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Mortgage Rate Predictions

Apr 25, 2018 1:58PM PDT

Rate Update 4/25/2018 : Mortgage rates are continuing to move up and analysts are suggesting rates still have not reached their ceiling. Today has been another tough day as mortgage rates continue moving up into a new 4-year highs. Loan Officer’s suggesting locking now based on the slipperiness of the bond market as evidence the rates have not yet peaked.  Bookmark this page for mortgage rates:  • 30-year (FRM) rates at 4.69% (+0.05%)• 15-year (FRM) rates at 4.06% (+0.04%)• FHA 30-year Fixed rates at 4.50% (+0.05%)• Jumbo 30-year Fixed rates at 4.70% (+0.01%)• 5/1 ARM rates at 3.77% (-0.03%) More

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

4.800%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated April 26, 2018
  • Direct Lender. Billions Funded.

4.585%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated April 26, 2018
  • Save when you borrow from PenFed!

4.668%

APR
30 Year Fixed
4.625% Rate $1,029/mo
  • Updated April 26, 2018
  • 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

5.087%

APR
30 Year Fixed
4.990% Rate $1,073/mo
  • Updated April 26, 2018
  • 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.

5.349%

APR
30 Year Fixed
5.250% Rate $1,105/mo
  • Updated April 26, 2018
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.357%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated April 26, 2018
  • Get a free and no obligation rate quote in Virginia.
  • Direct Lender.
  • Call now and lock-in your low rate!
James Brooks
By James Brooks The bond market is down 10/32 (2.90%), which should push Raleigh Area mortgage rates higher by approximately .125 of a discount point. There is no relevant economic data being posted today that is expected to affect mortgage rates. The rest of the week brings us only two pieces of moderately important economic data for the bond market to digest along with the minutes from the most recent FOMC meeting. There are also a couple of...
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Winstonrowe
The U.S.A. economic outlook for this year for all major commercial real estate sectors, are expected to have extensive growth because of the impact of President Donald Trump's economic and business reactivation policies; tax reform, infrastructure spending, immigration policy, health care policy, business spending, deregulation and investment among others. The country's continued economic resurrection and rising employment in 2018,...
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Winstonrowe
Winston Rowe & Associates Real Estate Investing FinancingThe Small Business Administration does not actually loan money. Instead, it serves as a type of partial-repayment cosigner, which is why collateral is typically needed to acquire a SBA loan. SBA loans are used for different purposes. While most people associate a business loan with start-up capital,
James Brooks
By James Brooks The bond market is down 10/32 (2.65%), which should push Raleigh Area mortgage rates higher by approximately .125 of a discount point. December's Existing Home Sales was this morning's only relevant economic data. The National Association of Realtors announced a 3.6% decline in home resales last month. This was a larger decline than was expected, hinting at a softening housing sector. A weakening housing sector is good...
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Mark Hemingway
Mortgage rates inched higher in the latest week as Bond prices declined forcing borrowing costs higher. The Mortgage Bankers Association reports that the 30-year conforming fixed-rate mortgage rose to 4.39% from 4.36% in the previous week. Within the report it revealed that the home purchase index rose 6% to its highest level since April 2010 while the refinance index increased 1%. The National Association of REALTORS(R) reports that low...
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Leah TenBieg
Homeownership can sound like a lot to handle for some. However, by following some simple steps, purchasing your first home can be hassle-free. The process can be speedy and swift. Read below to see how you can help to make the home buying process an enjoyable experience. 1.Take a good look at your credit and have documents ready The first thought that might come to your mind is to find your dream home online, right away. Before getting ahead of...
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James Brooks
By James Brooks The bond market is again unchanged, which should keep Raleigh area mortgage rates unchanged. Today's holiday-shortened session has four relevant economic reports for the markets to digest. First on the schedule was November's Durable Goods Orders at 8:30 AM ET. The Commerce Department announced that new orders for big-ticket products rose 1.3% last month when analysts were expecting to see 2.1%. A secondary reading that...
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Mark Hemingway
Economic growth remained solid in the third quarter of 2017, spurred on by robust business spending that was well above the weak levels experienced at the beginning of the year. The final read on third quarter Gross Domestic Product rose 3.2%, just above the 3.1% from second quarter. However, within the report it showed that consumer spending, which accounts for two-thirds of economic activity, rose 2.2%, down from 3.3% in the second quarter....
