Daily Mortgage Market Snapshot Wednesday, May 14, 2008
Wednesday, May 14, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, May 14, 2008:

Rates are up 0.003 from Tuesday.

Today (5/14/08) - 6.183%
Yesterday (5/13/08) - 6.180%
One Week Ago (5/7/08) - 6.164%
One Month Ago (4/14/08) - 6.102%
One Year Ago (5/14/07) - 6.250%
Five Years Ago (5/14/03) - 5.560%
Ten Years Ago (5/14/98) - 7.331%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, May 13, 2008
Tuesday, May 13, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, May 13, 2008:

Rates are up 0.029 from Monday.

Today (5/13/08) - 6.180%
Yesterday (5/12/08) - 6.151%
One Week Ago (5/6/08) - 6.164%
One Month Ago (4/13/08) - 6.102%
One Year Ago (5/13/07) - 6.250%
Five Years Ago (5/13/03) - 5.597%
Ten Years Ago (5/13/98) - 7.340%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, May 12, 2008
Monday, May 12, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, May 12, 2008:

Rates are unchanged from Friday.

Today (5/12/08) - 6.151%
Yesterday (5/9/08) - 6.151%
One Week Ago (5/5/08) - 6.164%
One Month Ago (4/12/08) - 6.099%
One Year Ago (5/12/07) - 6.239%
Five Years Ago (5/12/03) - 5.591%
Ten Years Ago (5/12/98) - 7.385%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, May 9, 2008
Friday, May 9, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, May 9, 2008:

Rates are unchanged from Thursday.

Today (5/9/08) - 6.151%
Yesterday (5/8/08) - 6.151%
One Week Ago (5/2/08) - 6.154%
One Month Ago (4/9/08) - 6.164%
One Year Ago (5/9/07) - 6.250%
Five Years Ago (5/9/03) - 5.580%
Ten Years Ago (5/9/98) - 7.326%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, May 8, 2008
Thursday, May 8, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, May 8, 2008:

Rates are up .013% from Wednesday.

Today (5/8/08) - 6.151%
Yesterday (5/7/08) - 6.164%
One Week Ago (5/1/08) - 6.146%
One Month Ago (4/8/08) - 6.170%
One Year Ago (5/8/07) - 6.244%
Five Years Ago (5/8/03) - 5.580%
Ten Years Ago (5/8/98) - 7.326%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, May 7, 2008
Wednesday, May 7, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, May 7, 2008:

Rates are up .005% from Tuesday.

Today (5/7/08) - 6.164%
Yesterday (5/6/08) - 6.159%
One Week Ago (4/30/08) - 6.183%
One Month Ago (4/7/08) - 6.167%
One Year Ago (5/7/07) - 6.244%
Five Years Ago (5/7/03) - 5.653%
Ten Years Ago (5/7/98) - 7.310%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, May 6, 2008
Tuesday, May 6, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, May 6, 2008:

Rates are down .005% from Monday.

Today (5/6/08) - 6.159%
Yesterday (5/5/08) - 6.164%
One Week Ago (4/29/08) - 6.183%
One Month Ago (4/6/08) - 6.167%
One Year Ago (5/6/07) - 6.244%
Five Years Ago (5/6/03) - 5.689%
Ten Years Ago (5/6/98) - 7.330%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, May 5, 2008
Monday, May 5, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, May 6, 2008:

Rates are up .010% from Friday.

Today (5/5/08) - 6.164%
Yesterday (5/2/08) - 6.154%
One Week Ago (4/28/08) - 6.198%
One Month Ago (4/5/08) - 6.159%
One Year Ago (5/5/07) - 6.247%
Five Years Ago (5/5/03) - 5.718%
Ten Years Ago (5/5/98) - 7.319%

www.shoprate.com

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Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, May 2, 2008
Friday, May 2, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, May 2, 2008:

Rates are down .008% from Thursday.

Today (5/2/08) - 6.154%
Yesterday (5/1/08) - 6.146%
One Week Ago (4/25/08) - 6.196%
One Month Ago (4/2/08) - 6.170%
One Year Ago (5/2/07) - 6.246%
Five Years Ago (5/2/03) - 5.695%
Ten Years Ago (5/2/98) - 7.293%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, May 1, 2008
Thursday, May 1, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, May 1, 2008:

Rates are down .037% from Wednesday.

Today (5/1/08) - 6.146%
Yesterday (4/30/08) - 6.183%
One Week Ago (4/24/08) - 6.193%
One Month Ago (4/1/08) - 6.162%
One Year Ago (5/1/07) - 6.246%
Five Years Ago (5/1/03) - 5.749%
Ten Years Ago (5/1/98) - 7.293%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, April 30, 2008
Wednesday, April 30, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, April 30, 2008:

Rates are unchanged from Tuesday.

Today (4/30/08) - 6.183%
Yesterday (4/29/08) - 6.183%
One Week Ago (4/23/08) - 6.172%
One Month Ago (3/30/08) - 6.164%
One Year Ago (4/28/07) - 6.249%
Five Years Ago (4/30/03) - 5.763%
Ten Years Ago (4/30/98) - 7.386%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, April 29, 2008
Tuesday, April 29, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, April 29, 2008:

Rates are down 0.015% from Monday.

Today (4/29/08) - 6.183%
Yesterday (4/28/08) - 6.198%
One Week Ago (4/22/08) - 6.175%
One Month Ago (3/29/08) - 6.164%
One Year Ago (4/29/07) - 6.249%
Five Years Ago (4/29/03) - 5.766%
Ten Years Ago (4/29/98) - 7.436%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, April 28, 2008
Monday, April 28, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, April 28, 2008:

Rates are up 0.002% from Friday.

Today (4/28/08) - 6.198%
Yesterday (4/25/08) - 6.196%
One Week Ago (4/21/08) - 6.177%
One Month Ago (3/28/08) - 6.164%
One Year Ago (4/28/07) - 6.249%
Five Years Ago (4/28/03) - 5.780%
Ten Years Ago (4/28/98) - 7.309%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, April 25, 2008
Monday, April 28, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, April 25, 2008:

Rates are up 0.003% from Thursday.

