St Louis Best Mortgage Rates

 St Louis Best Mortgage Rates [No Points]

• 30 Fixed/apr | 6.000% /6.100%

• 30 FHA/apr | 6.250% /6.750%

• 15 Fixed/apr | 5.500% /5.600%

• 7yr Arm/apr | 5.750% /5.850%

• 5yr Arm/apr | 5.500% /5.600%

• 3yr Arm/apr | 5.500% /5.600%

• 30 Jumbo/apr | n/a

• 15 Jumbo /apr | 6.875% /6.925%

• 7/1 Jumbo /apr | 7.000% /7.050%

• 5/1 Jumbo /apr | 6.875% /6.925%

• 3/1 Jumbo /apr | 6.500% /6.550%

St Louis Best Mortgage Rates [1% Point]

• 30 Fixed/apr | 5.750% /5.950%

• 30 FHA/apr | 6.000% /6.700%

• 15 Fixed/apr | 5.375% /5.575%

• 7yr Arm/apr | 5.250% /5.450%

• 5yr Arm/apr | 5.125% /5.325%

• 3yr Arm/apr | 4.875% /5.075%

• 30 Jumbo/apr | 7.250% /7.350%

• 15 Jumbo /apr | 6.375% /6.475%

• 7/1 Jumbo /apr | 6.375% /6.475%

• 5/1 Jumbo /apr | 6.125% /6.225%

• 3/1 Jumbo /apr | 5.875% /5.975%

Grau Perspective on Mortgage Rates for Wednesday May 21

Crude Inventories 5/17 | Reported -5,317,000 | Prior 176,000 | MODEST

FOMC Minutes 4/30 | Reported [Wed] | ELEVATED

Mortgage Backed Securities are currently -22bp on the day trading at $100.62.  We have seen solid gains the previous 5 trading days.  Bond prices have varied from 99.4375 - 100.90625 yesterday.  Today @ 2:00pm ET the Fed will release Minutes regarding last months Fed Meeting.  With Oil hitting $132.00 a barrel today, inflation concerns and Food and Energy’s impact on the economy has to been on the Feds agenda.  Now would be a good time to lock in some of those gains we have made the last few days since we could see INCREASING mortgage rates.

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%

grauteam update | 2.26.2008 | 30F 6.375% 15F 6% 7/1[1pt] 5.125%

 

Inflation is the hot button this week.  The Producer Price Index came in at a whopping 1.0% putting the overall year over year at 7.4%; the fastest rate of wholesale inflation since Read more

grauteam | mortgage update 1.02.2008

Rates are going to start out excellent in 2008. This morning the Supply Management Index Report for December was 47.7; the lowest in 2007. This means there was significant contraction in the manufacturing sector.  Read more

grauteam | mortgage update 12.27.2007

This has been a pretty light week for economic reports. Bonds have been taking their direction from Stocks. The Case-Shiller Price Index for October showed a 6.1% decline in home prices. Read more

grauteam | mortgage update 12.17.2007

Rates have risen back to a 5 week high. Expect more volatility since the Fed is caught between fighting inflation and preventing a recession. Friday’s Personal Consumption Expenditure [ PCE ] Report confirms if inflation remains under to 2% and could be the deciding factor on future rate cuts. Read more

grauteam | mortgage update 12.10.2007

We have had another extremely volatile week for Mortgage Rates and it has continued today. Tomorrow the FED meets to decide policy on the Fed Funds Rate. We are banking on a .50bp rate cut.  Read more

grauteam | mortgage update 12.03.2007

Rates have not been this good in 26 months ! Friday’s jobs report will be the deciding factor on how much the Fed Cuts its rate December 11 th . Read more

grauteam | mortgage update 11.19.2007

Interest Rates are continuing to improve today. They have not been this good since November 2, 2007 and are still very close to the lowest rates we’ve seen in 07.  Read more