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

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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.

Bridge Mortgages Now Offers Fixed Home Equity Loans with Low Intro Rates

Bridge Mortgages Now Offers Fixed Home Equity Loans with Low Intro Rates

New York, NY (PRWEB) March 2, 2007

Bridge Mortgages began offering their new fixed rate home equity loan that provides a low introductory interest rate. The second mortgage lending team at Bridge has just released a new home equity product that offers a reduced intro rate for 6 months. The intro mortgage interest rates start as low as 6.25%. These home equity loans are 2nd lien installment mortgages with fixed interest rates with simple interest amortization.

According to mortgage consultant Sandy Sarconi, “This equity loan is perfect for my clients financing second home construction.” Sarconi continued, “6 months of low interest rates allow borrowers to complete their home improvement projects and still have a fixed rate payment at the end of the day.” This home equity loan has the characteristics of a home equity line of credit, but the interest rate is fixed so there is no fear of rising payments over the years.

Bridge is offering these introductory rates to homeowners with good credit scores ranging from 620 to 800. The 6.25% intro rate is offered to qualified borrowers with all combined loan to values not to exceed 100%. Applicants with a bad credit score may still qualify for other subprime refinancing products.

Fixed Rate Home Equity Loan Highlights

On all home equity loan programs eligible for this intro rate, our underwriting will use the higher of the two middle scores regardless of income. There are no cash out restrictions. There are no assets and reserves verified or even required for that matter. In addition, Bridge Mortgages continues its tradition of their second mortgage loans having no mortgage insurance required.

# # #

Attachments

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

Best Refinancing Rates

Best Refinancing Rates

Best refinancing rates

Get the Best Refinancing rates in the Market :

If you’re considering a bond refinance, it’s important to understand some myths. You do not need to wait at least twelve months since your purchase, and you do not need to save a minimum of one percent off your rate. You tin save by adjusting your loan program and you may be able to eliminate a private mortgage requirement (PMI) by refinancing now.

The best thing you can do to get the best refinancing rates on your mortgage is to make sure your credit report is clean and that your credit score is as high as possible. If you’ve had problems in the past getting approved for a loan from the bank, this is usually due to poor credit. When you apply for personal loans, credit cards and auto loans these are all forms of unsecured debt, meaning there are no assets to back them. If you have a lot of unsecured debt it can be a drag on your credit score, not to mention your budget. It also increases the chances of late or missed payments which can cause havoc with your credit score. Don’t let this happen to you if you want the lowest possible refinancing rates.

Low interest rate housing loan refinancing is easy for those with high credit scores. Usually the refinance is being done to decrease the mortgage interest rate or to get out of a poor mortgage contract. No matter what your reason is for refinancing you’ll find that the process is much easier if you’ve got strong credit.
So where do you find the best refinancing rates?
There are many banks, credit unions and even online lenders these days who are willing to refinance a home loan, especially for those with good assign. If you want the lowest possible interest rate then the outdo way to get this is to shop around. While this can be a long and tiring process you can speed it dramatically by looking at online lenders who will be happy to send you a free quote. And it’s quick and easily to fill out the online applications.
You could give a try because offers are changing every day.

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 …
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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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Refinance.com Cites Lowest Mortgage Rates Since March 2004 After Latest Fed Action

Refinance.com Cites Lowest Mortgage Rates Since March 2004 After Latest Fed Action

New York, NY (PRWEB) January 31, 2008 -

Refinance.com, the nation’s premier source for home mortgage refinancing, is reporting fixed mortgage rates at their lowest levels since March 2004. As a result of today’s actions by the Federal Reserve to lower interest rates and following last week’s emergency rate cut, Refinance.com sees a great opportunity for homeowners to take advantage of these low mortgage rates.

“The recent Federal Reserve rate cuts are contributing to the lowest 30 year fixed mortgage rates since March of 2004, and Refinance.com is reporting 30 year fixed rates as low as 5.5 percent with zero showed,” said Nicholas Bratsafolis, chairman and CEO of Refinance.com. “The mortgage market is showing ever increasing signs of returning to liquidity for many homeowners who need to refinance from adjustable to fixed rate mortgages. We urge homeowners to immediately contact lenders with expertise in bonding refinancing and explore various alternatives such as FHA fixed ranged insured loans,” he added.

Homeowners can take immediate advantage of the historic low bond rate, reduce their monthly payments, and enter into the payment certainty of a fixed rate mortgage, possibly with a FHA lend. Refinance.com offers dozens of programs tailored to each borrower’s unique situation with its broad expertise and nearly twenty years in home mortgage refinancing. Homeowners should view this time as an ideal opportunity to refinance their home mortgage at a historically low fixed rate.

Only FHA-approved lenders tinned offer FHA backed loans which provides mortgage insurance on those loans. Refinance.com has created an online resource for borrowers seeking to refinance their homes with a FHA insured refinance loan. Information, rates and mortgage calculators are available at http://www.refinance.com or by calling 1-800-734-REFI.

“Last week the Federal Reserve reduced the target overnight lending rate to 3.5 percent. Today’s cut brings that rate down to 3. percent and we believe this cut and continued foster action will lead to a stabilization of the home mortgage industry, which has been disrupted so dramatically over the past several months,” said Mr. Bratsafolis.

About Refinance.com: Refinance.com is one of the nations leading mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has assist thousands of clients reach their home refinancing goals through its diverse running of mortgage and refinancing options, and specializes in FHA mortgage lending. Founded in 1989, Refinance.com is based in New York City with offices in Syosset, NY and Boca Raton, FL. More information including mortgage rates and mortgage calculators is available at http://www.refinance.com.

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

Getting the Best Refinance Mortgage Rates

For real information click HERE: best-refinance-home-mortgage-loan-rates.com Getting the best refinance home mortgage loan rate, then, can be important to almost any homeowner. READ here to Save your money: best-refinance-home-mortgage-loan-rates.com
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