Today (4/25/08) - 6.196%
Yesterday (4/24/08) - 6.193%
One Week Ago (4/18/08) - 6.206%
One Month Ago (3/25/08) - 6.112%
One Year Ago (4/25/07) - 6.212%
Five Years Ago (4/25/03) - 5.780%
Ten Years Ago (4/25/98) - 7.309%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, April 24, 2008
Thursday, April 24, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, April 24, 2008:

Rates are down 0.021% from Wednesday.

Today (4/24/08) - 6.193%
Yesterday (4/23/08) - 6.172%
One Week Ago (4/17/08) - 6.196%
One Month Ago (3/24/08) - 6.125%
One Year Ago (4/24/07) - 6.209%
Five Years Ago (4/24/03) - 5.834%
Ten Years Ago (4/24/98) - 7.309%

www.shoprate.com

Posted By Bruce A. Myers


Bleak Outlook
Wednesday, April 23, 2008

Existing-home sales were down again in March, with figures in line with the sales activites September 2007, according to the National Association of Realtors® (NAR). 

Existing-home sales were down 2.0 percent to a seasonally adjusted annual rate of 4.93 million units in March from a level of 5.03 million in February, and remain 19.3 percent below the 6.11 million-unit pace one year previous.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, April 23, 2008
Tuesday, April 22, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, April 23, 2008:

Rates are down 0.003% from Tuesday.

Today (4/23/08) - 6.172%
Yesterday (4/22/08) - 6.175%
One Week Ago (4/16/08) - 6.131%
One Month Ago (3/23/08) - 6.105%
One Year Ago (4/23/07) - 6.218%
Five Years Ago (4/23/03) - 6.101%
Ten Years Ago (4/23/98) - 7.314%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, April 21, 2008
Monday, April 21, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, April 21, 2008:

Rates are up 0.041% from Friday.

Today (4/21/08) - 6.177%
Yesterday (4/18/08) - 6.207%
One Week Ago (4/14/08) - 6.102%
One Month Ago (3/21/08) - 6.105%
One Year Ago (4/21/07) - 6.220%
Five Years Ago (4/21/03) - 5.855%
Ten Years Ago (4/21/98) - 7.310%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, April 18, 2008
Friday, April 18, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, April 18, 2008:

Rates are up 0.010% from Thursday.

Today (4/18/08) - 6.206%
Yesterday (4/17/08) - 6.196%
One Week Ago (4/11/08) - 6.099%
One Month Ago (3/18/08) - 6.170%
One Year Ago (4/18/07) - 6.209%
Five Years Ago (4/18/03) - 5.844%
Ten Years Ago (4/18/98) - 7.232%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, April 17, 2008
Thursday, April 17, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, April 17, 2008:

Rates are up 0.065% from Wednesday.

Today (4/17/08) - 6.196%
Yesterday (4/16/08) - 6.131%
One Week Ago (4/10/08) - 6.149%
One Month Ago (3/17/08) - 6.185%
One Year Ago (4/17/07) - 6.243%
Five Years Ago (4/17/03) - 5.832%
Ten Years Ago (4/17/98) - 7.232%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, April 16, 2008
Wednesday, April 16, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, April 16, 2008:

Rates are up 0.008% from Tuesday.

Today (4/16/08) - 6.131%
Yesterday (4/15/08) - 6.123%
One Week Ago (4/9/08) - 6.164%
One Month Ago (3/16/08) - 6.185%
One Year Ago (4/16/07) - 6.254%
Five Years Ago (4/16/03) - 5.832%
Ten Years Ago (4/16/98) - 7.260%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, April 15, 2008
Tuesday, April 15, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, April 15, 2008:

Rates are up 0.021% from Monday.

Today (4/15/08) - 6.123%
Yesterday (4/14/08) - 6.102%
One Week Ago (4/8/08) - 6.170%
One Month Ago (3/14/08) - 6.198%
One Year Ago (4/13/07) - 6.254%
Five Years Ago (4/15/03) - 5.858%
Ten Years Ago (4/15/98) - 7.290%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, April 14, 2008
Monday, April 14, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, April 14, 2008:

Rates are up 0.003% from Friday.

Today (4/14/08) - 6.102%
Yesterday (4/11/08) - 6.099%
One Week Ago (4/7/08) - 6.167%
One Month Ago (3/14/08) - 6.198%
One Year Ago (4/14/07) - 6.254%
Five Years Ago (4/14/03) - 5.861%
Ten Years Ago (4/14/98) - 7.332%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, April 11, 2008
Friday, April 11, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, April 11, 2008:

Rates are down 0.050% from Thursday.

Today (4/11/08) - 6.099%
Yesterday (4/10/08) - 6.149%
One Week Ago (4/4/08) - 6.159%
One Month Ago (3/11/08) - 6.276%
One Year Ago (4/11/07) - 6.233%
Five Years Ago (4/11/03) - 5.889%
Ten Years Ago (4/10/98) - 7.266%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, April 10, 2008
Thursday, April 10, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, April 10, 2008:

Rates are down 0.015% from Wednesday.

Today (4/10/08) - 6.149%
Yesterday (4/9/08) - 6.164%
One Week Ago (4/3/08) - 6.172%
One Month Ago (3/11/08) - 6.276%
One Year Ago (4/10/07) - 6.228%
Five Years Ago (4/10/03) - 5.855%
Ten Years Ago (4/10/98) - 7.266%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, April 9, 2008
Wednesday, April 9, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, April 9, 2008:

Rates are down 0.006% from Tuesday.

