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Mortgage Rate Predictions

May 23, 2017 2:46PM PDT

Rate Update 5/23/2017 : Yields have risen modestly over the last 3 trading sessions. The 2.23%-2.25% range over the past few days looks good if we take a few steps back from the narrow time frame and think about the broader recent context.Are the 2.23-2.25% yields indicative of more strenght to come or will they bounce?  If you were to ask equities markets or even European bond markets, they'd suggest we should already have bounced! So we're back to waiting for more info on the potential scandal.  Bookmark this page for mortgage rates:• 30 year (FRM) rates at 4.03% (+0.00%).• 15 year (FRM) rates at 3.29% (+0.01%).• FHA 30 year Fixed rates at 3.75% (+0.00%)... More

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

3.805%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated May 24, 2017
  • 25 Year Old Mortgage Company
  • Incredible Customer Service
  • Extraordinary Rates and Fees

4.052%

APR
30 Year Fixed
3.990% Rate $954/mo
  • Updated May 24, 2017
  • Low Mortgage Rates. Everyday.
  • Application to Closing in under 30 days
  • Affordable, fast , easy and eager to serve. That's Rate30

4.041%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated May 24, 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

3.791%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated May 24, 2017
  • LISTED ON THE WALL STREET JOURNAL'S "MOST COMPETITIVE 30 YEAR RATES IN THE U.S.A." REPORT.
  • National lender with over 2 billion in closed loans
  • Specializes in Conventional, FHA, VA, USDA, Jumbo, Harp & Specialty Loan Programs

3.904%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated May 24, 2017
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

3.904%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated May 24, 2017
  • $1,000 Best Rate Guarantee
  • Get online rates, payments and a Good Faith Estimate
  • Skip the salesman. Keep the commission!

3.826%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated May 24, 2017
  • Certified Upfront Lender! Online Good Faith Est! Apply & Lock Rate 24/7!

4.037%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated May 24, 2017
  • Competitive interest rates

3.979%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated May 24, 2017
  • Skip the salesman. Keep the commission! View and lock your rate online.

3.885%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated May 24, 2017
  • Excellent Service, Great Rates and Convenience

3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated May 24, 2017
  • Save when you borrow from PenFed!

