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Mortgage Rate Predictions

Dec 12, 2018 10:48AM PST

Rate Update 12/12/2018 : Mortgage rates look to be in the midst of a bounce, as bond markets continue to weaken into day 3. Next weeks Fed announcement will certainly have the market on the edge until then, as the announcement will mark the big move for bonds and rates.  Bookmark this page for mortgage rates:   • 30-year (FRM) rates at 4.71% (+0.01%)• 15-year (FRM) rates at 4.25% (+0.02%)• FHA 30-year Fixed rates at 4.25% (0.00%)• Jumbo 30-year Fixed rates at 4.42% (+0.02%)• 5/1 ARM rates at 4.69% (+0.02%)  More

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

4.777%

APR
30 Year Fixed
4.625% Rate $1,028/mo
  • Updated December 16, 2018
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5.250%

APR
30 Year Fixed
5.250% Rate $1,105/mo
  • Updated December 16, 2018
  • Refinance Your Home With Little to No Equity
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5.041%

APR
30 Year Fixed
4.990% Rate $1,073/mo
  • Updated December 16, 2018
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
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Winstonrowe
A wraparound mortgage, more commonly known as a "wrap", is a form of secondary financing for the purchase of real property. The seller extends to the buyer a junior mortgage which wraps around and exists in addition to any superior mortgages already secured by the property. Under a wrap, a seller accepts a secured promissory note from the buyer for the amount due
Mark Hemingway
After the recent spate of sub-par housing news, October Housing Starts rose 1.5% from September to an annual rate of 1.228 million units while Building Permits beat expectations. However, single-family starts declined 1.8% from October while multi-family starts rose 6.2%. Annually, total Housing Starts were down 2.9%, single-family starts were lower by 2.6% while multi-family dwellings were off by 4.5%. The Mortgage Bankers Association (MBA)...
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Mark Hemingway
The job market continued to strengthen in October and rebounded after an ease in job growth in September due in part to severe weather on the East Coast. The Bureau of Labor Statistics reported that U.S. employers added 250,000 new workers in October while year-over-year wage growth hit nine-year highs. The 250,000 was well above the 190,000 expected, while there were zero net revisions for August and September. Year-over-year wage growth rose...
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Winston Rowe
Real Estate Investing More millionaires today have invested in real estate than any other asset class. While real estate investing may seem intimidating or out of reach, new technology is changing the game by increasing access and decreasing investment minimums. The following three tips for getting ahead in real estate: 1. Start conservatively. The first and most important aspect to remember when investing is preserving money. Make sure your...
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Myke Thomas
And the best real estate Malta website is REMAX/Malta! When it comes to real estate companies, prospective home buyers want to find an informative website whose agents are easy to reach (through the website). Prospective home buyers also want to look for a website with a wealth of useful information and tips regarding buying and selling real estate, and real estate in
Myke Thomas
Most home buyers and sellers prefer doing the house hunting job themselves. The reason? Since with internet, information on home selling and buying a house is readily available to anyone looking for it. In such a scenario it is often most likely that a person considers not hiring a professional real estate agent and do the task of home selling or house hunting themselves. But doing so doesn't end all with their desired goal. If you too are...
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Mark Hemingway
Fannie Mae released its July Home Purchase Sentiment Index (HPSI) showing that home purchase sentiment hit its plateau as high home prices stymie trade-up confidence. The HPSI fell in July for the second consecutive month, declining 4.2 points to 86.5, after hitting survey highs in April and May. The report went on to reveal that the net share of Americans who say it is a good time to buy a home fell 4 percentage points from last month to 24%....
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Mark Hemingway
Technicals take a backseat to the Jobs Report which is set to be released tomorrow morning. Locking your loan is recommended in the short-term, 30-days or less until closing. For all other loans with more time, you can float your rate with prices right near technical markers - but do understand that tomorrow could be a volatile day.Not much action in the Mortgage bond markets today ahead of tomorrow's Jobs Report. The Fannie Mae 30-yr 4%...
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Myke Thomas
When you start looking to buy a property, you always worry if you will make a good investment. There are so many factors to consider and sometimes it can give you a headache just to look at them. However, when buying an investment property those worries increase since you expect to make a profit off your real estate. In order to do it right, here are several tips for buying an investment property that will help you secure your business idea....
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Mark Hemingway
Strong job growth continued in May as the U.S. economic expansion continues its winning ways. The Bureau of Labor Statistics reports that Non-Farm Payrolls rose 223,000 in May, above the 190,000 expected and up from 159,000 in April. For the past three months, job gains averaged 179,000. April and March were revised for an increased total of 15,000. The Unemployment Rate for May fell to 3.8%, the lowest since April 2000. May Average Hourly...
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Mark Hemingway
Home prices continued to edge higher in March due in a large part to low inventories of homes for sale on the market. The S&P Case-Shiller 20-City Home Price Index rose 6.8% from March 2017 to March 2018, matching the February gain. David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said, "Months-supply, which combines inventory levels and sales, is currently at 3.8 months, lower than the levels...
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Myke Thomas
According to research, burglaries and petty thefts occur every 10 seconds all across the globe. Homeowners tend to remain at high risk in this case probably because they affect residential properties the most. Well, for avoiding the said robberies and securing your house, modern-day individuals are advised to implement the things mentioned below. Almost all intruders tend to enter through the front door, thus, performing a thorough inspection to...
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Mark Hemingway
Mortgage rates continued their trek higher this week due in part to the continued growth in the U.S. economy and a tight labor market. Positive economic data usually pushes Bond prices lower, which leads to higher rates. Freddie Mac reports that the 30-year fixed-rate mortgage rose five basis points to 4.66%, the highest level since May 19, 2011. That rate does carry an average 0.4 in points and fees. Freddie Mac says while this year's...
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Mark Hemingway
Wholesale inflation was rather tame in April with the smallest amount of gains seen since the end of 2017. The decline was led by lower prices for food and gas. The April Producer Price Index rose by 0.1%, below the 0.2% expected and down from the 0.3% recorded in March. On a year-over-year basis, the Producer Price Index slipped to 2.6% from the 3% seen in March on an annual basis. The more closely watched Consumer Price Index will be released...
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James Brooks
By James Brooks The bond market is down 8/32 (3.00%), which should push Raleigh Area mortgage rates higher by approximately .125 of a discount point. April's Producer Price Index (PPI) kicked off this week's calendar at 8:30 AM ET. It showed a 0.1% rise in the overall reading and a 0.2% increase in the core data. The overall reading fell just short of the 0.2% forecast but the more important core reading that excludes more volatile food...
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Chris Arco
Among the best ways to pay off your existing debt is through a debt consolidation loan. It enables you to consolidate various consumer debt balances into one loan, commonly referred to as a "debt consolidation loan". This type of loan pays off specific creditors whose terms are not very favorable. If you have a very good credit score, you'll likely end up paying less interest on the new
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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