Refinancing Mortgages

Home Mortgages Rates


What's Impacting Today's Rates?

It has been a very volatile morning following the big move yesterday on the election results.

As a mortgage rate shopper, it's important to know when today's rates are changing. This is because, when mortgage rates change, mortgage lenders will not honor rate quotes which have not been previously "locked".

To lock today's mortgage rates, then, be sure to commit with your lender before current rates begin to move. Whether you're trying to lock a purchase or a refinance loan, the market waits for no one.

Today's Mortgage Rates Analysis

The MBS data supplied by MBSQuoteline is the same market data used to formulate current mortgage rates by the nation's mortgage lenders.

The chart at top depicts today's Fannie Mae mortgage bond pricing. Fannie Mae bonds are linked to conventional mortgage rates which include mortgage rates for programs such as the Home Affordable Refinance Program (HARP 2.0), the 3-percent down Conventional 97 loan, the HomePath mortgage program, and others.

MBS prices are inversely related to today's mortgage rates. When bond prices rise, mortgage rates sink. In general, a twenty-five basis point change in MBS pricing - up or down - leads to a 0.125 percentage point change in mortgage rates.

Note that the chart above does not depict the path of today's Ginnie Mae mortgage bonds, although Ginnie Mae bonds and Fannie Mae bonds tend to move in similar directions.

Ginnie Mae bonds correlate to today's mortgage rates for FHA loans, such as the FHA insured by the Federal Housing Administration; VA loans guaranteed by the Department of Veterans Affairs; and USDA loans guaranteed by the U.S. Department of Agriculture.

What Are The Current Mortgage Rates?

Mortgage rates change all day, every day. The mortgage rates you get from your bank "now" won't be the same rates you get from your bank in an hour. Be smart when you shop. Compare multiple lenders and get your best deal.

Get today's real-time mortgage rates now. Your social security number is not required to get started, and all quotes come with instant access to your live credit scores.

The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.



Share this article




FAQ


avatar
What US banks offer foreign national mortgages? - Quora

Find a local, licensed loan originator who works for a non-depository mortgage lender OR a mortgage broker. Either of these entities (and not a bank) will be able to help you locate a lender willing to lend. You do not have to be a U.S. citizen to obtain a mortgage in the U.S.  Here's another trick.  The industry uses this website as a way to shop and see what lenders have to offer their customers:




Related Posts


Best mortgage rates UK
Best mortgage rates UK

Latest Posts
Mortgage incentives
Mortgage incentives
A Morningstar analyst once opined that…
New Mortgages
New Mortgages
New rules went into effect for mortgage…
Steps in Mortgage Process
Steps in Mortgage…
1. Get Prequalified or Preapproved Getting…
Best 10 year mortgage Refinance Rates
Best 10 year…
What kinds of mortgages are available…
Low interest rate home Loans
Low interest…
Points, also known as “discount points…
Search
Featured posts
  • Interest rates for home mortgages
  • Cheapest mortgage interest rates
  • Best mortgage rates UK
  • 30 Year Conforming Mortgage Rates
  • Interest rates on 10 year fixed mortgage
  • Best interest only mortgage rates
  • US mortgage interest rates
  • Mortgage rates by State
  • Cheap mortgage interest rates
Copyright © 2017 l needmortgagebroker.com. All rights reserved.