TradeAnythingAnywhereBlog: 2010

Saturday, October 30, 2010

Susan's rates for November 2010

Conforming 30 Year Fixed (under $417,000) is at 4.25%, High Balance $417,000 to $729,750) is at 4.375% and Jumbo (over $729,750) is at 5.5%.

Conforming 15 Year Fixed is at 3.5%, High Balance at 3.75% and Jumbo is at 5.125%.

These rates are off from the lows of 3.875% but still very low.

Wednesday, September 29, 2010

Rates for October 2010

Rates are still volatile but trending lower after the Federal Reserve announcement last week that they may resort to further means to ease rates. They have not announce exactly what that would be but the bond markets are reacting favorably in anticipation.

Conforming 30 Year Fixed (under $417,000) are at 4% with High Balance ($417,000 to $729,750) at 4.375% and Jumbo at 5.5%. 15 Year Fixed Conforming is at 3.75%, High Balance is at 3.875% and Jumbo is at 5%.

This is an excellent time for buyers to get into a house as the affordability index is high due to these lower rates!

Sunday, September 26, 2010

Trade AnythingAnywhere Sept 2010

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Saturday, September 25, 2010

Bank Rates for Sept-October 2010

The Federal Reserve Board issued a statement this week saying that they were concerned that inflation is too low. This statement is fueling a decline in the dollar, higher gold and other commodity prices and lower interest rates.
Conforming 30 Year Fixed (under $417,000) are at 4%, High Balance ($417,000 to $729,750) are at 4.25% and Jumbo (over $729,750) are at 5.5%. Conforming 15 Year Fixed at at 3.75%, High Balance at 3.875% and Jumbo at 5.25%.
The October 4th date for the change in the FHA mortgage formula is quickly approaching. Make sure your FHA clients are aware of this change which will increase their monthly payments.

Thursday, August 26, 2010

Star Real Estate Sunset Beach

Thursday, July 8, 2010

July Loan Rate Update

Rates continue at low levels as concerns have grown that the economic recovery could falter in the second half of the year. The economy continues a slow recovery evidenced by the unfavorable jobs report, auto sales and manufacturing activity decreases, drop in home sales due to the end of the Federal Tax Credit and stocks down 10% for the second quarter, all causing low consumer confidence.

Now for the good news...rates are at the lowest level in over 50 years!
Conforming 30 Year Fixed (under $417,000) are at 4.375%, High Balance ($417,000 to $729,750) are at 4.5% and Jumbo at 6%. Conforming 15 Year Fixed are especially low at 3.75%, 4.0% and 5.75%, respectively.