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James Brooks
By James Brooks The bond market is currently up 6/32 (2.34%), we should a slight improvement in Raleigh area mortgage rates. Last week’s unemployment update was posted early this morning, revealing that 236,000 new claims for unemployment benefits were field last week. This was a small decline from the previous week’s 238,000 initial filings. Since analysts were expecting to see an increase in claims, we can consider this data...
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Mark Hemingway
The Federal Reserve reports that home equity hit an all-time high in mid-2017 at $13.9T, up $0.5T from the 2006 peak and up $6T from the lowest point in the Great Recession. Quickly rising home prices are the main reason for the equity gains. Increasing home prices have also helped many homeowners to come out of negative equity. There were 12.2 million homeowners in negative equity at the end of 2009. That number has now decreased to just under 3...
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James Brooks
By James Brooks The bond market is unchanged from Friday's early close (2.34%), which should keep Raleigh area mortgage rates at Friday's levels. The week started with a relatively minor economic release late this morning. The Commerce Department gave us October's New Home Sales data at 10:00 AM ET, announcing a 6.2% rise in sales of newly constructed homes. This was much stronger than expected and pushed sales to their highest...
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James Brooks
By James Brooks The bond market is down 2/32 (2.34%), which should keep Raleigh area mortgage rates unchanged. Wednesday’s afternoon release of the minutes from the most recent FOMC meeting gave us some bond-favorable information. They showed that Fed members are growing more concerned about inflation running well below their preferred level. There was also some talk of the fact the Fed may have raised key rates prematurely because...
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James Brooks
By James Brooks The bond market is up 6/32 (2.33%), which should improve Raleigh area mortgage pricing by approximately .125 of a discount point. October's Durable Goods Orders report was released at 8:30 AM ET this morning. The Commerce Department announced a 1.2% decline in new orders for big-ticket products. This was weaker than the 0.4% increase that was forecasted. Even a secondary reading that excludes more volatile and costly...
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Mark Hemingway
The National Association of REALTORS(R) reports that Existing Home Sales in October rose 2% from September to an annual rate of 5.48 million annualized units, above the 5.42 million expected. The 5.48 million is the highest since June's 5.51 million. However, a severe shortage of homes for sales on the market continues to push prices higher. Gains were seen in all four regions of the country. From October 2016, sales are down 0.9%. Home...
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James Brooks
By James Brooks The bond market is down 1/32 (2.37%), but we still should see a slight improvement in Raleigh area mortgage pricing due to strength late yesterday. This first of today's economic releases was the 3rd Quarter Employment Cost Index (ECI) at 8:30 AM ET. It showed a 0.7% increase, exceeding forecasts of 0.6% rise. This means employer costs for wages and benefits rose slightly more than expected during the July - September months....
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Mark Hemingway
Home price gains remained solid in August due in part to low mortgage rates and an improving economy. The S&P/Case-Shiller 20-City Home Price Index rose 5.9% year over year, in line with estimates. David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said, "Home price increases appear to be unstoppable." On a national basis, home prices rose 6.1% from August 2016 to August 2017, up from 5.9% in...
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Chris
The checklist to buy a home could go on for a long, long while. From finally locating the right home to employing the services of a home inspector, the to-do list may at times seem never-ending. There is one part of the home buying process that's frequently confusing as well as being overlooked: closing costs. These are a part of every real estate transaction and prospective home buyers need to know precisely what these costs are made up of...
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Katie Agner
Looking to lower your current payment or shorten your term? Refinancing can help homeowners in more than one way. To be fully prepared, read below three things to do before starting the process of refinancing your property. 1. Clean up your credit You are going to want to prove that you are credit-worthy before applying to refinance. In recent years, lenders have gotten more demanding with higher credit standards. Try Experian, Transunion, or...
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James Brooks
