Posted on 19 February 2010
Tags: 15 Year FRM, 15-year fixed mortgage rates, 30 year fixed mortgage rate, adjustable rate, adjustable rate mortgage, adjustable-rate loan, BFM FHLMC Mortgsecurities Fund, economics, Economy of the United States, Finance, Fixed income securities, fixed rate mortgage, freddie Mac, home loan, interest rate, interest-free loans, Mortgage, mortgage and loan repayments, mortgage loan, mortgage rate, mortgage rate down, mortgage securities, Mortgage-backed security, Structured finance, Subprime crisis impact timeline, Subprime mortgage crisis, U.S. Federal Reserve
WASHINGTON- 30-year fixed mortgage rates drop to 4.93% for the second straight week, showed by a report on Thursday, but still are above than the lower record of last years. 
This week, the average rate on a 30-year mortgage was recorded 4.93% that was 4.97% a week earlier, stated by Freddie Mac mortgage finance company.
In the beginning of December, a drop in the rates recorded to low of 4.71%, drooped in the response of government’s campaign to shrink the borrowing costs of consumer.
Mortgage rates were collected by Freddie Mac from Monday to Wednesday every week from the lenders of the whole country. Fluctuations occur on rates even on the same given day and often in line with Treasury bonds (long-term).
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Posted on 05 January 2010
Tags: Finance, Mortgage, mortgage rate, mortgage rate down, Mortgage-backed security, refinancing
You can save your money in 2010 By refinancing your loan at low interest rates, Because Mortgage rates will hopefully go downward up to some extent. You will end up with saving hundreds of dollars on your monthly mortgage payment. It is extremely important to find out what interest rate you will qualify for before you refinance your loan.
Purchases are expected to begin as soon as next week and up to $500 billion will be bought. that’s why possibly it will go into the 4.5 to 5.0% range that everyone seems to be talking about. I reserve the right to be wrong.
As interest rates decline, investment customers can become more or less interested, depending upon the direction of economic growth, inflation, appetite for the given product, and several other factors. The lower those rates get, the fewer investors are interested in putting them on their books. There are many kinds of bonds available, and mortgage rates rise and fall with those competing investments to a greater or lesser degree.
However, there is a significant amount of uncertainty compared to previous years due to the fallout from quantitative easing. So it’s hard to affirm they will go down in 2010. That’s a multi-billion dollar guessing game. If rates move substantially lower you can refinance, again. But the government only controls short-term rates by Fed rate cutting. The market determines long-term rates.
