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MORTGAGES: NEWS & ADVICE

TOP MORTGAGE STORIES
Jumbo loan rates
The interest rates for jumbo mortgage loans are coming down, but standards for qualifying are much tighter.

To compare local rates enter ZIP code:
NATIONAL OVERNIGHT AVERAGESTODAY+/-LAST WEEK
30 yr fixed mtg 5.80% 5.74%
15 yr fixed mtg 5.41% 5.33%
5/1 ARM 5.22% 5.19%
30 yr fixed jumbo mtg 7.05% 6.95%
5/1 jumbo ARM 6.08% 6.17%
Rates may include points
To compare local rates enter ZIP code:
NATIONAL OVERNIGHT AVERAGESTODAY+/-LAST WEEK
30 yr fixed mtg refi 5.80% 5.72%
15 yr fixed mtg refi 5.40% 5.31%
5/1 ARM refi 5.16% 5.13%
30 yr jumbo fixed mtg refi 7.18% 7.02%
5/1 jumbo ARM refi 5.97% 6.06%
Rates may include points

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RATE TRENDS THIS WEEK

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EXPERT ADVICE
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Upside down on home loan?
answer
Don't panic, says Dr. Don, in the long term it should even out. ... More »

MORTGAGE NEWS
Homeowners trying to avoid foreclosure should brace for lengthy delays, busy signals and copious paperwork. Lowball real estate offers are becoming more common, but what is considered an insult and what is a smart bid? It's no secret that real estate is undergoing a painful correction, but such slumps are part of a larger cycle. With a flood of unsold homes becoming rentals and former homeowners becoming tenants, who stands to gain?
More mortgage news »
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* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

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