Mortgage Rate Update – May 8, 2015

Mortgage 6

Friday May 8, 2015

Mortgage Rate Watch – 5/8

Mortgage Rates Lowest This Week After Jobs Report

Mortgage rates had been under heavy attack for several weeks before finally striking back yesterday. The counterattack could only go so far with today’s important Employment Situation …

MND NewsWire – 5/5

Are There More First-Time Buyers Than we Think?

Given how critical first-time homebuyers are to the housing system the Urban Institute says it is important to accurately measure how present they are in the market. The National Association …

MND NewsWire – 5/7

Mixed Signals in Fannie Housing Survey

Fannie Mae said on Thursday that while the results of its April National Housing Survey showed some improvement in housing sentiment, it was “likely not enough to trigger any breakout …

MND NewsWire – 5/5

Supply/Demand Pushing Home Prices Higher

Nationwide home prices are now within 10 percent of their pre-crash peaks and seven states have surpassed those peaks, some have been establishing new high marks for several months …

  • Banks Agree to Remove Credit Notations on “Zombie” Debt
  • GSEs Continue Financial Winning Streak
  • Vendor Updates; SAFE Act Changes on The Way?
  • Servicer Complaints Ebbing with Delinquencies
  • Final Rules for AMC Supervision Released by Regulators
  • MBS MID-DAY: Bullet Dodged After Weaker NFP, But More Coming?
  • Earlier Intervention Policy is Best for Housing Boom/Bust Cycles
  • 10% of Americans are “Credit Invisible”
  • Rate Increases Take Toll on Refi Apps

Today’s Rates

Best Execution
Rate Change
30 Yr FRM 3.87% -0.08
15 Yr FRM 3.17% -0.05
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 3.77% -0.06
5/1 Yr ARM 3.00% -0.02

Average Mortgage Rates

Rate Points Change
FHFA *
15 Yr. Fixed 3.47% 1.11 +0.02
30 Yr. Fixed 4.33% 1.33 -0.01
MBA **
30 Yr. Fixed 3.87% 0.38 +0.01
15 Yr. Fixed 3.16% 0.29 +0.01
30 Yr. Jumbo 3.84% 0.35 +0.03
30 Yr. FHA 3.67% 0.23 -0.02
5/1 ARM 2.82% 0.40 +0.06
Freddie Mac **
30 Yr. Fixed 3.80% 0.60 +0.12
15 Yr. Fixed 3.02% 0.60 +0.08
1 Yr. ARM 2.46% 0.40 -0.03
5/1 Yr. ARM 2.90% 0.40 +0.05

RESOURCES at Amazon Corner

Buying First Home: Tips, First Home Owners Grant & First Mortage Guide, Home Buying Process

Willie and the mortgage, showing how much may be accomplished by a boy

Should I Short Sale My Home?: You do have choices in this Real Estate Market.


TOP Net Lease CRE Investment Books – April Selection! **Additional 10% discount!

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