By James Brooks The bond market is down 17/32 (2.38%), which should push Raleigh area mortgage rates higher by approximately .250 of a discount point. September's Existing Home Sales data was posted at 10:00 AM ET this morning. The National Association of Realtors announced that home resales rose 0.7% last month when analysts were expecting to see a decline. This indicates that the housing sector was stronger than thought, making the data...
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Mark Hemingway
The National Association of REALTORS(R) reported on Friday that low inventories coupled with rising prices capped sales of existing or previously owned homes in September. Existing Home Sales rose modestly by 0.7% from August to September to an annual rate of 5.39 million units, above the 5.29 million expected. The rise comes after three straight months of declines. From September 2016 to September 2017, sales were down 1.5%. Month-over-month,...
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Joe Metzler, MLO. NMLS #274132
Minneapolis, MN: VA home loans are a true benefit to our military personal, with no down payment required, no monthly mortgage insurance, and rates lower than conventional home loans. But as with all government backed loans, including FHA loans, and
James Brooks
By James Brooks The bond market is currently unchanged (2.30%), which should keep Raleigh area mortgage rates unchanged. Today's sole relevant economic release was September's Industrial Production data at 9:15 AM ET. It showed a 0.3% rise in output at U.S. factories, mines and utilities. Analysts were expecting it to show a 0.2% increase, meaning industrial production was a little stronger than thought last month. Because stronger...
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Mark Hemingway
Regional manufacturing data from New York State surged in October due in part to strong gains in employment, new orders and shipments. The Empire State Index jumped to 30.2 in October, well above the 20.0 expected and well above the 24.4 recorded in September, the highest in three years. Looking ahead, firms are optimistic about upcoming conditions as future business, new orders and employment are expected to increase. At an international banking...
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James Brooks
By James Brooks The bond market is currently down 7/32 (2.30%), which should increase Raleigh area mortgage rates higher by .125 of a discount point. There is nothing of relevance being posted today. The rest of the week brings us the release of five pieces of economic data that may affect mortgage markets. However, none of them are considered to be highly important or potentially market-moving. We should still see some movement in rates this...
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Leah TenBieg
Refinancing your property and/or purchasing a new home or investment property can take a toll on just about anyone. While it is much worth it, the process can be time-consuming and very detail-oriented. By working with a professional and knowledgeable loan officer, your home loan goals can be completed smoothly and swiftly. It's important to understand the different signs of predatory lending. By avoiding predatory lending at all costs, you...
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James Brooks
By James Brooks The bond market is currently up 4/32 (2.33%), which should improve Raleigh area mortgage rates by approximately .125 of a discount point. Yesterday's 10-year Treasury Note auction was pretty well received with a couple of benchmarks pointing towards strong interest in the securities. Bonds did improve yesterday afternoon, but it was long after results of the auction were posted. Therefore, it is difficult to correlate the...
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Leah TenBieg
To many, it might be difficult to trust someone with the refinancing of their property due to important documents needed and large amounts of money involved. The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) makes it so licensed loan officers have the same knowledge and training before helping out borrowers. This law was passed on July 30th 2008 under Title V of the Housing and Economic Recovery Act (HERA). The HERA is a...
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Mark Hemingway
The Bureau of Economic Analysis reported on Thursday that the final reading on second quarter Gross Domestic Product (GDP) grew to a more healthy level of 3.1%, up from the anemic 1.2% recorded in the first quarter. It was the best reading since the 3.2% in the first quarter of 2015. GDP was boosted by stronger business and consumer spending. Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within...
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Chris Arco
More and more home buyers sidestep the traditional home financing process by using cash to purchase their home -- and then go to a lender later on to apply for a mortgage. with a lot less stress. In housing markets with high demand, cash-offers are going to be king. However, coming up with the full purchase price of a home for sale in Orange County, CA, or high-cost Southern California counties isn't an easy accomplishment. That's why...