4.325%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated May 24, 2017
  • A+ Rating with the Better Business Bureau
James Brooks
By James Brooks The bond market is down 1/32 (2.25%), should keep today's mortgage rates unchanged. There is nothing of importance scheduled for today. The rest of the week brings us the release of five pieces of economic data that may impact mortgage rates in addition to two Treasury auctions and the minutes from the latest FOMC meeting. None of the events are considered key or expected to be a market mover, but most of them carry enough...
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Mark Hemingway
President Trump began his first foreign trip in Saudi Arabia and other Gulf States over the weekend as the U.S. signed $350 billion worth of defense equipment and service supports, which is lifting Stocks this morning. The president will now visit Israel on Monday and Tuesday, Rome and the Vatican on Wednesday. Stocks took a hit last week over political turmoil out of the Trump administration, but those concerns quickly faded. The closely S&P...
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MEL SMITH--LENDER OF THE MONTH
An FHA streamline refinance gives you something you seldom get in the financial world--savings on money and time. However, only borrowers who meet certain circumstances can get a break when refinancing a home purchase loan that was initially backed by the Federal Housing Administration. Here are the conditions that must be met: 1. You can't be delinquent on your current FHA loan. 2. You can't take out more than $500 in cash from the refinance. 3
Leah TenBieg
With summer just around the corner, the heat tends to raise residential utility bills substantially for homeowners. However, by taking a few simple tips into consideration, your home can function properly while beating the heat and saving some extra money on those rising bills. Keep your thermostat under control A great solution to cooling your house down while staying somewhat budget friendly is to utilize a programmable thermostat. By...
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James Brooks
By James Brooks The bond market is up 7/32 (2.37%), which should improve today's mortgage rates by approximately .125 of a discount point. Today’s only mortgage-relevant event is the first of this week’s two important Treasury auctions. 10-year Notes are being sold today while 30-year Bonds will be auctioned tomorrow. Results will be posted at 1:00 PM ET each day, so any reaction will come during early afternoon trading....
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Mark Hemingway
Fannie Mae released its Home Purchase Sentiment for April, which signaled a rebound following the March dip. The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.2 percentage points in April to 86.7. The report saw five of the six components within the index increase. The net share of Americans who reported that now is a good time to buy a home increased 5 percentage points, while those who felt is a good time to sell declined five...
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James Brooks
By James Brooks The bond market is down 6/32 (2.40%), which should increase today's mortgage rates by approximately .125 of a discount point. Today also has nothing of importance scheduled. Unfortunately, that leaves little to be optimistic about in terms of bond and mortgage rate direction the next couple days. With the benchmark 10-year Treasury Note yield on the rise again, we start worrying about important resistance points. If it moves...
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bcahoone
By rchrisman@robchrisman.com (Thanks to Norm O. for this one.)I recently spent $6,500 on a young registered Black Angus bull. I put him out with the herd but he just ate grass and wouldn't even look at a cow. I was beginning to think I had paid more for that bull than he was worth. Anyhow, I had the vet come and have a look at him. He said the bull was very healthy but possibly just a little young - so he gave me some pills to feed him once...
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James Brooks
By James Brooks The bond market is down 1/32 (2.35%), which should keep today's mortgage rates unchanged. Today's release of April's Employment report did show some notable surprises. It revealed that the unemployment rate fell to 4.4% last month, its lowest level since May 2007, from 4.5% in March. Analysts were expecting to see an increase to 4.6%. The payroll number also came in stronger than expected at up 211,000 when 185,000...
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bcahoone
By rchrisman@robchrisman.comMost people don't know that in 1912, Hellmann's mayonnaise was manufactured in England. In fact, the Titanic was carrying 12,000 jars of the condiment scheduled for delivery in Vera Cruz, Mexico, which was to have been the next port of call for the great ship after its stop in New York. This would have been the largest single shipment of mayonnaise ever delivered to Mexico. But as we know, the great ship did...
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Mortgages for Veterans
By far one of the most well-known VA benefits is the ability to buy a home without a down payment. But it is one of those perks that sparks a flurry of questions: "What other costs are involved?" "Is there a catch?" and, of course, the big "Why?"
Mortgages for Veterans
If you're thinking of building a new home, a VA construction loan is a great way to finance the endeavor. Building a home rather than buying an already built home requires lots of patients and hard work. From finding the right builder to finding a lender willing to lend money for the construction process, things can be complicated. Luckily, the Department of Veteran Affairs offers construction loans for veterans and active-duty military...
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MEL SMITH--LENDER OF THE MONTH
Are you eligible for the Refinance program?If you now have a HARP loan, you won't be eligible to refinance through these programs, because you've previously received federal mortgage relief. To be qualified, you need to also: 1.Have made 12 uninterrupted monthly mortgage payments on the loan since it became part of Fannie Mae's or Freddie Mac's portfolio.2.Not have made a late payment within the past six months.3.Not have missed more than one...
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Rob Koellner
http://www.robkoellner.com/usda.html USDA Program Makes "Rural" Homes More Accessible One of the biggest difficulties many first-time homebuyers face is a lack of down payment and the necessary funds for closing costs. However, even with the widespread availability of "no-money-down programs" evaporating in the credit crisis,
bcahoone
By rchrisman@robchrisman.com (Thanks to Ellen L. for this one.)A man hears a knock at his door. When he opens it, he looks down and sees a snail. He picks it up and tosses it into his yard.Two year later, he gets a knock at his door. Looks down, same snail. The snail looks up and cries out, "What was that all about?" I often post jobs here, and CEOs will occasionally ask me about retail LO comp versus Consumer Direct comp. For 2015, retail...
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Mortgages for Veterans
Many people are familiar with the benefits associated with VA home loans, such as no down payments and lower interest rates. But there is one home financing product with which many veterans are unfamiliar: The VA construction loan.On this new blog, we will discusses the various benefits of VA constr
Mortgages for Veterans
A VA home loan backed by the U.S. Department of Veteran Affairs is typically more flexible than other conventional home loans, but that doesn't mean qualifying is a done deal. VA lenders are borrower-friendly and the VA loan process as a whole is accommodating and easy to understand, but some road blocks can pop up along the way. Here are 3 VA loan hurdles and how they can best be overcome: Low Credit Score: The
Mortgages for Veterans
