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Mortgage Rate Predictions

Jun 26, 2017 2:54PM PDT

Rate Update 6/26/2017 : Last week did not provide significant economic data or market moving events, the current week may be different. There are other important reports throughout this week including a key inflation report on Friday. Outside the above-mentioned scheduled events, there's also the general phenomenon of "month-end" and “quarter-end”. This refers to traders needing to buy/sell a certain combination of securities in order to meet one of several potential requirements for the end of period.   Bookmark this page for mortgage rates:• 30 year (FRM) rates at 3.97% (-0.01%).• 15 year (FRM) rates at 3.25% (-0.01%).• FHA 30 year Fixed rates at 3.65% (+0.00%).• Jumbo 30... More

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

4.022%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated June 27, 2017
  • Get a free and no obligation rate quote in Virginia.
  • Direct Lender.
  • Call now and lock-in your low rate!

3.788%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated June 27, 2017
  • Skip the salesman. Keep the commission!
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  • $1,000 Best Rate Guarantee

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated June 27, 2017
  • 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.

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated June 27, 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.

3.795%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated June 27, 2017
  • Certified Upfront Lender! Online Good Faith Est! Apply & Lock Rate 24/7!

3.938%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated June 27, 2017
  • Skip the salesman. Keep the commission! View and lock your rate online.

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated June 27, 2017
  • Save when you borrow from PenFed!

4.315%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated June 27, 2017
  • A+ Rating with the Better Business Bureau
James Brooks
By James Brooks By The bond market is down 15/32 (2.18%), which should push Raleigh area mortgage rates higher by approximately .125 of a discount point. Today's only relevant economic data was June's Consumer Confidence Index (CCI) at 10:00 AM ET. The Conference Board announced a reading of 118.9 that exceeded forecasts of 116.7. It was also an increase from May's revised 117.6, indicating surveyed consumers were more optimistic...
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Leah TenBieg
While purchasing your first home is an exciting experience, there are many obstacles to go through once the home is officially yours. From unpacking to interior designing, making the house you bought turn into your own comfortable home can be accomplished by taking the below tips into consideration. Unpack smartly To start, simply organize your labeled boxes into the rooms they will soon be unpacked in. Before ripping the tape off of every box,...
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James Brooks
By James Brooks The bond market is unchanged (2.16%), which should keep Raleigh area mortgage rates unchanged. The National Association of Realtors gave us May's Existing Home Sales report at 10:00 AM ET this morning. It showed a 1.1% rise in home resales last month when analysts were expecting to see a decline. This means that the housing sector was stronger than many had thought, making the data bad news for bonds and mortgage rates. The...
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Mark Hemingway
Residential real estate company Redfin reports that despite the shortage of supply, home sales increased 7.5% in May from last year, while the median sale price rose 6.8% year-over-year to $288,000. Inventories fell to just 2.7 months of supply where a typical number is around six months. This anemic supply number is the reason for the continued increase in sales prices. In addition, the typical home went under contract in 37 days, setting a new...
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James Brooks
By James Brooks The bond market is up 6/32 (2.16%), which should improve Raleigh area mortgage rates by .125 of a discount point. Today has nothing scheduled that is likely to affect bond trading noticeably or mortgage rates. I would not be surprised to see a very calm day, assuming the major stock indexes remain near their current levels. If stocks make a move upward, we could see pressure in bonds that leads to a slight increase in mortgage...
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MEL SMITH--LENDER OF THE MONTH
Millions of homeowners have lost their homes due to foreclosure. However, the good news is there are things you can do to halt a foreclosure. The principal thing you should do if you are having difficulty making your mortgage payments is to contact your lender. Connecting with your lender produces an opportunity for you to create a plan to stop the foreclosure process. You can apply for a Loan Modification Both Federal and state laws forbid...
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Anna N. Ryan
Check Out Other Niche Programs: NEW INTEREST ONLY now on our NON PRIME programNEW ITIN program NEW 12 month BANK STATEMENT program STATED (NO INCOME) to 2 MILLION NEW ATR in FULL with qualifying just on the assets alone - NO income & NO job verification - A NO DOCLoan amounts up to $3 MILLIONUp to 90 % LTV NO MI (use 24 months of business or personal bank statements, or assets as income)Can use asset depletion incom
Mark Hemingway
The Commerce Department reported on Friday that Housing Starts in May fell 5.5% from April to an annual rate of 1.092 million units, below the 1.227 million expected. It was the lowest rate since September 2016 and the third straight month of declines. Starts are down 2.4% from May 2016. Single-family starts, which account for the biggest share of the residential housing market, fell 3.9% to an annual rate of 794,000 units last month, the lowest...
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Mark Hemingway
Fannie Mae released its Home Purchase Sentiment Index (HPSI) for May showing that the net share of Americans that think now is a good time to buy a home reached a record low. The HPSI fell 0.5 percentage points to 86.2 after a 2.2 point gain in April. Those Americans who feel that now is a good time to sell a home reached a record high. This is only the second time in the surveys history that the net share of those saying it's a good time to...
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Leah TenBieg
It's time-consuming enough trying to find a new home, but now try adding in the factor of selling your home. For any homeowner looking to move, this is a stressful situation. It's important to know which route you will take regarding selling and purchasing. Is it more strategic to sell your home before you purchase a new living space, or is it safer to secure the sale on your future home before selling your current one? Buying a new...
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Mortgages for Veterans
VA construction loans can be used to build a custom home or to remodel your existing home. Qualifying veterans can apply for VA construction loans through us today. We are proud to offer VA construction loans at Mortgages for Veterans. VA Rehab Loans Sim
MEL SMITH--LENDER OF THE MONTH
VA Mortgages also known as loans from the Department of Veterans Affairs are renowned for not requiring a down payment. Nevertheless, there are very good reasons to put money down on a VA loan. You'll pay a lower VA funding fee First off, VA mortgages necessitate a funding fee, whether you make a down payment or not. You'll have a lower monthly payment and pay less in interest With a down payment, your monthly payment and lifetime costs...
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Steve Bernstein
Arizona Mortgage & Real Estate NewsConventional Mortgage Guideline UpdateJune 1st, 2017 5:37 PM by Steve Bernstein Fannie Mae released a few important updates today regarding Conventional Mortgage Loans! The changes will take affect July 29, 2017, and should help more Arizona Home-Buyers and Homeowners procure Conventional Mortgage Approval! 1) Maximum Debt/Income Ratios - The maximum allowable debt-to-income ratio will be adjusted up to 50%....
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Mark Hemingway
Limited inventories of homes for sales are causing problems in the purchase market, reports the National Association of REALTORS(R). April Pending Home Sales declined 1.3% from March and fell for the second consecutive month. Pending Home Sales are down year-over-year nationally in all four major regions across the nation. Sales were down 3.3% from April 2016, the first year-over-year decline since December and the biggest since June 2014 (7.1%)....
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Leah TenBieg
When it comes to achieving any financial goals, a good credit score and report is crucial. There are many benefits that come with having good credit. You will have better care insurance rates, a better chance at getting approved for a loan, you will be more likely to find a landlord who is willing to let you rent a living space, and many more advantages. Read below to see how you can turn your not so good credit into a promising number. Raising...
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James Brooks
By James Brooks The bond market is up 7/32 (2.22%), which should improve today's mortgage rates by .125 of a discount point. This morning brought us two pieces of economic data, starting with April's Personal Income and Outlays data at 8:30 AM ET. The Commerce Department announced a 0.4% rise in both income and spending, matching expectations. Both readings are moderate increases in data that the bond market prefers to see weaker...
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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...
read more...
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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