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Glenn Main's Blog

Updated Oct. 9, 2013
Mortgage rates in the U.S. fell to the lowest level in Freddie Mac records after the Federal Reserve announced a plan to reduce borrowing costs even further.. The average rate for a 30-year fixed loan dropped to 4.01 percent in the week ended today from 4.09 percent, Freddie Mac said in a statement. That's the...
Market 10-5-2011
Updated Oct. 9, 2013
Bond markets were slightly weaker today and Mortgage Rates edged just slightly higher, shifting the balance toward 4.0% as the more prevalent Best-Execution rate, up from 3.875% yesterday.. markets seem poised to move in either direction leading up to and following Friday's Employment Situation Report,...
Jumbo Rates
Updated Oct. 9, 2013
Following is a comparison of mortgage rates for "jumbo" mortgages or mortgages greater than $417,000. During the past five years, the monthly mortgage payment for a hypothetical $500,000 30-year fixed jumbo mortgage has fallen $407 according to a survey compiled by Bankrate. In certain areas, a jumbo loan is...
Va Change
Updated Oct. 9, 2013
Veterans Benefits Administration Circular 26-11-12D. epartment of Veterans Affairs September 8, 2011 Washington, DC 20420 . FUNDING FEE CHANGES EFFECTIVE OCTOBER 1, 2011 . 1. Purpose: This circular announces changes in funding fees for Department of Veterans Affairs (VA) loans closed on or after October 1,...

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