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Leah TenBieg
There is no doubt that a refinance or new home purchase might be confusing to someone who is just entering the market. Read below to get a better understanding of the mortgage lending process. First things first It's a great idea to consider all options when it comes to choosing a mortgage loan officer. When you are looking for one, be sure to let each one know your credit score. Depending on the lender, one might be able to benefit you more...
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Mark Hemingway
Several Federal Reserve members will be speaking today, including New York's William Dudley, Chicago's Charles Evans and Neil Kashkari from Minneapolis. The Fed's Dudley said this morning that U.S. fundamentals are favorable and that inflation's transitory effects are fading. Mr. Dudley went on to say that he expects stronger wage growth with slightly-better-than-average economic growth. Fed Chair Yellen will be speaking...
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James Brooks
By James Brooks The bond market is up 2/32 (2.23%), which should keep Raleigh area mortgage rates unchanged. There is nothing of importance scheduled for release today. The rest of the week brings us the release of six monthly and quarterly economic reports for the markets to digest in addition to two Treasury auctions. None of the data is considered to be key, but several of the reports can directly affect mortgage pricing. There is at least...
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Eddie Sexton
For victims of the hurricanes there is a relief mortgage available. The FHA(h) mortgage will allow a home owner or a current renter to buy a house with 100% financing if the property they lived in was destroyed by the hurricane. Just a few lenders are making this program available. Swan Financial is one of them. Contact number is 866-766-1918
Mark Hemingway
The U.S. Census Bureau reported on Tuesday that household incomes rose between 2015 and 2016, while the poverty rate declined marginally. Median household income in the United States in 2016 was $59,039, an increase in real terms of 3.2% from the 2015 median income of $57,230. This is the second consecutive annual increase in median household income. The nation's official poverty rate in 2016 was 12.7 percent, with 40.6 million people in...
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Leah TenBieg
When it comes to the financial industry, oftentimes you will hear about The Federal Reserve System. Mortgage rates are closely related when it comes to this system. Since rates are constantly fluctuating, it can be frustrating to not understand why. Read below to get a better understanding of how exactly The Federal Reserve System impacts rates. What is "The Fed"? Created in 1913 due to the nation's financial crisis, The Federal Reserve...
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Chris
1. How Long Will You Be in the Area?If you're uncertain how many years you'll be in the area and even if you can afford a mortgage (and the associated taxes and fees that come with it), it's still may take 5 years or longer until you'll come out ahead with regards to buying vs. renting. 2. How Old Are You?If you're young, just beginning your career and was offered a job that is hundreds of miles away, a couple of states...
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James Brooks
By James Brooks The bond market is unchanged (2.16%), which should keep Raleigh area Mortgage rates unchanged. Today has no relevant economic data set for release. The rest of the week brings us the release of seven pieces of economic data for the markets to digest, including a couple of extremely important reports. Those more important reports come late in the week. What today does have is the first of this week's two Treasury auctions...
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Mark Hemingway
There are no economic reports due for release today as trading gets underway for the last week of August. The rest of the week features data on consumer attitudes, inflation, economic growth, housing, personal spending, manufacturing and the labor market numbers that culminates with Friday's Jobs Report for August. Summer unofficially comes to and on Labor Day, as kids head back to school and vacations ending this week ahead of the long...
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James Brooks
By James Brooks The bond market is down1/32 (2.25%), which should keep Raleigh area mortgage rates at yesterday’s levels. July's Housing Starts was posted at 8:30 AM ET this morning, revealing a 4.8% decline in new home groundbreakings. That was much weaker than forecasts, hinting at weakness in the new home portion of the housing sector. Even a secondary reading that tracks new construction permits that helps us measure future...
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Mark Hemingway
July Housing Starts fell 4.8% from June to an annual rate of 1.155 million units, below the 1.217 million expected. Homebuilders cite a lack of skilled labor and lots to build on and higher costs for materials for the decline in new home building. Year-over-year starts were down 5.6%. Building Permits, a sign of future construction, fell 4.1% from June to an annual rate of 1.223 million annualized units, just below the 1.247 million expected....