Today (4/9/08) - 6.164%
Yesterday (4/8/08) - 6.170%
One Week Ago (4/2/08) - 6.170%
One Month Ago (3/10/08) - 6.276%
One Year Ago (4/9/07) - 6.228%
Five Years Ago (4/9/03) - 5.849%
Ten Years Ago (4/9/98) - 7.260%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, April 8, 2008
Tuesday, April 8, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, April 8, 2008:

Rates are up 0.003% from Monday.

Today (4/8/08) - 6.170%
Yesterday (4/7/08) - 6.167%
One Week Ago (4/1/08) - 6.162%
One Month Ago (3/7/08) - 6.289%
One Year Ago (4/8/07) - 6.228%
Five Years Ago (4/8/03) - 5.889%
Ten Years Ago (4/8/98) - 7.195%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, April 7, 2008
Monday, April 7, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, April 7, 2008:

Rates are up 0.008% from Friday.

Today (4/7/08) - 6.167%
Yesterday (4/4/08) - 6.159%
One Week Ago (3/31/08) - 6.138%
One Month Ago (3/7/08) - 6.289%
One Year Ago (4/7/07) - 6.219%
Five Years Ago (4/7/03) - 5.889%
Ten Years Ago (4/7/98) - 7.199%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, April 4, 2008
Friday, April 4, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, April 4, 2008:

Rates are down 0.013% from Thursday.

Today (4/4/08) - 6.159%
Yesterday (4/3/08) - 6.172%
One Week Ago (3/27/08) - 6.157%
One Month Ago (3/4/08) - 6.091%
One Year Ago (4/4/07) - 6.214%
Five Years Ago (4/4/03) - 5.881%
Ten Years Ago (4/4/98) - 7.158%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, April 3, 2008
Thursday, April 3, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, April 3, 2008:

Rates are up 0.002% from Wednesday.

Today (4/3/08) - 6.172%
Yesterday (4/2/08) - 6.170%
One Week Ago (3/26/08) - 6.105%
One Month Ago (3/3/08) - 6.078%
One Year Ago (4/3/07) - 6.205%
Five Years Ago (4/3/03) - 5.881%
Ten Years Ago (4/3/98) - 7.138%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, April 2, 2008
Wednesday, April 2, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, April 2, 2008:

Rates are up 0.008% from Tuesday.

Today (4/2/08) - 6.170%
Yesterday (4/1/08) - 6.162%
One Week Ago (3/25/08) - 6.112%
One Month Ago (3/2/08) - 6.078%
One Year Ago (4/2/07) - 6.208%
Five Years Ago (4/2/03) - 5.872%
Ten Years Ago (4/2/98) - 7.409%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, April 1, 2008
Tuesday, April 1, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, April 1, 2008:

Rates are up 0.024% from Monday.

Today (4/1/08) - 6.162%
Yesterday (3/31/08) - 6.138%
One Week Ago (3/25/08) - 6.112%
One Month Ago (3/1/08) - 6.073%
One Year Ago (4/1/07) - 6.208%
Five Years Ago (4/1/03) - 5.832%
Ten Years Ago (4/1/98) - 7.351%

www.shoprate.com

Posted By Bruce A. Myers


What's New on Shoprate.com
Tuesday, April 1, 2008

We have updated the learning center with detailed information in regards to the regulatory institutions in every state who govern and regulate the mortgage industry in their state. Use this section to find many very useful tools which often include: address, phone numbers, fax numbers and contact information for the department, contact names and titles, links to the state website, links to where consumers can file consumer complaints, have their questions answered, check to be certain a lender is properly licensed in the state, and check to see if there are any statewide advisories which might effect their home loan.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, March 31, 2008
Monday, March 31, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, March 31, 2008:

Rates are down 0.026% from Friday.

Today (3/31/08) - 6.138%
Yesterday (3/28/08) - 6.164%
One Week Ago (3/24/08) - 6.125%
One Month Ago (2/31/08) - 6.164%
One Year Ago (3/31/07) - 6.214%
Five Years Ago (3/31/03) - 5.835%
Ten Years Ago (3/31/98) - 7.368%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, March 28, 2008
Friday, March 28, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, March 28, 2008:

Rates are up 0.007% from Thursday.

Today (3/28/08) - 6.164%
Yesterday (3/27/08) - 6.157%
One Week Ago (3/21/08) - 6.102%
One Month Ago (2/28/08) - 6.164%
One Year Ago (3/28/07) - 6.175%
Five Years Ago (3/28/03) - 5.918%
Ten Years Ago (3/28/98) - 7.312%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, March 27, 2008
Thursday, March 27, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, March 27, 2008:

Rates are up 0.052% from Wednesday.

Today (3/27/08) - 6.157%
Yesterday (3/26/08) - 6.105%
One Week Ago (3/20/08) - 6.102%
One Month Ago (2/27/08) - 6.164%
One Year Ago (3/27/07) - 6.175%
Five Years Ago (3/27/03) - 5.918%
Ten Years Ago (3/27/98) - 7.312%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, March 26, 2008
Wednesday, March 26, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, March 26, 2008:

Rates are down 0.007% from Tuesday.

Today (3/26/08) - 6.105%
Yesterday (3/25/08) - 6.112%
One Week Ago (3/19/08) - 6.206%
One Month Ago (2/26/08) - 6.169%
One Year Ago (3/26/07) - 6.172%
Five Years Ago (3/26/03) - 5.957%
Ten Years Ago (3/26/98) - 7.314%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, March 25, 2008
Tuesday, March 25, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, March 25, 2008:

Rates are down 0.013% from Monday.

Today (3/25/08) - 6.112%
Yesterday (3/24/08) - 6.125%
One Week Ago (3/18/08) - 6.170%
One Month Ago (2/25/08) - 6.169%
One Year Ago (3/25/07) - 6.175%
Five Years Ago (3/25/03) - 5.963%
Ten Years Ago (3/25/98) - 7.247%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, March 24, 2008
Monday, March 24, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, March 24, 2008:

Rates are up 0.020% from Friday.