Have you ever found yourself wondering, "Whatever happened to an old military friend?" We form special bonds while serving side by side in the U.S. Armed Services. Sometimes those friendships are able to stand the test of time, but other times, life gets in the way and we lose touch. If you would like to find an old brother or sister in arms, or just want to keep in touch with your military colleagues, check out
James Brooks
By James Brooks The bond market is down 10/32 (2.28%), which should push today's mortgage rates higher by approximately .250 of a discount point. There is nothing of relevance set for release today. The rest of the week brings us the release of six monthly and quarterly economic reports that may affect mortgage rates in addition to a couple of Treasury auctions. One those reports is considered to be extremely important to the financial and...
read more...
James Brooks
By James Brooks The bond market is up 6/32 (2.22%), which should improve today's mortgage rates by approximately .125 of a discount point. Today's only relevant economic data was March's Existing Homes Sales at 10:00 AM ET. The National Association of Realtors announced a 4.4% rise in home resales last month. This exceeded expectations and pushed sale levels to their highest point since February 2007. Because housing sector...
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Mark Hemingway
Freddie Mac released its April outlook this week revealing that for-sale inventories of homes, especially starter homes, are currently at their lowest level in over 10 years. If inventories continue to decrease, home sales will most likely decline from the 2016 levels. Freddie went on to say that low unemployment and increasing inflation are still ongoing trends. As far as rates, Freddie predicts that the 30-year fixed conforming rate will top...
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bcahoone
By rchrisman@robchrisman.comThe English language is always changing. For example, when did "blackstone" become a verb, as in, "I was 'blackstoned' last week and will start collecting unemployment!"? Blockchain is another new word. Veronica Lange, head of innovation at UBS, said at a conference that despite the progress in blockchain technology, it will be a decade before the technology transforms financial services. Financial regulators...
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Mark Hemingway
Inclement weather during March in the Midwest and Northeast sent a chill in residential new home construction after the unseasonably warm weather in February. The Commerce Department reported that Housing Starts in March fell nearly 7% from February to an annual rate of 1.215 million annualized units, below the 1.256 million expected. February was revised higher to 1.303 million from 1.288 million. From March 2016 to March 2017, Housing Starts...
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bcahoone
Tax Day...The IRS decides to audit Grandpa and summons him to the IRS office. The IRS auditor was not surprised when Grandpa showed up with his attorney. The auditor began with, "Well, sir, you have an extravagant lifestyle and no full-time employment, which you explain by saying that you win money gambling. I'm not sure the IRS finds that believable.""I'm a great gambler and I can prove it," says Grandpa. "How about a...
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James Brooks
By James Brooks The bond market is up 12/32 (2.20%), which should improve today's mortgage rates by approximately .125 of a discount point. There were two pieces of economic data posted this morning, giving us mixed results. March's Housing Starts was the first, coming at 8:30 AM ET. The Commerce Department announced a 6.8% decline in new home groundbreakings during March. This was a larger decline than analysts were expecting,...
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Mortgages for Veterans
When you wake up in the morning and get dressed, what kind of statement does your clothing make? Whether you wear brand-name designer clothes or thrift store hand-me-downs, your wardrobe says something about you. Nine Line Apparel, a veteran-owned clothing company, says being proud of who you are in your clothing is what's importan
James Brooks
By James Brooks The bond market is down 4/32 (2.39%), which should increase today's mortgage rates by .125 of a discount point. There is nothing of importance set for today. The rest of the week brings us the release of only four pieces of economic data that are likely to influence mortgage rates in addition to a couple of Treasury auctions. Most of the data that is scheduled this week is considered to be highly important though. It is a...
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Mark Hemingway
Fannie Mae released its Home Purchase Sentiment Index late last week revealing that housing confidence dipped in March following February's survey high. The survey showed that five of the six components that make up the index were down. The net share of Americans who reported that now is a good time to purchase a home fell by 10 percentage points, while those who feel that now is a good time to sell rose by 9 percentage points. Americans...
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James Brooks
By James Brooks The bond market is down 6/32 (2.35%), whih should increase today's mortgage rates by .125 of a discount point. The bond market improved after the FOMC minutes were posted yesterday afternoon. They didn’t reveal a significant surprise, but did seem to hint at a slower unraveling of the mortgage bonds they hold on their balance sheet. The concern is that once the Fed starts selling holdings they previously purchased...
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MEL SMITH--LENDER OF THE MONTH
To establish 'how much house can I afford', the typical rule is that your monthly expenses should not surpass 36%. The 36% rule is based on dividing your monthly mortgage payments and other monthly debt payments by your gross monthly income. Important factors in gauging affordability are 1) Your monthly income 2) Available funds to cover your down payment and closing costs 3) Your monthly expenses 4) Your credit profile Income - Money that you rec
Mortgages for Veterans
Buying or refinancing a home is a big decision. We have compiled a list of the most common VA home loan questions to help make the decision process a little easier. Why should I get a VA loan over other loans?There are several advantages to using a VA loan to buy or refinance a hom
MEL SMITH--LENDER OF THE MONTH
A USDA home loan is a zero down payment mortgage for qualified rural and suburban homebuyers. USDA loans are distributed through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture. The USDA invested almost $20 billion in 2014 to help nearly 140,000 families buy and improve their homes. It offers low interest rates and no down payments, and you may be...
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bcahoone
By rchrisman@robchrisman.com Thanks to Bob F. who sent:What did the bra say to the hat?"You go on ahead, and I will give these two a lift." On this date in 1867, 150 years ago, a few years before I started trading MBS, Seward's Folly was created. Put another way, on this date a treaty was signed where the United States purchased "Russian America" (Alaska) for $7.2 million in gold bricks, or two cents per acre. Many called it worthless, which...
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Mortgages for Veterans
Small business is the heart and soul of the American economy. And some of the greatest businesses around are run by veterans. In fact, more than 2.4 million businesses, employing more than 5.8 million workers, are veteran owned. One of the benefits of being a veteran is access to training and financing to start your own business. The Small Business Administration (SBA), a government-run agency that helps American citizens finance business...
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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...
read more...
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...
read more...
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
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