30 Year Mortgage Rate Continues to Decline

The 30-year fixed mortgage rate continues to decline slightly everyday. Currently, it has reached its lowest level in 6 weeks and is lower than the same time last year.

Mortgage Rates Continue Fall

Mortgage rates continue to fall slightly, but don't expected it to be the long-term trend.

Rate Update 2008-08-27: FOMC Minutes

The recently released FOMC Minutes reflect a general consensus that inflation is the primary Fed concern.

Existing Home Sales Up

The National Association of Realtors report that existing home sales climbed in July, exceeding expectations.

Bernanke:Inflation Uncertain

Bernanke assures market the Fed will "act as necessary."

Rate Update 2008-08-22: Bernanke Speaks Today

A full agenda of challenges greets the Federal Reserve governors at there annual Jackson Hole, Wyoming symposium.

Mortgage Rates Decline, but...

Mortgage rates continue to show slight declines, but look at it as a temporary trend or if you are a borrower a fleeting opportunity.

Rate Update 2008-08-20: Mortgage Rates Stagnant

Mortgage rates continued to hold steady yesterday despite the expected report of steep declines in housing starts.

Rate Update 2008-08-19: Housing Starts Today

Expect a brief early trading panic as housing starts are expected to be off on a 10% decline--returning to little or no change for the day.

Rate Update 2008-08-18: Mortgage Rates Expected to Remain Quite

With a light week of economic reports expect a quite week in mortgage rates.

Rate Update 2008-08-15: Expect Little Change in Mortgage Rates

A day full of economic reports, but little news expected that is not already priced into the mortgage rate market.

Rate Update 2008-08-14: 30 Year Mortgage Rate Remains Flat

Freddie Mac reports the average 30-yr mortgage rate was flat 6.52% for the 3rd week, in the latest report while the 15-yrs dropped to 6.07% from 6.10% and the average 1-yr adjustable rate dropped to 5.18% from 5.22% (Reuters)