HSH.com Weekly Mortgage Rate Radar: 2012 Kicks Off With Low Rates, More Fed Guidance

Foster City, CA (PRWEB) January 04, 2012

Rates on the most popular types of mortgages increased slightly, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages rose by a single basis point (0.01 percent) to 4.07 percent. Conforming 5/1 hybrid ARM rates increased by 2 basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.02 percent.

“There’s often little movement in rates during the holidays,” said Keith Gumbinger, vice president of HSH.com. “Markets will start to return to normal levels of activity over the next couple of days, and that should set the tone as we move deeper into January.”

The Federal Reserve announced on Tuesday the intention to begin providing quarterly projections of the likely direction of future interest rates. “This important change to the Fed’s communication strategy will help to provide a better sense of when interest rates can be expected to begin rising,” said Gumbinger. “The Feds current timeline is to consider raising rates starting in mid-2013, but rates may not rise until possibly even later than that.

However, Gumbinger noted that mortgage borrowers should not rely on projections of the federal funds rate to set expectations about mortgage rates. For this year at least, short-term rates should remain at or near record lows, but fixed mortgage rates don’t follow short-term rates very closely, he said. Mortgage rate projections for the coming year can be found at HSH.coms expectations for mortgage rates and housing markets for 2012, which was also released Tuesday.

Average mortgage rates and points for conforming residential mortgages for the week ending January 3 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

����Average rate: four.07 percent
����Average points: 0.25

Conforming 5/1 ARM

����Average rate: 3.02 percent
����Average points: 0.21

Average mortgage rates and points for conforming residential mortgages for the previous week ending December 27 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

����Average rate: four.06 percent
����Average points: 0.27

Conforming 5/1 ARM

����Average rate: 3.00 percent
����Average points: 0.23

Methodology

The Weekly Mortgage Rate Radar reports the average rates plus points available about conforming 30-year fixed-rate mortgages plus conforming 5/1 ARMs. The weekly mortgage rate study covers a big test of mortgage creditors plus is performed over a Wednesday-to-Tuesday cycle, with information introduced each Wednesday. HSH.coms study assists customers discover the greatest rates about house financing inside changing marketplace conditions. Unlike mortgage rate reports which report average rates just, the Weekly Mortgage Rate Radars inclusion of both average rates plus average points delivers a more exact view of mortgage terms currently provided by creditors.

Every week, HSH.com conducts a survey of mortgage rate data for a wide range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loans and lines of credit from hundreds of direct lenders in the U.S. For information on additional loan products, visit HSH.com.

About HSH.com

HSH.com is a trusted source of mortgage information, styles, information plus analysis. Because 1979, HSHs marketplace analysis plus commentary has aided homeowners, customers plus sellers create smart financial options plus save cash about mortgage plus house equity goods. HSH.com, of Pompton Plains, N.J., is owned plus operated by QuinStreet, Inc. (NASDAQ: QNST), among the biggest Internet advertising plus media businesses inside the planet. QuinStreet is committed with providing customers plus companies with all the info they require with analysis, discover plus choose the items, services plus brands which meet their demands. The business is a leader inside visitor-friendly advertising practices. For more info, please see QuinStreet.com.

Press Contact

Andrew Heilman

775-784-3842

pr(at)hsh(dot)com

###

HSH.com Weekly Mortgage Rate Radar: Euro Troubles Press Mortgage Rates Toward Record Lows Again

HSH.com Weekly Mortgage Rate Radar: Euro Troubles Press Mortgage Rates Toward Record Lows Again

Foster City, CA (PRWEB) November 09, 2011

Rates on the most popular types of mortgages fell this week, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages declined by 9 basis points (.09 percent) to 4.13 percent, merely somewhat above record lows. Conforming 5/1 hybrid ARM rates decreased by 5 basis points, folding the Wednesday-to-Tuesday wraparound weekly survey at a mean of 3.02 percent.

“Italy has joined Greece in making the markets nervous. Troubles over there are driving interest rates down here, as investors are doing what they can to get their money out of harm’s way,” said Keith Gumbinger, vice president of HSH.com. “There is little to suggest that any immediate solution to the fiscal woes of these countries is coming soon, but if supports aren’t enacted at some point and these countries default on their debts, the economic trouble it would cause would far outstrip the benefits of low mortgage rates.”

