December 7th Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 30th, 2009  

*** LOCK ALERT *** RATES IMPROVE SLIGHTLY (FINALLY) *** Mortgage interest rates drop as investors in stocks take their profits and run. Rates stopped a 5-day losing streak and finally recovered somewhat today. LOCK if closing very soon; the latter part of the week could prove volatile.

December 3rd Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 30th, 2009  

*** LOCK ALERT *** RATES WORSENING *** Mortgage interest rates are INCREASING and if you still haven’t locked your interest rate you probably should.

December 2nd Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 30th, 2009  

*** LOCK ALERT *** MORTGAGE RATES STILL VERY LOW BUT INCREASING *** Mortgage interest rates are INCREASING and if you still haven’t locked your interest you probably should.

December 1st Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 30th, 2009  

Program
Rate

30 Year FRM
4.75%
Better by .04

15 Year FRM
4.05%
Better by .07

5/1 Year ARM
3.83%
Better by .05

Jumbo 30 Year FRM
5.85%
Better by .06

Here is today’s look at best mortgage rates, (which do not include discount points, origination points, or loan level risk based price adjustments) provided by Mortgage News Daily, Freddie Mac, and other sources. Note that Freddie Mac’s AVERAGE more...

November 30th Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 30th, 2009  

*** STOCKS STUMBLE, RATES IMPROVE *** ADVISE LOCKING *** With no economic data scheduled for release today, interest rates will largely be driven by the performance of the stock market. This morning, equities are trading lower, and bond yields have dropped too–good for mortgage rates.

November 25th Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 18th, 2009  

and must be conventionally built.

*** LOCK ALERT *** MORTGAGE RATES LOWER *** LOCK NOW *** LOCK NOW *** LOCK NOW *** Mortgage interest rates are as good as they’ve ever been. Rates improve in the wake of a successful Treasury auction. Ample downside, little upside in floating.

November 23rd Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 18th, 2009  

RATES DOWN TO SIX MONTH LOWS. NO REASON TO FLOAT. With rates in bargain-basement territory, a lot of economic data ahead, and a week shortened by Thanksgiving, borrowers have every reason to lock and very little to gain by floating.

November 18th Best Mortgage Interest Rates and Lock Recommendation

By: Liz Freeman
November 18th, 2009  

MORTGAGE INTEREST RATES AT SIX-MONTH LOWS. LOCK, LOCK, LOCK. Today’s most important report, the Consumer Price Index (CPI), shows that inflation is still not something we need to concern ourselves with. Overall prices are still down .2% from last year.