Today's Mortgage and Bond Rates 10/06/2009
Bond Market Rates Mortgage Rates
30 Year Treasury 4.06% 30 year Fixed 5.22%
10 Year Treasury 3.25% 15 Year Fixed 4.67%
2 Year Treasury 0.90% 1 Year ARM 4.03%
3 Month Treasury 0.07%
Other Stats
Oil 71.40 Gold 1.039.40 Dow 9,731.250
Rates edged higher today as stocks resumed the upward trend. Pundits are saying the economy is rebounding. I fail to see the improvement. With the 3 month Treasury at .07% there is still a lot of scared money in the market. Time will tell who is right on this call.
Mortgages still look to be a good for consumers if they can qualify. I sense that rates will be moving higher soon as when the Fed stops purchasing mortgage backed securities in the not to distant future.
Tuesday, October 6, 2009
Thursday, October 1, 2009
Current Mortgage and Bond Rates 10/01/2009
Today's Mortgage and Bond Rates
Bond Market Rates Mortgage Rates
30 Year Treasury 3.95% 30 year Fixed 5.13%
10 Year Treasury 3.18% 15 Year Fixed 4.60%
2 Year Treasury 0.87% 1 Year ARM 3.93%
3 Month Treasury 0.09%
Other Stats
Oil 70.19 Gold 1.000.40 Dow 9,509.00
Looks like we were a little early in calling the lows for the bond market and mortgage rates. The stock market struggled today and bonds were winners as a result.
The economy looks like it is either sinking again or maybe it never really recovered. That's not for me to decide.
The facts are that the employment numbers are still bad the manufacturing numbers are bad, housing is still bad. In this environment rates will be staying low for a while
Today's Mortgage and Bond Rates
Bond Market Rates Mortgage Rates
30 Year Treasury 3.95% 30 year Fixed 5.13%
10 Year Treasury 3.18% 15 Year Fixed 4.60%
2 Year Treasury 0.87% 1 Year ARM 3.93%
3 Month Treasury 0.09%
Other Stats
Oil 70.19 Gold 1.000.40 Dow 9,509.00
Looks like we were a little early in calling the lows for the bond market and mortgage rates. The stock market struggled today and bonds were winners as a result.
The economy looks like it is either sinking again or maybe it never really recovered. That's not for me to decide.
The facts are that the employment numbers are still bad the manufacturing numbers are bad, housing is still bad. In this environment rates will be staying low for a while
Sunday, September 27, 2009
Current Mortgage and Bond Rates 9/27/2009
Today's Mortgage and Bond Rates
Bond Market Rates Mortgage Rates
30 Year Treasury 4.07% 30 year Fixed 5.31%
10 Year Treasury 3.30% 15 Year Fixed 4.80%
2 Year Treasury 0.96% 1 Year ARM 3.96%
3 Month Treasury 0.09%
Rates are lower the markets seem to have some fear here that the economy may not be in the turnaround mode just yet. Weak housing number still seem to be weighing down the economy and continuing bad employment reports seem to me to indicate that the economy will continue to stagger along. I find it hard to believe that the stock market will hold up with all of the bumps that appear in the road. we may see a change as the quarter ends with some profit taking from some of the gains in the quarter.
This is good news on the mortgage front for now as rates are still low. As long as the fed keeps buying all the mortgage paper we will be in good shape. Of course you can only get a loan if you have perfect credit. So this precludes most people that really need to refinance.
This story has a long way to go.
Today's Mortgage and Bond Rates
Bond Market Rates Mortgage Rates
30 Year Treasury 4.07% 30 year Fixed 5.31%
10 Year Treasury 3.30% 15 Year Fixed 4.80%
2 Year Treasury 0.96% 1 Year ARM 3.96%
3 Month Treasury 0.09%
Rates are lower the markets seem to have some fear here that the economy may not be in the turnaround mode just yet. Weak housing number still seem to be weighing down the economy and continuing bad employment reports seem to me to indicate that the economy will continue to stagger along. I find it hard to believe that the stock market will hold up with all of the bumps that appear in the road. we may see a change as the quarter ends with some profit taking from some of the gains in the quarter.
This is good news on the mortgage front for now as rates are still low. As long as the fed keeps buying all the mortgage paper we will be in good shape. Of course you can only get a loan if you have perfect credit. So this precludes most people that really need to refinance.
This story has a long way to go.
Wednesday, September 23, 2009
30 Year Fixed 5.250%
15 Year Fixed 4.750%
1 Year Adjustable 4.750%
FHA 30 year Loan 5.375%
Rates are based on current market rates from competitive companies.
This would assume normal closing costs and normal fees
Mortgage rate advisory
The Fed held rates steady today and indicated that they will hold rats low for some time to come. They also announces that the y will start to slow their purchases of mortgage backed securities. Since they are the only buyers now this may cause an increase in rates as there is little demand for the product now.
This may be the beginning of an upward trend in rates
15 Year Fixed 4.750%
1 Year Adjustable 4.750%
FHA 30 year Loan 5.375%
Rates are based on current market rates from competitive companies.
This would assume normal closing costs and normal fees
Mortgage rate advisory
The Fed held rates steady today and indicated that they will hold rats low for some time to come. They also announces that the y will start to slow their purchases of mortgage backed securities. Since they are the only buyers now this may cause an increase in rates as there is little demand for the product now.
This may be the beginning of an upward trend in rates
Sunday, September 20, 2009
Current Mortgage Rates
09/20/2009
30 Year Fixed 5.250%
15 Year Fixed 4.750%
1 Year Adjustable 4.750%
FHA 30 year Loan 5.375%
Rates are based on current market rates from competitive companies. This would assume normal closing costs and normal fees
Mortgage rate advisory
Rates appear to be trending in a range between 4.875 and 5.25 for the thirty year fixed. In our view rates will continue to stay in this range for sometime. We believe that the economy is going to continue under stress for sometime to come and that mortgage rates will stay low because of this.
The stock market in our view seems to be way ahead of itself and is expecting a recovery in the economy in the not to distant future. With the unemployment rate at record high levels and little hope for new job growth in the near term i don't see how the economy can rebound.
09/20/2009
30 Year Fixed 5.250%
15 Year Fixed 4.750%
1 Year Adjustable 4.750%
FHA 30 year Loan 5.375%
Rates are based on current market rates from competitive companies. This would assume normal closing costs and normal fees
Mortgage rate advisory
Rates appear to be trending in a range between 4.875 and 5.25 for the thirty year fixed. In our view rates will continue to stay in this range for sometime. We believe that the economy is going to continue under stress for sometime to come and that mortgage rates will stay low because of this.
The stock market in our view seems to be way ahead of itself and is expecting a recovery in the economy in the not to distant future. With the unemployment rate at record high levels and little hope for new job growth in the near term i don't see how the economy can rebound.
Saturday, September 19, 2009
The Best Loan Deal
We have restarted posting, hopefully over the next weeks and months we will begin providing valuable information on loan programs. Your comments about the sight are welcome.
Click here to return to the main site page http://www.thebestloandeal.com/
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