Today (3/24/08) - 6.125%
Yesterday (3/21/08) - 6.105%
One Week Ago (3/17/08) - 6.185%
One Month Ago (2/24/08) - 6.169%
One Year Ago (3/24/07) - 6.132%
Five Years Ago (3/24/03) - 6.011%
Ten Years Ago (3/24/98) - 7.253%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, March 21, 2008
Friday, March 21, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, March 21, 2008:

Rates are up 0.003% from Thursday.

Today (3/21/08) - 6.105%
Yesterday (3/20/08) - 6.102%
One Week Ago (3/14/08) - 6.198%
One Month Ago (2/21/08) - 6.100%
One Year Ago (3/21/07) - 6.145%
Five Years Ago (3/21/03) - 6.037%
Ten Years Ago (3/21/98) - 7.249%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, March 20, 2008
Thursday, March 20, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, March 20, 2008:

Rates are down 0.104% from Wednesday.

Today (3/20/08) - 6.102%
Yesterday (3/19/08) - 6.206%
One Week Ago (3/13/08) - 6.216%
One Month Ago (2/20/08) - 6.108%
One Year Ago (3/20/07) - 6.153%
Five Years Ago (3/20/03) - 5.918%
Ten Years Ago (3/20/98) - 7.249%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, March 19, 2008
Wednesday, March 19, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, March 19, 2008:

Rates are down 0.005% from Tuesday.

Today (3/19/08) - 6.206%
Yesterday (3/18/08) - 6.211%
One Week Ago (3/12/08) - 6.284%
One Month Ago (2/19/08) - 6.069%
One Year Ago (3/19/07) - 6.153%
Five Years Ago (3/19/03) - 5.905%
Ten Years Ago (3/19/98) - 7.264%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, March 18, 2008
Tuesday, March 18, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, March 18, 2008:

Rates are down 0.015% from Monday.

Today (3/18/08) - 6.170%
Yesterday (3/17/08) - 6.185%
One Week Ago (3/11/08) - 6.276%
One Month Ago (2/18/08) - 6.069%
One Year Ago (3/18/07) - 6.151%
Five Years Ago (3/18/03) - 5.812%
Ten Years Ago (3/18/98) - 7.253%

www.shoprate.com

Posted By Bruce A. Myers


Why Shoprate.com Is Not A Lead Generating Service
Tuesday, March 18, 2008

Shoprate.com does not provide specific leads to participating lenders. Never have, never will. We do not compile potential consumer information in a database which is turn around and sold to multiple mortgage companies for a healthy "fee". This is not why Shoprate.com was designed nor is it the business model it is based upon.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, March 17, 2008
Monday, March 17, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, March 17, 2008:

Rates are down 0.013% from Friday.

Today (3/17/08) - 6.185%
Yesterday (3/14/08) - 6.198%
One Week Ago (3/10/08) - 6.276%
One Month Ago (2/17/08) - 6.069%
One Year Ago (3/17/07) - 6.151%
Five Years Ago (3/17/03) - 5.786%
Ten Years Ago (3/17/98) - 7.208%

www.shoprate.com

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday March 14, 2008
Friday, March 14, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, March 14, 2008:

Rates are down 0.018% from Thursday.

Today (3/14/08) - 6.198%
Yesterday (3/13/08) - 6.216%
One Week Ago (3/7/08) - 6.289%
One Month Ago (2/14/08) - 6.022%
One Year Ago (3/14/07) - 6.128%
Five Years Ago (3/14/03) - 5.783%
Ten Years Ago (3/14/98) - 7.234%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday March 13, 2008
Thursday, March 13, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, March 13, 2008:

Rates are down 0.68% from Wednesday.

Today (3/13/08) - 6.216%
Yesterday (3/12/08) - 6.284%
One Week Ago (3/6/08) - 6.240%
One Month Ago (2/13/08) - 6.022%
One Year Ago (3/13/07) - 6.146%
Five Years Ago (3/13/03) - 5.743%
Ten Years Ago (3/13/98) - 7.234%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, March 11, 2008
Tuesday, March 11, 2008

ere is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, March 11, 2008:

Rates are unchanged from Monday.

Today (3/11/08) - 6.276%
Yesterday (3/10/08) - 6.276%
One Week Ago (3/4/08) - 6.091%
One Month Ago (2/11/08) - 5.902%
One Year Ago (3/11/07) - 6.146%
Five Years Ago (3/11/03) - 5.667%
Ten Years Ago (3/11/98) - 7.251%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday March 10, 2008
Monday, March 10, 2008

ere is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, March 10, 2008:

Rates are up .036 from Friday.

Today (3/10/08) - 6.276%
Yesterday (3/7/08) - 6.240%
One Week Ago (3/3/08) - 6.078%
One Month Ago (2/10/08) - 5.902%
One Year Ago (3/10/07) - 6.140%
Five Years Ago (3/10/03) - 5.641%
Ten Years Ago (3/10/98) - 7.295%

Posted By Bruce A. Myers


Decline in Home Values in the United States
Monday, March 10, 2008

Decline in home values occurred in every region of the United States during the fourth quarter 2007. Only four states: Maine, North Dakota, South Dakota and West Virginia posted gains during this time.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday March 7, 2008
Friday, March 7, 2008

ere is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, March 7, 2008:

Rates are up .115 from Thursday.

Today (3/7/08) - 6.240%
Yesterday (3/6/08) - 6.125%
One Week Ago (2/29/08) - 6.073%
One Month Ago (2/7/08) - 5.844%
One Year Ago (3/7/07) - 6.138%
Five Years Ago (3/7/03) - 5.635%
Ten Years Ago (3/7/98) - 7.414%

Posted By Bruce A. Myers


Value of Homes Continue to Decline in the United States
Thursday, March 6, 2008

The US Home Values as announced by Freddie Mac declined in the third and fourth quarters of 2007, marking the first consecutive quarters of decline since 1982. US home values dropped 0.5% in the fourth quarter. Overall home values increased 0.3% for the year, considerably less than the 6.2% increase in 2006.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday March 5, 2008
Wednesday, March 5, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, March 5, 2008:

Rates are up .034 from Tuesday.

