Found 8 blog entries tagged as mortgage rates.

Market data affecting (or not) today’s mortgage rates

From an article on The Mortgage Report

Are mortgage rates again aligning more closely with the markets they traditionally follow? It’s too soon to be sure. But, if you’re ready to take your cue from them, things are looking OK for mortgage rates today. Here’s the state of play this morning at about 9:50 a.m. (ET). The data, compared with roughly the same time yesterday morning, were:

  • The yield on 10-year Treasurys fell to 0.67% from 0.70%. (Good for mortgage rates.) More than any other market, mortgage rates normally tend to follow these particular Treasury bond yields, though less so recently
  • Major stock indexes were mostly lower. (Good for mortgage rates.) When investors are buying…

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The average rate on a 30-year, fixed-rate mortgage could hit 2.9% in 2021, according to Fannie Mae's April housing forecast!

The housing market growth with the current situation is unknown; however, mortgage rates and a desire for more space could drive our market up. After all, would you rather a few hundred cows within a mile radius or a few hundred people?

The forecasted low-interest rates for 2021 also predict a significant uptick in mortgage originations. The forecast is calling for purchase and refinance originations above 2019 levels in 2021.

The forecast anticipates, overall, a 3.1 percent contraction in real gross domestic product, followed by a rebound of 4.8 percent in 2021.

“The historically rapid decline in economic activity,…

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Given the volatility of mortgage rates in recent weeks, time is of the essence for those looking to secure cheap home financing!


Mortgage rates largely remained unchanged over the past week, but their ups and downs since the beginning of the year have created challenges for those looking to get a loan to buy a home.

The 30-year fixed-rate mortgage remained flat at an average of 3.33% during the week ending April 9, Freddie Mac FMCC, -0.34% reported Thursday. A year ago, the 30-year fixed-rate mortgage averaged 4.12%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage also stayed the same over this last week, averaging 3.4%. The 15-year fixed-rate mortgage, meanwhile, fell five basis points to an average of 2.77%.

Freddie Mac’s…

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With all of the bad news being thrown at us, here is a little glimmer of positivity...turn off the news and just look up what you need to know and try not to get depressed, we will get through this sooner than later.

In the last few weeks, there has been a lot of volatility in the markets- stock markets which in turn direct our mortgage rates via the 5 and 10 year Treasury, we watch the stock markets react to the current news and go up and down drastically. Trying to time my IRA contribution or buying a great stock on sale is like trying to catch a falling knife. Well, this week we have seen 3 consecutive days on the upswing, finishing over 22,500 today on the Dow Jones Industrial, 7,797 on the Nasdaq and 2,630 on the S & P. Expect even more volatility…

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According to Bankrate.com, the benchmark 30-year fixed-rate mortgage tumbled 7 basis points this week to 3.77 percent, according to Bankrate’s weekly national survey of large lenders.

This drop in rates comes ahead of next week’s first Federal Open Market Committee (FOMC) meeting of the year, where the Fed is expected to leave rates unchanged. Experts are eyeing the bond markets for signs of mortgage-rate movement, but rates have been in a narrow range for several months. This is good news for homebuyers and refinancers, alike.

“Even with more positive developments surrounding the U.S. and China trade negotiations and healthy retail sales data, investors seemed cautious and maintained their demand for safer U.S. Treasuries, which kept yields lower,”…

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Interest Rate Symbol on Grass Background

Experts predict mortgage rates will stay low for the foreseeable future. 

By Aly J. Yale Senior Contributor Real Estate Forbes.com

Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction will continue well into 2020.

Just yesterday, Freddie Mac reported an average 3.65% rate on 30-year, fixed-rate loans—a whopping 1.06% downslide since just one year ago. Looking at forecasts from the company, as well as from economists at Fannie Mae and the Mortgage Bankers Association, it appears low mortgage rates will persist.

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Average long-term U.S. mortgage rates fell for the fifth straight week.  This is great news if you are searching for a new home in Bozeman or the southwest Montana area.

 The average rate fell to 3.72 percent on a 30-year fixed-rate mortgage, The Associated Press reports. 

 The average rate for 15-year fixed-rate mortgages fell to 3.01 percent, according to the AP. 

 Mortgage rates continue to fall despite the Federal Reserve raising the short-term rate for the first time since 2006, the AP says.

Remember, if you need any assistance or have any questions regarding brokering your real property and/or finding a new home for sale in the Bozeman, Livingston, or Manhattan areas, give us a call or send us an email – 406.404.1960 or…

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