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Leah TenBieg
Millennials have been on top of the US housing market for the last four years. According to the National Association of Realtors' (NAR) Home Buyers and Sellers Generational Trends Report, 34%, which is the largest share of home buyers, are in fact millennials. Among this percent of millennials, 66% were first-time home buyers. It's no surprise that this trend is not dying down, but read below for some surprising statistics found in the...
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James Brooks
By James Brooks The bond market is currently up 10/32 (2.23%), which should improve Raleigh area mortgage rates by approximately .125 - .250 of a discount point. This morning’s sole piece of relevant economic data was the 2nd quarter Employee Productivity and Costs data at 8:30 AM ET. It showed a 0.9% rise in worker productivity and only a 0.6% increase in the Labor Costs index. Analysts were expecting to see a 0.5% increase in...
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James Brooks
By James Brooks The bond market is down 4/32 (2.26%), should move Raleigh area mortgage rates slightly higher. Today has nothing of importance scheduled that is likely to affect mortgage rates. We are seeing some pre-auction weakness in bonds, but this should be an uneventful day for the bond market and mortgage rates. If we see an intraday move in rates, it likely will be a result of stock strength or weakness. Tomorrow has two events we need...
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Leah TenBieg
Don't let the thought of purchasing your own home scare you away from actually doing so. Maybe you have had the idea of being a home buyer in the back of your mind for quite some time now. Or maybe you just now made the decision that it's the right time. Whichever the one, you will need to learn how to take the next step in order to get the ball rolling. Get pre-approved - The first step You have most likely already done some house...
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VAConstructionLoans.org
Two years ago, it was difficult to find a lender willing to loan money on a zero-down VA construction loan. But as more and more lenders expand their product offerings, this valuable loan product has resurfaced and thousands of veterans are taking advantage. But before you head out to construct your dream home, there are a few guidelines you need to understand. For starters, you have to find a VA approved builder. This program does not allow you...
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James Brooks
By James Brooks The bond market is up 3/32 (2.25%), we still should see a slight improvement in Raleigh area mortgage rates. There is nothing of importance set for release today. The rest of the week brings us the release of only three pieces of monthly or quarterly economic data, but two of them are considered very important to the financial and mortgage markets. In addition to the economic data, there are two Treasury auctions scheduled that...
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Steve Bernstein
Arizona Mortgage & Real Estate News ~ Maricopa County AZ Real Estate Update The July 2017 Residential Real Estate Figures are out for Maricopa County Arizona, and we are definitely in a Seller's Market. This means the Demand for AZ Homes, far exceeds the Supply of Available AZ Homes For Sale. This Arizona Home Inventory Shortage is due to the following market conditions and statistics. AZ RESIDENTIAL REAL ESTATE MARKET CONDITIONS The cost of land
Leah TenBieg
Once you have decided to get a mortgage, you will come to the point where you will need to decide if an adjustable rate mortgage (ARM) or a fixed rate mortgage is right for you. Since both of these primary mortgages have benefits, how is it possible to chose which is best for you? See below for basic definitions of each and get a better understanding of how they can possibly benefit your current financial situation. Adjustable rate mortgages...
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James Brooks
By James Brooks The bond market is currently down 6/32 (2.31%), which should move Raleigh area rates slightly higher. There were two pieces of economic data posted early this morning, one of which is considered to be pretty important to the markets. That was June's Durable Goods Orders at 8:30 AM. The Commerce Department announced a jump of 6.5% in new orders for big-ticket products such as airplanes, appliances and electronics. This was...
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Mark Hemingway
Mortgage rates edged lower this week, declining for the second straight week. The lower rates came after the Fed left its benchmark interest rate on hold. The news on rate sparked a rally in both the Stock and Bond markets, while yields pushed lower. Freddie Mac reported that the 30-year fixed rate mortgage fell to 3.92% from 3.96% with 0.5 in points and fees. Last year this time the rate was 3.42%. The Fed left the Fed Funds Rate on hold...
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