Today (3/5/08) - 6.125%
Yesterday (3/4/08) - 6.091%
One Week Ago (2/27/08) - 6.164%
One Month Ago (2/5/08) - 5.818%
One Year Ago (3/5/07) - 6.140%
Five Years Ago (3/5/03) - 5.727%
Ten Years Ago (3/5/98) - 7.399%

Posted By Bruce A. Myers


Anything Missing from Shoprate.com?
Wednesday, March 5, 2008

If you find yourself using the site, you are obviously in the middle of, or considering the home financing process.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday March 4, 2008
Tuesday, March 4, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, March 4, 2008:

Rates are up .013 from Monday.

Today (3/4/08) - 6.091%
Yesterday (3/3/08) - 6.078%
One Week Ago (2/26/08) - 6.169%
One Month Ago (2/4/08) - 5.818%
One Year Ago (3/4/07) - 6.140%
Five Years Ago (3/4/03) - 5.741%
Ten Years Ago (3/4/98) - 7.412%

Posted By Bruce A. Myers


Shoprate.com Updates
Tuesday, March 4, 2008

As promised we have been adding state by state banking department important information to the learning center. Each state has information in regards to the Banking Department, with address, phone, fax and e-mail information along with the key players.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Monday, March 3, 2008
Monday, March 3, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, March 3, 2008:

Rates are up .005 from Friday.

Today (3/3/08) - 6.078%
Yesterday (2/29/08) - 6.073%
One Week Ago (2/25/08) - 6.169%
One Month Ago (2/3/08) - 5.818%
One Year Ago (3/3/07) - 6.140%
Five Years Ago (3/3/03) - 5.750%
Ten Years Ago (3/3/98) - 7.394%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, February 28, 2008
Thursday, February 28, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, February 28, 2008:

Rates are down .008 from Wednesday.

Today (2/28/08) - 6.164%
Yesterday (2/27/08) - 6.172%
One Week Ago (2/21/08) - 6.100%
One Month Ago (1/28/08) - 5.832%
One Year Ago (2/28/07) - 6.191%
Five Years Ago (2/28/03) - 5.781%
Ten Years Ago (2/28/98) - 7.361%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Tuesday, February 26, 2008
Tuesday, February 26, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, February 26, 2008:

Rates are up .003 from Monday.

Today (2/26/08) - 6.172%
Yesterday (2/25/08) - 6.169%
One Week Ago (2/19/08) - 6.069%
One Month Ago (1/26/08) - 5.847%
One Year Ago (2/26/07) - 6.197%
Five Years Ago (2/26/03) - 5.803%
Ten Years Ago (2/26/98) - 7.348%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot, Monday, February 25, 2008
Monday, February 25, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Monday, February 25, 2008:

Rates are up .069 from Friday.

Today (2/25/08) - 6.169%
Yesterday (2/22/08) - 6.100%
One Week Ago (2/18/08) - 6.069%
One Month Ago (1/25/08) - 5.847%
One Year Ago (2/25/07) - 6.197%
Five Years Ago (2/25/03) - 5.806%
Ten Years Ago (2/25/98) - 7.386%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot, Tuesday, February 19, 2008
Tuesday, February 19, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, February 19, 2008:

Rates are unchanged from Monday.

Today (2/19/08) - 6.069%
Yesterday (2/18/08) - 6.069%
One Week Ago (2/12/08) - 5.913%
One Month Ago (1/19/08) - 6.018%
One Year Ago (2/19/07) - 6.185%
Five Years Ago (2/19/03) - 5.891%
Ten Years Ago (2/19/98) - 7.225%

Posted By Bruce A. Myers


What is New On Shoprate.com
Monday, February 18, 2008

New this week to Shoprate.com - we will be adding a complete list of state banking departments and regulatory agencies that consumers can consult before making any financial decisions. These will be broken down by individual state in the Learning Center and also in a large group. Stay tuned.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Friday, February 15, 2008
Friday, February 15, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Friday, February 15, 2008:

Rates are up .047 from Thursday.

Today (2/15/08) - 6.069%
Yesterday (2/14/08) - 6.022%
One Week Ago (2/8/08) - 5.908%
One Month Ago (1/15/08) - 6.052%
One Year Ago (2/15/07) - 6.217%
Five Years Ago (2/15/03) - 5.900%
Ten Years Ago (2/15/98) - 7.203%

Posted By Bruce A. Myers


How to Use Shoprate.com to Finalize Your Home Financing Decision
Friday, February 15, 2008

Now it is time to find the right mortgage program and lender for my particular situation. I have done all of my homework utilized the resources offered by Shoprate.com and my last step is to begin the final selection process.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Thursday, February 14, 2008
Thursday, February 14, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Thursday, February 14, 2008:

Rates are up .099 from Wednesday.

Today (2/14/08) - 6.022%
Yesterday (2/13/08) - 5.913%
One Week Ago (2/7/08) - 5.844%
One Month Ago (1/14/08) - 6.065%
One Year Ago (2/14/07) - 6.217%
Five Years Ago (2/14/03) - 5.903%
Ten Years Ago (2/14/98) - 7.203%

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot Wednesday, February 13, 2008
Wednesday, February 13, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Wednesday, February 13, 2008:

Rates are up .011 from Tuesday.

Today (2/13/08) - 5.913%
Yesterday (2/12/08) - 5.902%
One Week Ago (2/6/08) - 5.802%
One Month Ago (1/13/08) - 6.068%
One Year Ago (2/13/07) - 6.234%
Five Years Ago (2/13/03) - 5.925%
Ten Years Ago (2/13/98) - 7.255%

Posted By Bruce A. Myers


How to Use Shoprate.com - A Tutorial
Wednesday, February 13, 2008

I am going to be buying a new home in the upcoming months. Thought it would be a great time to see how to best utilize the features offered at Shoprate.com to help me through my home financing decision.

