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Mortgage Rate Predictions

Apr 28, 2017 3:42PM PDT

Rate Update 4/28/2017 : Mortgage rates did not change today, still holding onto modest improvements that were seen yesterday. The past 2 days show that the rates are in limbo close to the lower end of the post-election range. The rates are were lower mid-April and are much closer to recent lows than highs. Current levels act as line in the sand that divids 2017 lowest rates from everything else. This is a zone that we would like to remain in. Bookmark this page for mortgage rates:• 30 year (FRM) rates at 4.09% (+0.00%).• 15 year (FRM) rates at 3.34% (+0.00%).• FHA 30 year Fixed rates at 3.80% (+0.00%).• Jumbo 30 year Fixed rates at 4.35% (-0.01%).• 5/1 ARM rates at 3.08% (+0.02%). More

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

3.913%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated April 29, 2017
  • Certified Upfront Lender! Online Good Faith Est! Apply & Lock Rate 24/7!

4.125%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated April 29, 2017
  • Competitive interest rates

4.074%

APR
30 Year Fixed
3.990% Rate $954/mo
  • Updated April 29, 2017
  • Skip the salesman. Keep the commission! View and lock your rate online.

4.451%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated April 29, 2017
  • A+ Rating with the Better Business Bureau

4.020%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated April 29, 2017
  • $1,000 Best Rate Guarantee
  • Get online rates, payments and a Good Faith Estimate
  • Skip the salesman. Keep the commission!

4.357%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated April 29, 2017
  • Direct Lender.
  • Get a free and no obligation rate quote in Virginia.
  • Call now and lock-in your low rate!

4.594%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated April 29, 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.

4.343%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated April 29, 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.
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...
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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...
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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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