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Mortgage Rate Predictions

Mar 28, 2017 10:59AM PDT

Rate Update 3/28/2017 : Today brings the week's first major economic data. Before that, we'll get an update on home prices from Case-Shiller. Several recent Home Price Indices suggest a big-picture shift away from stable-to-accelerating price appreciation. 5yr Treasury auction at 1pm is the most relevant auction of the week. This is not a huge market mover, but it can always have an impact if it is significantly stronger or weaker than forecast. In addition to auctions, we'll need to keep an eye out for the impact of corporate debt issuance.  Bookmark this page for mortgage rates:• 30 year (FRM) rates at 4.17% (-0.03%).• 15 year (FRM) rates at 3.39% (-0.02%).• FHA 30 year Fixed rates at 3.75% (-0.05%).• Jumbo 30 year Fixed rates at 4.38% (-0... More

Displaying rates for Mortgage Refinance in VA for $200,000

4.013%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated March 30, 2017
  • Direct Mortgage Lender
  • Nationally Competitive Rates
  • Simplifying the Mortgage Process

4.167%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated March 30, 2017
  • Competitive rates and fees: No fancy branches = savings passed on to you!
  • Excellent service: We can assist you every step along the way.
  • Credible: FDIC Insured Bank, A+ rating with Better Business Bureau. NMLS 424182

4.655%

APR
30 Year Fixed
4.560% Rate $1,021/mo
  • Updated March 30, 2017
  • We close our loans FAST - many in 30 days or less!
  • Rates are still incredibly low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated March 30, 2017
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
  • Save time & avoid paperwork by sharing your financial info instantly.

4.483%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated March 30, 2017
  • Direct Lender.
  • Get a free and no obligation rate quote in Virginia.
  • Call now and lock-in your low rate!

4.043%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated March 30, 2017
  • Certified Upfront Lender! Online Good Faith Est! Apply & Lock Rate 24/7!

4.256%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated March 30, 2017
  • Array