Posted By Bruce A. Myers


Daily Mortgage Market Snapshot February 12, 2008
Tuesday, February 12, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages, with zero points for Tuesday, February 12, 2008:

Rates are unchanged from Monday.

Today (2/12/08) - 5.902%
Yesterday (2/11/08) - 5.902%
One Week Ago (2/5/08) - 5.818%
One Month Ago (1/12/08) - 6.068%
One Year Ago (2/12/07) - 6.229%
Five Years Ago (2/12/03) - 5.947%
Ten Years Ago (2/12/98) - 7.268%

Posted By Bruce A. Myers


How to Utilize Shoprate.com in Shopping for Your Best Mortgage Deal
Tuesday, February 12, 2008

When shopping for a mortgage, the most important thing to attempt to do is compare "apples to apples". Do some basic homework, check with your State Banking department to find out the reliability of the lenders with whom you have interest. Often times the State Banking Department will have on file any consumer complaints and whether or not they were handled by the lending institution in a timely and professional manner. Do your own 'due diligence' by typing the name of the mortgage lender into a search engine, along with the words "problem" or "scam" or "bad experience". This should exhibit any negative postings about them. If there are a lot, or the allegations look substantial, avoid them.

Posted By Bruce A. Myers


Daily Mortgage Market Average Snapshot, February 11, 2008
Monday, February 11, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Monday, February 11, 2008:

Rates are down .006% from Friday.

Today (2/11/08) - 5.902%
Yesterday (2/8/08) - 5.908%
One Week Ago (2/4/08) - 5.819%
One Month Ago (1/11/08) - 6.068%
One Year Ago (2/11/07) - 6.226%
Five Years Ago (2/11/03) - 5.956%
Ten Years Ago (2/11/98) - 7.309%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot From February 4, 2008
Tuesday, February 5, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Monday, February 4, 2008:

Rates are down .001% from Friday.

Today (2/4/08) - 5.909%
Yesterday (2/1/08) - 5.819%
One Week Ago (1/28/08) - 5.832%
One Month Ago (1/4/08) - 6.141%
One Year Ago (2/4/07) - 6.263%
Five Years Ago (2/4/03) - 5.962%
Ten Years Ago (2/4/98) - 7.301%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot February 1, 2008
Monday, February 4, 2008

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Friday, February 1, 2008:

Rates are down .002% from Thursday.

Today (2/1/08) - 5.819%
Yesterday (1/31/08) - 5.821%
One Week Ago (1/25/08) - 5.847%
One Month Ago (1/1/08) - 6.288%
One Year Ago (2/1/07) - 6.263%
Five Years Ago (2/1/03) - 5.969%
Ten Years Ago (2/1/98) - 7.298%

Posted By Bruce A. Myers


Mortgage Market in Review
Friday, October 19, 2007

Market Comment

Mortgage bond prices rose last week applying downward pressure on mortgage interest rates. Trading was positive all week supported by economic data that showed some economic weakness with moderate inflation. The consumer price index (CPI) report released Wednesday indicated core inflation rose 0.2%. Traders were pleased inflation remained contained despite high oil prices.

For the week, interest rates on government and conventional loans fell by about 1/2 of a discount point.

Durable goods orders data Thursday will be the most important event this week. New homes sales and consumer sentiment data will also be important. This will be the last full week of trading heading into the next Fed meeting October 30th and 31st.


Posted By Bruce A. Myers


Mortgage Market Average Snapshot August 7, 2007
Tuesday, August 7, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Tuesday, August 7, 2007:

Rates are unchanged from Monday.

Today (8/7/07) - 6.559%
Yesterday (8/6/07) - 6.559%
One Week Ago (7/31/07) - 6.598%
One Month Ago (7/7/07) - 6.607%
One Year Ago (8/7/06) - 6.591%
Five Years Ago (8/7/02) - 6.430%
Ten Years Ago (8/7/97) - 7.813%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot August 3, 2007
Monday, August 6, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Friday, August 3, 2007:

Rates are down 0.021% from Thursday.

Today (8/3/07) - 6.583%
Yesterday (8/2/07) - 6.604%
One Week Ago (7/27/07) - 6.598%
One Month Ago (7/3/07) - 6.586%
One Year Ago (8/3/06) - 6.616%
Five Years Ago (8/2/02) - 6.403%
Ten Years Ago (8/1/97) - 7.780%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 27, 2007
Friday, July 27, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Friday, June 27, 2007:

Rates are down 0.012% from Thursday.

Today (7/27/07) - 6.598%
Yesterday (7/26/07) - 6.610%
One Week Ago (7/20/07) - 6.630%
One Month Ago (6/27/07) - 6.611%
One Year Ago (7/26/06) - 6.718%
Five Years Ago (7/26/02) - 6.451%
Ten Years Ago (7/28/97) - 7.843%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 25, 2007
Wednesday, July 25, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Wednesday, June 25, 2007:

Rates are up 0.005% from Tuesday.

Today (7/25/07) - 6.635%
Yesterday (7/24/07) - 6.630%
One Week Ago (7/18/07) - 6.618%
One Month Ago (6/25/07) - 6.616%
One Year Ago (7/25/06) - 6.721%
Five Years Ago (7/25/02) - 6.500%
Ten Years Ago (7/25/97) - 7.832%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 23, 2007
Monday, July 23, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Monday, June 23, 2007:

Rates are up 0.005% from Friday.

Today (7/23/07) - 6.635%
Yesterday (7/20/07) - 6.630%
One Week Ago (7/16/07) - 6.624%
One Month Ago (6/22/07) - 6.628%
One Year Ago (7/23/06) - 6.721%
Five Years Ago (7/23/02) - 6.492%
Ten Years Ago (7/23/97) - 7.832%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 20, 2007
Monday, July 23, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Friday, June 20, 2007:

Rates are down 0.011% from Thursday.