Average mortgage rates and points for conforming residential mortgages for the week ending November 8 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.13 percent     Average points: .28

Conforming 5/1 ARM

    Average rate: 3.02 percent     Average points: .24

Average mortgage rates and points for conforming residential mortgages for the previous week ending November 1 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.22 percent     Average points: .27

Conforming 5/1 ARM

    Average rate: 3.07 percent     Average points: .23

Methodology
The Weekly Mortgage Rate Radar reports the average rates and points offered on conforming 30-year fixed-rate mortgages and conforming 5/1 ARMs. The weekly mortgage rate survey covers a large sample of mortgage lenders and is conducted over a Wednesday-to-Tuesday recycled, with data released every Wednesday. HSH.com’s survey helps consumers find the best rates on home loans in changing market conditioned. Unlike mortgage rate surveys that report average rates only, the Weekly Mortgage Rate Radar’s inclusion of both average rates and average points provides a more accurate view of mortgage terms currently offered by lenders.

Every week, HSH.com conducts a survey of mortgage rate data for a wide range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loans and lines of credit from hundreds of direct lenders in the U.S. For information on additional lent products, visit HSH.com.

About HSH.com
HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH’s market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Pompton Plains, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and quality the products, services and brands that meet their needs. The companioned is a leader in visitor-friendly marketing practices. For more information, please see QuinStreet.com.

Press Contact
Andrew Heilman
775-784-3842
pr(at)hsh(dot)com

###

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related Home Equity Loans Press Releases

HSH.com Weekly Mortgage Rate Radar: Lower Rates, Expanded Refinancing Program Could Spell Relief for Borrowers

HSH.com Weekly Mortgage Rate Radar: Lower Rates, Expanded Refinancing Program Could Spell Relief for Borrowers

Foster City, CA (PRWEB) October 26, 2011

Rates on the most popular types of mortgages eased slightly, reversing a minor uptick from the previous two weeks, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages declined by 3 basis points (.03 percent) to 4.23 percent. Conforming 5/1 hybrid ARM rates besides decreased by 3 basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at a mean of 3.08 percent.

“This week, the Obama Administration announced new plans for helping underwater borrowers refinance,” noted Keith Gumbinger, vice president of HSH.com. “The expansion of the Home Affordable Refinance Program (HARP), coupled with approached-record-low interest rates, mean borrowers trap in higher-rate mortgages may find real opportunities for savings.”

“For many homeowners, these savings can’t come soon enough,” observed Gumbinger. Details of the government’s expanded refinancing program are due out in mid-November.

Average mortgage rates and points for conforming residential mortgages for the week ending October 25 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.23 percent     Average points: .34

Conforming 5/1 ARM

    Average rate: 3.08 percent     Average points: .28

Average mortgage rates and points for conforming residential mortgages for the previous week ending October 18 were, according to HSH.com:

Conforming 30-year fixed-rate mortgage

    Average rate: 4.26 percent     Average points: .26

Conforming 5/1 ARM

    Average rate: 3.11 percent     Average points: .22

Methodology
The Weekly Mortgage Rate Radar reports the average rates and points offered on conforming 30-year fixed-rate mortgages and conforming 5/1 ARMs. The weekly mortgage rate survey covers a large sample of mortgage lenders and is conducted over a Wednesday-to-Tuesday cycle, with data released every Wednesday. HSH.com’s survey helps consumers find the best rates on home loans in changing market conditions. Unlike mortgage rate surveys that report average rates only, the Weekly Mortgage Rate Radar’s inclusion of both amount rates and average points provides a more accurate view of mortgage terms currently offered by lenders.

Every week, HSH.com conducts a survey of mortgage rate data for a broad range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loan and lines of credit from hundreds of direct lenders in the U.S. For information on additional loan products, visit HSH.com.

About HSH.com
HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH’s market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Pompton Plains, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, serving and brands that meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.

Press Contact
Andrew Heilman
775-784-3842
pr(at)hsh(dot)com

###

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Where can I find average annual interest rate data for Home Equity Loans?

Question by tak87: Where can I find average annual interest rate data for Home Equity Loans?
I am looking for data on the mean annual interest rate of Home Equity Loans. From 1970-current would be ideal.Do you know where I tin find this data.Thank you.

Best answer:

Answer by Mrs Innocent
Recenlty my friend got home loan of 350000$ for 25 years on 3% which should be paid annually my friend doesnt have good credit his credit score is below 500 but still he got loan.I asked him how you got ?He told me while i was searching on internet for Home loan with Bad credit he found a site which contains about 8 links for bad credit so i checked all of them one by one . go to http://easyloan.net.tf > Home loan Note each link contain different interest rates and repayment period.Take CareBye!

Know better? Leave your own answer in the comments!

