Mortgage Center

Mortgage Rates - Monday, July 13, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Mon, 13 Jul 2009 10:53:00 +0000

Mortgage rates are trading wildly today, currently sitting right about where they opened. We've seen tremendous improvements to rates in the past few weeks and have ridiculously low adjustable rates in the market again. Stay tuned, with as much improvement as we've had, things could go wild in no time flat.

30 Year Fixed
Rate	Points	APR
4.875%	0.62%	4.990%
5.000%	0.28%	5.086%
5.125%	0.00%	5.185%
20 Year Fixed
Rate	Points	APR
4.750%	0.72%	4.872%
4.875%	0.29%	4.961%
5.000%	0.00%	5.057%
15 Year Fixed
Rate	Points	APR
4.250%	0.96%	4.386%
4.375%	0.55%	4.478%
4.500%	0.33%	4.586%
7/1 ARM
Rate	Points	APR
4.250%	1.13%	4.401%
4.375%	0.71%	4.492%
4.500%	0.27%	4.581%
5/1 ARM
Rate	Points	APR
3.750%	1.11%	3.893%
3.875%	0.76%	3.991%
4.000%	0.42%	4.089%
FHA 30 Year Fixed
Rate	Points	APR
4.750%	2.03%	4.985%
4.875%	1.50%	5.065%
5.000%	0.68%	5.121%
Assumptions
Assumptions

Mortgage Rates - Friday, July 10, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Fri, 10 Jul 2009 16:08:55 +0000

Mortgage rates are on a roll today after yesterday's moderate sell-off. Rates this morning:

		30 Year Fixed
Rate%	Points in $	Standard Fees	Total Fees	APR
4.750%	$ 4,236.00	$ 1,495.00	$ 5,731.00	4.93%
4.875%	$ 1,917.00	$ 1,495.00	$ 3,412.00	4.99%
5.000%	$ 663.00	$ 1,495.00	$ 2,158.00	5.08%

Standard Assumptions Apply

A look at the bond page is interesting. Each of those little colored lines represents some moving average for bonds. The orange line that we're currently battling is the 100-day moving average. It has been tough to hold over this line and we're on the back end of a pretty solid, prolonged rally. We're currently floating, but prepared for a market reversal.

Mortgage Rates - Thursday, July 9, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Thu, 09 Jul 2009 16:20:43 +0000

After yesterday's 66 basis point rally, we're seeing a moderate sell-off due to profit taking. Nonetheless, rates are improved.

Rate%	Points in $	Standard Fees	Total Fees	APR
4.750%	$ 2,775.00	$ 1,495.00	$ 4,270.00	4.89%
4.875%	$ 1,044.00	$ 1,495.00	$ 2,539.00	4.97%
5.000%	$ (267.00)	$ 1,495.00	$ 1,228.00	5.05%

Assumptions

Mortgage Rates - Wednesday, July 8, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Wed, 08 Jul 2009 15:06:37 +0000

Mortgage rates better again today as we look at a fifth consecutive trading session that is in the favor of mortgage rates. With earnings season underway, things can move quickly.

On today's daily update we discussed the new Fannie Mae restrictions that are going to be hitting the 2-unit market. We're still seeing particular loan products where guidelines are continuing to tighten.

Rate%	Points in $	Standard Fees	Total Fees	APR
4.750%	$ 4,290.00	$ 1,595.00	$ 5,885.00	4.92%
4.875%	$ 2,046.00	$ 1,595.00	$ 3,641.00	4.98%
5.000%	$ 840.00	$ 1,595.00	$ 2,435.00	5.07%
5.125%	$ (546.00)	$ 1,595.00	$ 1,049.00	5.16%

Assumptions

Mortgage Rates - Tuesday, July 7, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Tue, 07 Jul 2009 16:20:31 +0000

Mortgage rates are slightly improved on the day. Large 3-Year auction today ($35B) at Noon Central today is expected to go well. We're moving into earnings season for stocks now so things could get interesting. Yesterday, and now today, bonds have opened lower and fought back.