Today (7/20/07) - 6.630%
Yesterday (7/19/07) - 6.641%
One Week Ago (7/13/07) - 6.624%
One Month Ago (6/20/07) - 6.637%
One Year Ago (7/19/06) - 6.779%
Five Years Ago (7/19/02) - 6.568%
Ten Years Ago (7/19/97) - 7.858%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 19, 2007
Thursday, July 19, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Thursday, June 19, 2007:

Rates are up 0.023% from Wednesday.

Today (7/19/07) - 6.641%
Yesterday (7/18/07) - 6.618%
One Week Ago (7/12/07) - 6.595%
One Month Ago (6/19/07) - 6.634%
One Year Ago (7/19/06) - 6.779%
Five Years Ago (7/19/02) - 6.568%
Ten Years Ago (7/18/97) - 7.858%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 18, 2007
Wednesday, July 18, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Wednesday, June 18, 2007:

Rates are down 0.006% from Tuesday.

Today (7/18/07) - 6.618%
Yesterday (7/17/07) - 6.624%
One Week Ago (7/11/07) - 6.590%
One Month Ago (6/18/07) - 6.648%
One Year Ago (7/18/06) - 6.782%
Five Years Ago (7/18/02) - 6.655%
Ten Years Ago (7/18/97) - 7.858%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 17, 2007
Tuesday, July 17, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Tuesday, June 17, 2007:

Rates are unchanged from Monday.

Today (7/17/07) - 6.624%
Yesterday (7/16/07) - 6.624%
One Week Ago (7/10/07) - 6.588%
One Month Ago (6/17/07) - 6.776%
One Year Ago (7/17/06) - 6.779%
Five Years Ago (7/17/02) - 6.648%
Ten Years Ago (7/17/97) - 7.861%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 16, 2007
Monday, July 16, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Monday, June 16, 2007:

Rates are unchanged from Friday.

Today (7/16/07) - 6.624%
Yesterday (7/13/07) - 6.624%
One Week Ago (7/9/07) - 6.599%
Last Month (6/16/07) - 6.648%
Last Year (7/16/06) - 6.804%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 11, 2007
Wednesday, July 11, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages for Wednesday, June 11, 2007:

Rates are up .002% from yesterday.

Today (7/11/07) - 6.590%
Yesterday (7/10/07) - 6.588%
One Week Ago (7/4/07) - 6.586%
Last Month (6/11/07) - 6.522%
Last Year (7/11/06) - 6.850%

Posted By Bruce A. Myers


The Purpose of the Shoprate.com Mortgage Blog
Wednesday, July 11, 2007

When I was asked to write blogs for Shoprate.com I was worried I would not be able to come up with fresh content for readers on a regular basis. But then I realized after being in the mortgage marketing industry since 1993 (14 years, hard to believe) I have pretty much seen and heard it all and wanted to give my insight to both consumers who are looking for mortgages and lenders who are looking for ways to put their products in front of these same consumers.

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 9, 2007
Monday, July 9, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages:

Rates are down .003%.

Today (7/9/07) - 6.599%
Yesterday (7/6/07) - 6.602%
One Week Ago (7/2/07) - 6.592%
Last Month (6/9/07) - 6.485%
Last Year (7/9/06) - 6.869%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 6, 2007
Friday, July 6, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages:

Rates are up .012%.

Today (7/6/07) - 6.602%
Yesterday (7/5/07) - 6.590%
One Week Ago (6/29/07) - 6.595%
Last Month (6/5/07) - 6.437%
Last Year (7/6/06) - 6.869%

Posted By Bruce A. Myers


How to Get the Lowest Mortgage Rate
Thursday, July 5, 2007

Factors which you can control that might help you to receive a lower interest rate include:

• Credit Score - having a higher credit (FICO) score can help you qualify for the best available rate

• Debt to Income Ratio - an important ratio in determining what rate you qualify for, the larger your monthly income and the smaller your monthly debt is, the better you look in the eyes of your lender

Posted By Bruce A. Myers


What Factors Cause Mortgage Rates to Change
Tuesday, July 3, 2007

There is not a simple answer to why mortgage rates change. If someone had a crystal ball and could accurately predict mortgage rates, they would be a very wealthy individual. To better understand what factors cause mortgage rates to change, we must take a look at interest rates - all facets of interest rates - and what causes them to change as well. Mortgage rates often move in the same direction as interest rates, although they often do so at a slower pace.

Posted By Bruce A. Myers


Mortgage Market Average Snapshot July 2, 2007
Monday, July 2, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages:

Rates are down .003%.
Today (7/2/07) - 6.592%
Yesterday (6/29/07) - 6.595%
One Week Ago (6/25/07) - 6.616%
Last Month (6/2/07) - 6.428%
Last Year (7/2/06) - 6.854%


Posted By Bruce A. Myers


Mortgage Market Average Snapshot June 27, 2007
Thursday, June 28, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages:

Rates are down .005%.

Today (6/27/07) - 6.611%
Yesterday (6/26/07) - 6.616%
One Week Ago (6/20/07) - 6.637%
Last Month (5/27/07) - 6.354%
Last Year (6/27/06) - 6.850%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot June 26, 2007
Tuesday, June 26, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages:

Rates are unchanged from Monday.

Today (6/26/07) - 6.616%
Yesterday (6/25/07) - 6.616%
One Week Ago (6/19/07) - 6.634%
Last Month (5/26/07) - 6.352%
Last Year (6/26/06) - 6.854%

Posted By Bruce A. Myers


Mortgage Market Average Snapshot June 25, 2007
Tuesday, June 26, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages:

Rates are down 0.012% from Friday.