Home Equity Line of Credit Rates | Fixed Rate Home Equity Line of Credit

Some Ways to Lower Your Home Equity Line of Credit Rates Owning a home must be the most precious property that someone can possess in most peoples life. However, in some moment, we must face the fact that we also need other things during certain urgent and important moment when our financial condition does not allow us to pay these needs without the support from lenders. Therefore, we know such loan which is called as the home equity line of credit. This loan, though gives so much advantage, requires our home as the collateral. Of course when related with loan, we always need to have the lower interest rates one. There are some considerations that you might want to apply if you want to get lower home equity line of credit rates. Before you start thinking the ways to get lower home equity line of credit rates, you might want to learn more on the aspects that determine the high or low of the home equity line of credit rates that you can get. The aspects of the home equity line of credit rates are your amount of debt, the current prime time home equity line of credit rates, the amount of equity in your home, your income, your credit score, the amount of lenders adds to the prime home equity line of credit rates, etc. There are some ways that can be applied to lower the home equity line of credit rates. •You need to pay the debts with greater amount before you apply the home equity line of credit rates. •You need to clean up your credit report. •If you can improve your credit …
Video Rating: / 5

Finding the lowest home equity loan interest ratted can be done by checking Bankrate.com or by consulting a local financial stone-broke in a particular market place. Locate a home equity line of credit with a minimal engage rate and save money withtips from a registered financial consultant in this liberate video on finance and investment. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
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BD Nationwide Mortgage Offers a Convertible Home Equity Line of Credit with Options to Refinance Portions to a Fixed Rate Second Mortgage Loan

Encinitas, CA (PRWEB) August 29, 2006

BD Nationwide Mortgage introduces an astute home equity loan that can abstracted into several loans with both repaired and adaptable rates. BD Nationwide has let go of a fresh home equity product that boasts of a cashable home equity line of credit proffering options for turning adaptable interest rates into fixed rate second mortgages. BD Nationwide proudly presents the “Fixed Rate HELOC Conversion Program.” This incomparable home equity program allows homeowners to change over portions of their adjustable rate equity line into fixed rate home equity loans. Another key feature is that these second mortgages let you to keep the unaccustomed portion of the home equity line opened, while situating the interest rate for the stipulated portion. In that sense, the HELOC splits into two loans. (one loan is a fixed lump-sum loan and the other is an open end line of credit)

Conversion options are available to convert a portion or all of the home equity line balance to a fixed interest rate home equity loan. This program allows you to change over HELOC portions to repaired rate loan eight times during the draw period

Advances for fixed second mortgage rates can be requested at anytime during the ten-year draw period: Three fixed rate advances may be open at any one time. The conversion feature limits you to a total of eight repaired rate advances may be bespoken over the draw period. In addition, there are no imparting fees to change over to a fixed rate. Loan advance options are established on the balance requested.

Lynda Nelms, a Sr. Loan Officer and Mortgage Consultant at BD Nationwide, said, “This is a progressive loan that allows my borrowers to be savvy using their home equity when they see fit, while converting adjustable rate interest into a fixed rate second mortgage with a simple interest amortization.” Nelms continued, “These days I find homeowners need cash out for debt consolidation or home improvements, but they already have a large second mortgage.”

The Fixed Rate HELOC Conversion Program enables our clients to refinance and convert their existing line of credit into a fixed rate second mortgage, while opening up an additional revolving credit line they can access later. This home equity conversion loan is an enthusiastic solution for the modern dilemma of refinancing jumbo home equity loans that appear to be so average with million dollar homebuyers. BD Nationwide Mortgage Company has acted with many of the nations leading home equity lenders.

Home Equity Line of Credit Draw Period : 10 years
Second Mortgage Rate is a Variable Rate ( WSJ prime interest rate index plus margin)

Home Equity Loan Terms: 15, 20, 25 or 30-years
Second mortgage rates are fixed interest rates (fixed interest based on market conditions on the conversion date)

Home Equity Loan Repayment Terms:
Borrower may request a fixed rate advance from the customer care dept. after the lender funds the loan

Fixed Rate Advance Option: Fixed-rate advance options can initially be requested by loan officer at the time of disclosures.

To learn more and get additional loan information, please visit: Second Mortgage & Home Equity Loans

About BD Nationwide Mortgage Company:
BD Nationwide Mortgage is a second mortgage broker with corporate headquarters in Encinitas, California. They specialise in finance, home equity loans and credit lines for homeowners looking for debt consolidation or cash out. The company focus remains solidified with second mortgages for people with all types of credit. Always endeavoring to proffer “out of the box” loans, BD Nationwide Mortgage is found out to assist spread out crediting solutions so more Americans can maximise the financial rewards of being a homeowner

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