4.555%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated March 30, 2017
  • A+ Rating with the Better Business Bureau
Seth A. Jacobs
Credit scores for millions of Americans may soon increase due to two major changes in credit scoring. Starting July 1, the three major credit agencies -- Experian, Equifax and TransUnion -- are dropping certain negative information from credit reports, including tax liens and civil judgments. This forthcoming change comes after FICO's announcement last year that it has begun using wireless and cable bill payment history, along with utilities...
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James Brooks
By James Brooks The bond market is up 16/32 (2.36%), which should improve today's mortgage rates by approximately .250 of a discount point. There is nothing of importance set for release today. The rest of the week brings us the release of four economic reports that have the potential to move mortgage rates, but none are considered to be highly important to the markets. There also are a couple of Treasury auctions set to take place that may...
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bcahoone
By rchrisman@robchrisman.comLast month when she received flowers from her husband on Valentine's Day, my friend quickly opened the card. All it said was, "No."What did that mean? She called her husband and asked him. "I didn't attach any message. The florist asked if I had a message and I said, 'No'." This week involves a fair amount of cross-country travel for me (California, Washington DC, Florida, and Utah), and as it turns...
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James Brooks
By James Brooks The bond market is down 4/32 (2.42%), we should see an increase of approximately .125 of a discount point in today's mortgage rates. February's Durable Goods Orders report was posted at 8:30 AM ET. The Commerce Department announced a 1.7% increase in new orders for big-ticket products such as airplanes and appliances. This was a little stronger than the 1.3% rise that was expected, but because this data is known to be...
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MEL SMITH--LENDER OF THE MONTH
Here are five ways to evade a costly post-closing catastrophe. 1. Carefully read the listing languageSome properties are listed for sale "as is," but you should simplify if that means the seller is absolutely indisposed to address major safety issues that might come up in an inspection that would make it difficult for them to sell the house to any buyer. If a seller will not put out any money for repairs be cautious and be prepared to move on. 2....
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Leah TenBieg
Is it really possible to determine when the best time to lock your interest rate in is? The mortgage industry is constantly displaying much uncertainty, making this decision quite tough. However, as the U.S. economy strengthens, mortgage rate shoppers should be well aware of the fact that rates can climb at any moment. Locking in a rate soon might be in their best interest. See below some factors that may make those who are in the market to...
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James Brooks
By James Brooks The bond market is up 6/32 (2.44%), which with yesterday’s afternoon strength should improve today's mortgage rates by approximately .125 - .250 of a discount point. Today also has nothing of relevance scheduled for release. This should allow bonds to remain positive unless something unexpected happens. The rest of the week brings us the release of only three monthly economic reports for the markets to digest and...
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bcahoone
By rchrisman@robchrisman.com Here's a case study for anyone interested in how, despite plenty of supposed internet security, money was stolen from a lender. It all began with an e-mail address that was compromised. "A title lawyer's email account was hacked by the thieves. A mortgage company had a refinance closing scheduled through the title company on Dec 23, which was the Friday before Christmas and a three-day weekend. The mortgage...
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Mortgages for Veterans
It's a common refrain: It's not that I don't want to help veterans, it's that I don't know how. Well,
Leah TenBieg
House flipping has become a popular investment as of recently. Simple fixes to a house that needs a makeover can drive up the price for a nice resell. However, house flipping is not as easy as it looks or sounds. See below to be aware of some common mistakes investors make when trying to sell a house for a higher price than what they paid: Not getting the house inspected before purchasing Before making the decision to flip a house, be sure to get...
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bcahoone
By rchrisman@robchrisman.com(Thanks to Andy P. for this one.)Every day an Irishman walks into a bar after 4 pm and orders the same thing 7 days a week: 4 shots of Irish of Irish Whiskey which he discretely downs one after another, pays, and then leaves. One day the bartender asks "Hey man it's like clockwork that you come in here every day after 4, pound 4 shots of Irish whiskey and leave. Can you please explain your routine to me?"The...
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MEL SMITH--LENDER OF THE MONTH
1. Apply to a minimum three lenders to compare administrative fees. One of the biggest closing costs is the administrative fees lenders charge. When you apply to numerous, you will receive closing estimates from each one. Compare their administrative fees to find out what will be least expensive. You can negotiate with each lender until you find the most economical deal. 2. Shop for third party services.Once you have chosen a lender, review the...
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Winstonrowe
The Best Places To Get A Small Business Loan No Upfront Fee Commercial and Business Loans: Winston Rowe & Associates does not charge upfront fees like other capital sources and offers a full spectrum of capital nationwide that includes commercial hard money and conventional loans, lines of credit, operating capital, factoring and preferred equity.
