St. Louis Best Mortgage Rates

 St Louis Best Mortgage Rates [No Points]

• 30 Fixed/apr | 5.875% /5.975%

• 30 FHA/apr | 6.250% /6.750%

• 15 Fixed/apr | 5.500% /5.600%

• 7yr Arm/apr | 5.625% /5.725%

• 5yr Arm/apr | 5.500% /5.000%

• 3yr Arm/apr | 5.500% /4.750%

• 30 Jumbo/apr | n/a

• 15 Jumbo /apr | 6.750% /6.950%

• 7/1 Jumbo /apr | 6.750% /6.850%

• 5/1 Jumbo /apr | 6.750% /6.850%

• 3/1 Jumbo /apr | 6.375% /6.575%

St Louis Best Mortgage Rates [1% Point]

• 30 Fixed/apr | 5.625% /5.825%

• 30 FHA/apr | 6.000% /6.200%

• 15 Fixed/apr | 5.250% /5.450%

• 7yr Arm/apr | 5.125% /5.325%

• 5yr Arm/apr | 5.000% /5.200%

• 3yr Arm/apr | 4.750% /4.950%

• 30 Jumbo/apr | 7.125% /7.225%

• 15 Jumbo /apr | 6.250% /6.350%

• 7/1 Jumbo /apr | 6.250% /6.350%

• 5/1 Jumbo /apr | 6.000% /6.100%

• 3/1 Jumbo /apr | 5.875% /6.975%

St Louis Best Mortgage Rates

St Louis Best Mortgage Rates [No Points]

• 30 Fixed/apr | 5.875% /5.975%

• 30 FHA/apr | 6.250% /6.750%

• 15 Fixed/apr | 5.500% /5.600%

• 7yr Arm/apr | 5.625% /5.725%

• 5yr Arm/apr | 5.500% /5.000%

• 3yr Arm/apr | 5.500% /4.750%

• 30 Jumbo/apr | n/a

• 15 Jumbo /apr | 6.875% /6.950%

• 7/1 Jumbo /apr | 6.750% /6.850%

• 5/1 Jumbo /apr | 6.750% /6.850%

• 3/1 Jumbo /apr | 6.500% /6.575%

St Louis Best Mortgage Rates [1% Point]

• 30 Fixed/apr | 5.625% /5.825%

• 30 FHA/apr | 6.000% /6.200%

• 15 Fixed/apr | 5.250% /5.450%

• 7yr Arm/apr | 5.125% /5.325%

• 5yr Arm/apr | 5.000% /5.200%

• 3yr Arm/apr | 4.750% /4.950%

• 30 Jumbo/apr | 7.125% /7.225%

• 15 Jumbo /apr | 6.250% /6.350%

• 7/1 Jumbo /apr | 6.250% /6.350%

• 5/1 Jumbo /apr | 6.000% /6.100%

• 3/1 Jumbo /apr | 5.875% /6.975%

Mortgage Rates Predictions

 

Mortgage Rates Predictions  

The Fannie Mae Bond is +35bp on the day @ 100.16.  The 200 day moving average held up.  Initial Jobless claims, Empire State Index, Capacity Utilization, and Industrial Production all reported worse than expected results.  The Philadelphia Fed Index was better than predicted, but still bad.  With the recent talk of inflation concerns, the stock market will not be counting on any more stimuli from Fed Rate Cuts.  When we receive weak economic news investors hopefully will get back to considering Mortgage Backed Securities as low risk safe investments… bring Mortgage Rates Down!  We should see continued improvement in rates today.

Conforming No Points & 1%

30 Fixed  6.000% | 5.750%

15 Fixed 5.750% | 5.375%

7/1 Arm 5.875% | 5.375%

5/1 Arm 5.625% | 5.125%

3/1 Arm 6.125% | 5.000%

30 Fixed FHA 6.125%

15 Fixed FHA 6.250%

Jumbo No Points & 1%

30 Fixed N/A | 7.125%

15 Fixed 7.000% | 6.375%

7/1 Arm 6.875% | 6.375%

5/1 Arm 6.750% | 6.125%

3/1 Arm 6.500% | 5.750%

1/1 Arm n/a | 5.125%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Mortgage Rates Predictions

 

Mortgage Rates Predictions  

The Fannie Mae Bond is -3bp on the day @ 99.62.  This morning the CPI Index was better than economist expected.  A modest CPI is a sign that inflation concerns may cool off.  The good inflation news benefited both the Stock and Bond market earlier this morning.  Unfortunately for mortgage rates, the stock market seams to be winning and some lenders have already increased rates this afternoon.  The 200 day moving average continues to be a solid support for bonds and if the Philly Fed Index is weak tomorrow we could see BETTER RATES TOMORROW.  The volatility is absolutely insane though.  If there are any layers or risk to your mortgage [ex. <720 credit, low down payment, ARM, JUMBO...] I still stand by my Lock and Close ASAP recommendation.  Notice the +.5% increase in a number of ARMs in the last couple of days!

