coming on Friday. That’s the report on retail sales in May. According to Briefing.com, the consensus is that the report will say that retail sales (excluding autos) went up 0.1 percent. Now, that 0.1 percent figure is the consensus among economists polled

» Read more
Friday, June 4, 2010 1:19 pm
By Holden Lewis · Bankrate.com

Mortgage rates have fallen following the release of a disappointing employment report for May. Yields on mortgage bonds have fallen about one-eighth of a percentage point today, which is likely to correspond to a similar decrease in the rate for the 30-year fixed. The impetus is the tepid May employment report, which was released this

» Read more
Wednesday, June 2, 2010 9:46 am
By Holden Lewis · Bankrate.com

Mortgage rates have settled into a groove since last Thursday. Yields on mortgage bonds have chugged along at more or less the same level since then, and that implies that mortgage rates haven’t moved much, either. Today is the day when Bankrate conducts its weekly rate survey; I predict that it will say that the

» Read more
Tuesday, June 1, 2010 10:53 am
By Holden Lewis · Bankrate.com

Like the life of a male praying mantis, this week’s economic calendar is brief and uneventful until it ends with a bang. Friday morning brings us the May employment report. It’s the week’s most important report when it comes to mortgage rates. According to Briefing.com, the consensus is that the report will say that nonfarm

» Read more
Friday, May 28, 2010 1:25 pm
By Holden Lewis · Bankrate.com

Mortgage rates are about an eighth of a percentage point higher than a week ago. In the last two days, your lender probably has either raised rates slightly or is charging more for discount points. That makes refinancing less attractive. This isn’t the result of a bait-and-switch scheme. Mortgage rates are volatile. They’ve been known

» Read more
Thursday, May 27, 2010 12:28 pm
By Holden Lewis · Bankrate.com

Today I wrote a post that explained how to analyze a simple rate-and-term refinance. Now we’ll step through something more complex, involving a hybrid ARM, or adjustable-rate mortgage. This query comes from the comments in a recent blog post. A reader named Mark writes: “Should I refinance now or wait? I have a 30-year, 7/1

» Read more
Page 80 of 85« First...102030...7879808182...Last »