Mark Hemingway
Job growth in the private sector surged in February, due in part to unseasonably mild weather. Construction, manufacturing and goods producing jobs dominated the gains with a shift away from lower paying service sector positions. ADP reported that private payrolls rose to 298,000 last month, well above the 180,000 expected. "February proved to be an incredibly strong month for employment with increases we have not seen in years," said Ahu...
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James Brooks
By James Brooks The bond market is down 14/32 (2.56%), which will likely push this today's mortgage rates higher by approximately .250 of a discount point. There were two pieces of data posted early this morning. The one that surprised the markets was ADP?s private sector payroll number at 8:15 AM ET. It showed that 298,000 new jobs were added, greatly exceeding forecasts of 180,000. Because this points towards strength in the employment...
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Winstonrowe
Unsecured Business Loans No Upfront Fees Winston Rowe & Associates can help you get the startup business loan you need with no collateral required, minimal documentation, and without annual fees or prepayment penalties. One of the biggest advantages to getting a startup business loan with the help of Winston Rowe & Associates is that the applica
Mark Hemingway
The closely watched monthly Jobs Report for February will be delivered this Friday and the numbers usually carry big headline risk. It is expected that U.S. employers added 188,000 new workers last month, which would be below the 227,000 created in January. Federal Reserve members will dissect the numbers to reinforce the notion of higher interest rates in 2017. Steady job growth is a key factor in the Fed's decision on interest rate policy....
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Mark Hemingway
The S&P/Case-Shiller 20-city Home Price Index saw a 5.6% annual gain from December 2015 to December 2016, as low housing inventory continued to fuel rising home prices. Within the index it showed that Seattle, Washington; Portland, Oregon; and Denver, Colorado had the largest year-over-year gains. "With all 20 cities seeing prices rise over the last year, questions about whether this is a normal housing market or if prices could be heading...
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bcahoone
By rchrisman@robchrisman.com The last day of February, already? Wasn't it just New Years? Time flies by, things progress. Yesterday the Chamber of Digital Commerce, the world's largest trade association representing the blockchain industry, and the Structured Finance Industry Group (SFIG) announced the formation of a strategic partnership focused on advancing the use of blockchain technology in securitization markets. Heck, I barely...
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James Brooks
By James Brooks The bond market is up 9/32 (2.39%), we should improve today's mortgage rateby .125 of a discount point. We had the first of this week's two relevant Treasury auctions take placeyesterday. The 5-year Note sale did not go very well with severalbenchmarks pointing towards weak interest in the securities. This newsdidn't cause bonds to slide as they were already losing ground beforeresults were posted at 1:00 PM ET....
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Mark Hemingway
The Dow Jones Industrial Average began the day with nine straight record high closes beginning at 20,775.60, while the S&P and NASDAQ are right near record highs. The major indices have been driven higher by positive corporate earnings, better-than-expected economic data, and President Donald Trump's election promises of lower taxes, reduced regulations and higher infrastructure spending. In comparison, the Dow closed at 6,547.05 back on...
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MEL SMITH--LENDER OF THE MONTH
What is a late payment? According to the Credit Reporting Resource Guide: your payment can't be reported late until it's at least 30 days past due. Reporting you late when the bill is not at least 30 days past its due date violates federal law. You can establish a plan to not be late in the first place by doing the following: 1. Choose payment dates that are either at the same time, if that works for you, or staggered, such as on the...
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Leah TenBieg
Purchasing a home requires lots of your time and energy. While it's easy to go with the first rate you come across, it's smart to view multiple offers. This way, you are able to find the lowest rate possible. This is a time-consuming process but it's well worth the effort to explore your options. Trust who you get your rate from The lowest rate might not be the best rate for you and your current situation. If a company is offering...
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Mark Hemingway
Fed Chair Yellen will be testifying on the state of the U.S. economy on Tuesday and Wednesday in front of the Senate Banking Committee and the House Financial Services Committee, which could impact the markets. Ms. Yellen will most likely not drop any hints as to the timing of the next interest rate hike, but she also won't rule out a hike the the short-term Fed Funds Rate. Fed Fund Futures currently show a 30% chance of a hike to the Fed...
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James Brooks
By James Brooks The bond market is down 15/32 (2.38%), which should push today's mortgage rates higher by approximately .250 of a discount point. We saw bonds turn south after yesterday’s 10-year Treasury Note auction. The results of the sale gave us mixed results on investor interest in the securities. It appears the indicators that point towards a weak interest were the main focus as selling started immediately after the results...
