Mortgage

Mortgage Rates & Trends: Mortgage Blog from Total Mortgage

• Interest Rates, Mortgage Rates, Possibly on the Rise?
      Coming off the heels of the narrowest confirmation vote in the history of the Federal Reserve, many Fed watchers expect Chairman Ben Bernanke to unveil plans to raise interest rates in the coming year. Despite being pilloried by many in the public and some lawmakers, Bernanke’s confirmation can be seen a (somewhat underwhelming) vote of confidence [...] […]
• Federal Reserve May Purchase Additional Mortgage-Backed Securities
  According to a story published in The Washington Post this morning, William C. Dudley, President of the Federal Reserve Bank of New York, said the Federal Reserve may opt to renew its commitment of purchasing additional mortgage-backed securities if the economy begins to weaken again. On March 31, the Federal Reserve will complete its obligation [...] […]
• Current Mortgage Rates from Wells Fargo vs. Current Mortgage Rates from Total Mortgage
  San Francisco-based Wells Fargo Home Mortgage is offering a current mortgage rate of 4.875% on a 30-year fixed, with borrowers paying a 1-point Origination Fee. When Total Mortgage Services rolled out their rate sheets this morning, their current mortgage rate on the same 30-year fixed was 4.875%, paying no points, while 4.750% was the matching [...] […]
• Why is Mortgage Volume Diminishing?
  There are varying reasons that are ultimately affecting the decline in newly originated mortgage loans. Luckily, though, current mortgage rates are not a determining factor. As current mortgage rates remain historically low today, they will eventually contribute to the waning volume as analysts predict mortgage rates will climb as high as 6% one year from [. […]
• Current Mortgage Rates Down
  According to government-sponsored enterprise Freddie Mac, the average rate on a 30-year fixed-rate mortgage again fell below 5% this week. Frank Northaft, Chief Economist for Freddie Mac, noted that current mortgage rates inched below the 5% range as the mortgage market waited for the results of the year’s first meeting of the Federal Reserve’s policy-settin […]