Today (6/25/07) - 6.616%
Yesterday (6/22/07) - 6.628%
One Week Ago (6/18/07) - 6.648%
Last Month (5/25/07) - 6.352%
Last Year (6/25/06) - 6.854%

Posted By Bruce A. Myers


Shoprate.com Free Trial
Monday, June 25, 2007

Shoprate.com Free Trial


Often times, mortgage lenders looking for new ways to increase their business will look to new avenues of mortgage marketing to increase their lead volume. If you are in the mortgage industry you are likely flooded with e-mails promising “10 free quality leads” or something similar if you commit to purchasing a larger lead package from a third party provider.

Posted By Bruce A. Myers


Mortgage Market Average Snapshot June 23, 2007
Sunday, June 24, 2007

Here is a look at 30-year Fixed Conforming Mortgage Rate averages:

Today (6/22/07) - 6.628%
Yesterday (6/21/07) - 6.625%
One Week Ago (6/15/07) - 6.648%
Last Month (5/22/07) - 6.282%
Last Year (6/22/06) - 6.770%

Posted By Bruce A. Myers


How Do Consumers Get in Touch With Their Mortgage Provider
Sunday, June 24, 2007

It is important in the mortgage marketing field to review the options on the path a consumer who is looking for a home mortgage loan might take in order to ultimately close their loan with a mortgage lender. Advertisements (TV, Radio, Print (newspaper & magazine), direct mail, Internet) are very prevelant in today’s society but also extremely cost prohibitive to 85% of the mortgage lenders in the country. Most would agree that only the large national lenders (ditech.com, Countrywide Home Loans, etc.) can afford this type of advertising on a broad scale and, believe me the consumers pay for this advertising in the end (in higher rates, higher fees or both).


Posted By Bruce A. Myers


Mortgage Market Average Snapshot
Friday, June 22, 2007

Here are 30-year Fixed Rate Conforming Averages

today 6/21/07 - 6.625%
yesterday 6/20/07 - 6.637%
one week ago 6/14/07 - 6.586%
one month ago 5/21/07 - 6.288%
one year ago 5/21/06 - 6.695%

Posted By Bruce A. Myers


Mortgage Rates Across the Country
Friday, June 22, 2007

Mortgage rates are on the rise, back up to levels we saw last year (source: Newspaper Chart Services). Many consumers are unaware mortgage rates have been rising steadily since the first of the year - more consumers are interested in declining home sales and the rush of houses on the market and believing that this has finally become more of a buyers market, after being a sellers market for such a long time.

Posted By Bruce A. Myers


Helpful Online Mortgage Search Tips
Thursday, June 21, 2007

When you go online to search for mortgage rates or a mortgage lender, go to a major search engine (google.com, yahoo.com, msn.com, etc.) and type in exactly the description of what you are looking for - the more specific the better. For example if you type in “mortgage rates” it will give you over 33,000,000 results. And the first few pages might not be even what you are looking to find. It would be much better to type in “30-year Fixed rate mortgage in Scottsdale, AZ for a single family home” which gives us less than 45,000 results. You can always expand your search, remove keywords (try “Mortgage rates in Scottsdale, AZ” ) if you want more choices but you have also weeded out millions of sites which would not prove helpful in your mortgage search.

Posted By Bruce A. Myers


Mortgage Leads - Completely Worthless?
Wednesday, June 20, 2007

A hot trend in the mortgage industry, often seen in times of a slower refi market is the purchase of mortgage "leads" from third party providers.

Posted By Bruce A. Myers


When Should You Consider Refinancing Your Existing Mortgage
Monday, June 11, 2007

People consider refinancing their existing home mortgage for serveral reason, probably the most important being to take advantage of lower interest rates which will reduce their monthly mortgage payments or to help elimiate debt by using the equity in your home. Refinancing a mortgage means paying off your old mortgage and signing a contract for a new loan.

Whether to refinance your mortgage is a difficult question to answer, and should be based on the following considerations:

Posted By Bruce A. Myers


Why be Pre-Approved for a Mortgage Loan?
Thursday, June 7, 2007

Real estate experts agree that we are currently in a “Seller’s Market”. This means that there are more ready, willing and able buyers than there are good homes for sale. So what do you do? In the bidding war, you need an edge.

There are three ways to approach a seller with an offer to buy.

Posted By Mike Hickey, AAA Mortgage LTD


Choosing A Mortgage: Fixed or Adjustable Rate?
Wednesday, June 6, 2007

Prior to the 1980’s, most home mortgages were for 30 years at a fixed interest rate. I would like to take this opportunity to explain some basic choices home buyers have today.

Fixed Rate Mortgages

Today, fixed rate mortgages can usually be obtained for 10 to 30 years. The total amount of interest and principal payment each month remains the same.

Posted By Alex N. Grinewicz, Senior VP, Chief Lending Office


Choosing A Lender
Tuesday, June 5, 2007

Often, when deciding which lender to submit an application to, borrowers consider on the interest rate (APR). This is certainly a very important factor; it is the factor that will determine your monthly payment. But there are other factors that should be considered...

Posted By Barbara Carr, Goshen Savings Bank


A checklist of helpful tips before you apply for your mortgage
Thursday, May 31, 2007

From start to finish, entering into homeownership or refinancing your home can be a very stressful time. Here are a few tips of things you can get together before applying for that mortgage.

Posted By Ruth Ashbridge


Smart Comparison Mortgage Shopping
Wednesday, May 16, 2007

We field a lot of calls here from consumers asking questions about mortgage and more specifically mortgage lenders.

Posted By Bruce Myers


What Makes Shoprate.com Different
Wednesday, May 16, 2007

There are a lot of mortgages engines in the Internet world, behind Pornography it is probably the second most popular topics searched online.

Posted By Bruce Myers


What Shoprate.com Is All About
Wednesday, May 16, 2007

Consumers shopping for mortgages no longer have to: sort through piles of unsolicited e-mails, be contacted by 5 or 6 non-competitive lenders, or to be forced to use the Mortgage lending “arm” of their Realtor or builder. Shoprate.com is quickly becoming a household name in the online mortgage rate industry, a place where consumers will find a reliable source of up-to-the-minute mortgage rate information.

Posted By Bruce Myers