 

Conforming No Points & 1%

30 Fixed  6.125% | 5.875%

15 Fixed 5.750% | 5.500%

7/1 Arm 5.500% | 5.375%

5/1 Arm 5.750% | 5.125%

3/1 Arm 5.625% | 5.000%

30 Fixed FHA 6.250%

15 Fixed FHA 6.375%

Jumbo No Points & 1%

30 Fixed N/A | 7.250%

15 Fixed 7.000% | 6.375%

7/1 Arm 6.875% | 6.375%

5/1 Arm 6.750% | 6.125%

3/1 Arm 6.500% | 5.750%

1/1 Arm n/a | 5.125%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Mortgage Rates Predictions May 12, 2008

 

Mortgage Rates Predictions  

The Fannie Mae Bond is -0bp on the day @ 100.44.  Mortgage Rates lost some ground as predicted Friday.  There are no important economic reports scheduled for release today.  Currently the Mortgage Bonds are resting on the 50 and 100 day moving averages.  This is a solid layer of support and hopefully will hold up today.  Rates should be FLAT today in expectation of Retail Sales tomorrow.

Conforming No Points & 1%

30 Fixed  6.000% | 5.750%

15 Fixed 5.625% | 5.375%

7/1 Arm 5.500% | 5.125%

5/1 Arm 5.375% | 4.875%

3/1 Arm 5.250% | 4.625%

30 Fixed FHA 6.000%

15 Fixed FHA 6.000%

Jumbo No Points & 1%

30 Fixed N/A | 7.125%

15 Fixed 6.750% | 6.250%

7/1 Arm 6.375% | 5.875%

5/1 Arm 6.250% | 5.625%

3/1 Arm 6.250% | 5.375%

1/1 Arm n/a | 4.750%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Mortgage Rates Predictions

 

The Fannie Mae Bonds -6bp on the day @ 100.88.  We saw .125% improvement in rates since yesterday.  Mortgage Rates are leaning towards INCREASING.

Conforming No Points & 1%

30 Fixed  5.875% | 5.625%

15 Fixed 5.375% | 5.125%

7/1 Arm 5.500% | 5.125%

5/1 Arm 5.250% | 4.875%

3/1 Arm 5.250% | 4.625%

30 Fixed FHA 6.000%

15 Fixed FHA 6.000%

Jumbo No Points & 1%

30 Fixed N/A | 7.125%

15 Fixed 6.625% | 6.125%

7/1 Arm 6.250% | 5.875%

5/1 Arm 6.125% | 5.500%

3/1 Arm 6.000% | 5.250%

1/1 Arm 7.000% | 4.750%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Mortgage Rates Predictions

 

The Fannie Mae Bonds +3bp on the day @ 100.72.  We saw .125% Improvement in rates since yesterday.  Rates are Holding.

Conforming No Points & 1%

30 Fixed  6.000% | 5.750%

15 Fixed 5.500% | 5.250%

7/1 Arm 5.750% | 5.250%

5/1 Arm 5.375% | 5.000%

3/1 Arm 5.375% | 4.750%

30 Fixed FHA 6.000%

15 Fixed FHA 6.000%

Jumbo No Points & 1%

30 Fixed N/A | 7.000%

15 Fixed 6.750% | 6.250%

7/1 Arm 6.625% | 5.875%

5/1 Arm 6.375% | 5.625%

3/1 Arm 5.875.% | 5.125%

1/1 Arm 6.875% | 4.875%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Mortgage Rates Predicitons | 5.7.08

 

The Fannie Mae Bonds +34bp on the day.  Rates should improve.

Conforming No Points & 1%

30 Fixed  6.125% | 5.875%

15 Fixed 5.625% | 5.375%

7/1 Arm 5.875% | 5.375%

5/1 Arm 5.625% | 5.125%

3/1 Arm 5.500% | 4.875%

30 Fixed FHA 6.000%

15 Fixed FHA 5.500%

Jumbo No Points & 1%

30 Fixed N/A | 7.125%

15 Fixed 6.875% | 6.250%

7/1 Arm 6.875% | 6.125%

5/1 Arm 6.500% | 5.875%

3/1 Arm 6.000% | 5.250%

1/1 Arm 6.875% | 5.000%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Mortgage Rates Predictions | 30 Fixed 5.625% 15 Fixed 5.375% FHA 5.500%

 

The US Trade deficit was significantly wider than expectations this morning.  Even with the Initial Jobless claims beating expectations, the Fannie Mae Mortgage Backed Securities are +12bp currently.  We ended the day yesterday with about +26bp so long term mortgage rates have seen some benefit.  The credit tightening has shown no signs of letting up in regards to mortgage lending.  United Guarantee [the Mortgage Insurance Company] sent notification yesterday that they will be making major overhauls to their mortgage insurance guidelines.  All of St. Louis will now be considered a declining market, limiting loan to values [LTV] to 90%.  They require a 680 credit score for conventional loans to $417,000.  Also, they will no longer insure cash out, A-Minus, Limited Doc, Second Homes, Condos, Investment Properties, Arms, and will require 5% down payment from the buyers own funds [no gifts or grants].  Let’s hope everyone doesn’t follow suit with this overreaction.  I recommend locking and closing if you are in a position to.

30 Fixed/apr | 5.625%/5.725%

15 Fixed/apr | 5.375%/5.475%

FHA/apr | 5.5%/5.95%

 

grau team wrap-up | 30F 6.000% 15F 5.250%

 

What a week for the mortgage market!  The good news - since the inflation numbers came out flat today, we can almost guarantee a -.75% Feds Rate cut on Tuesday March 18th.  This should at least give some stability to the market.  So much has happened this week, I am going to have to finish the “wrap-up” over the weekend.  Have a great weekend!

30 Fixed/apr | 6.000%/6.100%

15 Fixed/apr | 5.250%/5.350% 

 

« Previous Page — Next Page »