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bcahoone
By rchrisman@robchrisman.com Southern Divorce....Priceless! (Thanks to Thomas A. for this one.)A judge was interviewing a South Carolina woman regarding her pending divorce and asks, "What are the grounds for your divorce?""About four acres and a nice little home in the middle of the property with a stream running by." "No," he said, "I mean what is the foundation of this case?" "It is made of concrete, brick, and mortar," she responded. "I...
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Leah TenBieg
Student loans, credit card debt from the holidays, and housing remodel expenses can all be taken care of this year by utilizing a cash-out refinance. Now that we are officially well into the new year, it would be nice to have some of these things taken care of. Read below to see how you can benefit from a cash-out refinance, and see if one is right for your current situation. Defining a cash-out refinanceWhile comparable to a regular refinance, a...
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James Brooks
By James Brooks The bond market is up 4/32 (2.46%), which should improve today's mortgage rates by approximately .125 - .250 of a discount point. The first of today's two relevant economic releases was January’s Employment report at 8:30 AM ET. It revealed that the U.S. unemployment rate rose 0.1% to 4.8% last month and that 227,000 new jobs were added to the economy. The payroll number was much higher than the 180,000 that...
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James Brooks
By James Brooks The bond market is up 8/32 (2.45%), which should improve today's mortgage rates by approximately .125 of a discount point. There were two pieces of data posted at 8:30 AM ET this morning. Neither were considered important to the financial or mortgage markets. The first was last week's unemployment update that showed 246,000 new claims for unemployment benefits were filed. This was a little lower than the 250,000 that was...
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bcahoone
By rchrisman@robchrisman.comMy Georgia cousin has two tickets for the 2017 SUPER BOWL, both box seats. He paid $3,000 for each ticket, but he didn't realize last year when he bought them, it was going to be on the same day as his wedding. If you are interested, he is looking for someone to take his place. His fiance's name is Heather, she's 5'6, roughly about 120 lbs., good cook too...it's at Bethel Church in Macon at...
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Mark Hemingway
U.S. employers announced more job cuts in January than in December mostly due to corporate downsizing in the retail and as seasonal workers were dismissed. Outplacement firm Challenger, Gray & Christmas reports that employers announced 45,934 payroll cuts in January, +37% from December in the retail sector. Cuts were 39% lower than January 2016. Mortgage rates were unchanged this week after last week's Gross Domestic Product showed tepid...
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Mortgages for Veterans
Tax season is officially here and there is some good news for injured veterans. The "Combat-Injured Veterans Tax Fairness Act of 2016," a law that says Veterans injured in combat do not have to pay taxes on the lump-sum disability payments they received, goes into effect this year. For Veterans who
bcahoone
By rchrisman@robchrisman.com(Thanks to Stephen S. for this one.)A lawyer named Strange passed away. His friend asked the tombstone maker to inscribe on his tombstone, "Here lies Strange, an honest man, and a lawyer." The inscriber insisted that such an inscription would be confusing, for a passerby would tend to think that three men were buried under the stone.However, he suggested an alternative. He would inscribe, "Here lies a man who was both...
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MEL SMITH--LENDER OF THE MONTH
Different from a mortgage pre-qualification, a preapproval is beyond a discussion with a lender. You will b required to submit quite a bit of paperwork. This includes employment verification and checking, savings and investment records. The lender will also pull a credit report on you. The components that lenders look for in mortgage preapproval are the consistent industry wide: A minimum two-year employment history in the same job or field.- A...
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Jackie McMichen
If you are considering a construction loan to build on a lot that you currently own or possibly looking into buying a piece of property with an existing tear down house there are several options for you to consider. There are still lot loans available but the most economical way to go about it is to purchase the lot and close on the construction loan all at the same time, thus eliminating the need for additional closing costs. The tricky part...
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Mortgages for Veterans
On Friday, Donald Trump was sworn in as the 45th President of the United States of America and one of his biggest stated policies is to bring reform to the U.S. Department of Veteran Affairs (VA). Trump has laid out his vision for VA reform in a 10-part plan that puts a large emphasis on helping veterans get the care they need, when they need it. Trump has vowed to eliminate the red tape that have back up the VA for decades. Trump says he will...
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bcahoone
By rchrisman@robchrisman.com Depository banks know that, per the AARP, more than 67% of US assets are controlled by individuals age 50+, with this group representing more than 67% of all bank deposits. If you don't think that lenders view reverse mortgages as a growth industry, you're wrong - it may be the last chance to lend to this generation, right? There is a lot of bank M&A going on and it is not always confined to banks: Fifth...
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Mark Hemingway