Rates for the 30 Year Fixed:

Rate%	Points in $	Standard Fees	Total Fees	APR
4.875%	$ 2,829.00	$ 1,595.00	$ 4,424.00	5.00%
5.000%	$ 1,530.00	$ 1,595.00	$ 3,125.00	5.09%
5.125%	$ 408.00	$ 1,595.00	$ 2,003.00	5.19%

Assumptions

Mortgage Rates - Monday, July 6, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Mon, 06 Jul 2009 10:30:00 +0000

Mortgage rates are nearly flat on the day and roughly the same as at the close of the market on Thursday before the holiday weekend. Our forecast is nonetheless for rates to be a bit choppy this week as negative economic news tries to push rates lower and a weak US Dollar tries to push rates higher. Stay tuned....

Rate%	Points in $	Standard Fees	Total Fees	APR
4.875%	$ 3,180.00	$ 1,595.00	$ 4,775.00	5.01%
5.000%	$ 1,884.00	$ 1,595.00	$ 3,479.00	5.10%
5.125%	$ 525.00	$ 1,595.00	$ 2,120.00	5.19%

Assumptions

Mortgage Rates - Thursday, July 2, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Thu, 02 Jul 2009 15:08:57 +0000

Mortgage rates are pushing lower again today as money comes out of the stock markets--the Dow is currently down 160 points and the NASDAQ is off 2.25%.

Unemployment is at 9.5% and non-farm payrolls came in worse than expected. Today could be volatile with the markets closed tomorrow in observance of Independence Day.

Rate%	Points in $	Standard Fees	Total Fees	APR
4.875%	$ 3,117.00	$ 1,575.00	$ 4,692.00	5.01%
5.000%	$ 1,575.00	$ 1,575.00	$ 3,150.00	5.09%
5.125%	$ (96.00)	$ 1,575.00	$ 1,479.00	5.17%

Assumptions

Mortgage Rates - Wednesday, July 1, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Wed, 01 Jul 2009 16:11:24 +0000

Mortgage rates are trading in a fairly broad range today. In the news we have the periodically-accurate ADP Jobs Report showing a pretty bad forecast for tomorrow's official Jobs Report. ADP shows 473,000 lost jobs versus consensus of 394,000.

The Dow ended up closing out the second quarter up 11%---the best quarter since 2003. Mortgage rates are currently testing their 200-day average and are sitting almost 300 basis points better than their worst levels in early- to mid-June. This is one of those situations where it could get a little choppy, but this is good news overall.

Rate%	Points in $	Standard Fees	Total Fees	APR
5.000%	$ 3,135.00	$ 1,575.00	$ 4,710.00	5.14%
5.125%	$ 1,452.00	$ 1,575.00	$ 3,027.00	5.22%
5.250%	$ (129.00)	$ 1,575.00	$ 1,446.00	5.30%

Assumptions

Mortgage Rates - Tuesday, June 30, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Tue, 30 Jun 2009 09:00:00 +0000

Mortgage rates are struggleling through a choppy day right now. Overall, the same rate from a quote on Monday would now cost approximately 10 basis points more. On a $250,000 loan, this is roughly an increased discount fee of $250.

Rate%	Points in $	Standard Fees	Total Fees	APR
4.750%	$ 6,387.00	$ 1,575.00	$ 7,962.00	4.98%
4.875%	$ 4,122.00	$ 1,575.00	$ 5,697.00	5.04%
5.000%	$ 2,733.00	$ 1,575.00	$ 4,308.00	5.13%
5.125%	$ 1,089.00	$ 1,575.00	$ 2,664.00	5.21%
5.250%	$ (447.00)	$ 1,575.00	$ 1,128.00	5.29%

Assumptions

Mortgage Rates - Monday, June 29, 2009

chrisrichter@chrisrichter.com (Chris Richter) — Mon, 29 Jun 2009 09:00:00 +0000

Mortgage rates for today open right in line with Friday's close.

Current mortgage rates hover in the low 5's and are battling with resistance against 200 day moving average.

Rate%	Points in $	Standard Fees	Total Fees	APR
4.750%	$ 5,331.00	$ 1,575.00	$ 6,906.00	4.95%
4.875%	$ 3,087.00	$ 1,575.00	$ 4,662.00	5.01%
5.000%	$ 1,950.00	$ 1,575.00	$ 3,525.00	5.10%
5.125%	$ 675.00	$ 1,575.00	$ 2,250.00	5.19%
5.250%	$ (1,059.00)	$ 1,575.00	$ 516.00	5.27%

Assumptions