President Trump plans to sign an executive order to renegotiate NAFTA, the North American Free Trade Agreement, between the U.S., Canada and Mexico. NAFTA is a comprehensive agreement that sets rules for international trade and investment between the aforementioned countries. Mr. Trump's goal is to put American workers and businesses first when it comes to trade and to return millions of jobs to the U.S. U.S. Stocks are declining to begin...
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James Brooks
By James Brooks With the release of six economic reports due out this week that we will be watching in addition to a couple of Treasury auctions. The most important data will come late in the week, but the earlier events can still lead to minor changes in mortgage rates. There is nothing of importance set for tomorrow that is expected to influence mortgage pricing. Starting the week's calendar will be December's Existing Home Sales...
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Net Equity Loans.com
Getting a mortgage loan, whether FHA, refinancing, or conventional can take a little doing, but here are a few tips to prepare for the process. Get your FREE Quote Now! 1) Gather all your financial information in one place. Current W-2's (or 1099's), at least last years tax returns, preferably the last 2 years, current mor
Net Equity Loans.com
So you've finally made it to college. Your parents have been harping on you forever about the importance of getting good grades so you can graduate and get a great job making a lot of money in a field you love..... so right now you have no worries. I mean, you have the worries of writing that research paper by Thursday and of course doing well at school. But no "real life" worries. Or at least that's what your parents say. But one day...
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Net Equity Loans.com
The overall consensus of the upcoming 2017 Federal Reserve Board meetings is that interest rates will be rising in the near future. It's not all that surprising as interest rates have been at record lows for the last 6 to 7 years. What remains to be seen is what affect the Trump presidency will have on raising interest rates in the next couple of years. The
Mark Hemingway
President Donald Trump has taken the oath of office today in Washington D.C. Mr. Trump is now become the 45th president of the United States after resting his hand on his family bible and the Abraham Lincoln bible at 12:00 p.m. ET in Washington D.C. The transfer of power from Mr. Obama to Mr. Trump will be seen around the globe, which is broad casted from the steps of the U.S Capitol that houses Congress. Closing rates for mortgage loans rose to...
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bcahoone
By rchrisman@robchrisman.comA psychotherapist returned from a conference at Vail in the Rocky Mountains, where the delegates spent more time on the steep and very icy ski slopes than attending lectures and seminars.When she got back, her husband asked her, "So, how did it go?""Great," she replied, "but I've never seen so many Freudians slip."How many people find fault seemingly every day with the FHA, Fannie Mae, and Freddie Mac programs or...
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bcahoone
By rchrisman@robchrisman.comThe lawyer was cross-examining a witness. "Isn't it true," he began, "that you were given $5,000 to throw this case?"The witness did not answer. Instead, he just stared out the window as though he hadn't heard the question.The attorney repeated himself, again getting the same reaction, the same no response.Finally, the judge spoke to the witness, "Please answer the question.""Oh," said the startled witness,...
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James Brooks
By James Brooks The bond market is down 26/32 (2.42%), which should push today's mortgage rates higher by .375 of a discount point. December's Consumer Price Index (CPI) kicked off today's calendar at 8:30 AM. It showed a 0.3% increase in the overall reading and a 0.2% rise in the core data that excludes volatile food and energy prices. These readings pegged expectations and indicate inflation rose moderately at the consumer level...
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Paul Benezra
The Federal Housing Authority, or FHA, cut the annual mortgage insurance premium interest rate by .25% for FHA borrowers who closed on their new homes on or after January 27, 2016, making now a great time to buy and save in the process! What are FHA-backed loans? The FHA does not extend mortgages to prospective home buyers or lend directly to buyers; however, they do back certain mortgages, providing lenders with additional protections. The FHA...
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James Brooks
By James Brooks With the release of four economic reports due out this week, with one of them considered to be highly important for mortgage rates. The first data of the week is December's Consumer Price Index (CPI) at 8:30 AM Wednesday. This is one of the more important monthly reports for the bond market each month since it measures inflationary pressures at the consumer level of the economy. As with last week's Producer Price Index...
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bcahoone
By rchrisman@robchrisman.com A little boy returned from the grocery store with his mom. While his mom put away the groceries, the little boy opened his box of animal crackers and spread them all over the kitchen table. "What are you doing?" asked his mom. "The box says you shouldn't eat them if the seal is broken," said the little boy. "I'm looking for the seal." In Friday's commentary I included a piece on
James Brooks
By James Brooks The bond market is down 9/32 (2.39%), which should push today's mortgage rates higher by approximately .250 of a discount point. Yesterday’s 30-year Treasury Bond auction did not go badly but was not nearly as strong as Wednesday’s 10-year Note sale. Bonds did up some of their earlier gains during afternoon trading yesterday, causing some lenders to issue slight upward revisions to rates before the end of...
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