A brief summary of the last 5 days:
We have seen very little change in interest rates and volatility with no sudden peaks either up or down in the mortgage market. This trend of stability is a continuation of last week was very similar. But let me remind them that a few weeks ago much more varied. I expect that prices in the near future is not so stable with the uncertainty in the markets and the social problems in Egypt and Tunsinia lead to more turbulence.
Lock in the good prices before it's too late!
Thus ends the week with our daily rate LoanSafe.org report to our readers. Have a great weekend!
Wells Fargo Home Purchase Prices:
30-year fixed 4.875%
30-year fixed FHA 4.750%
15-year fixed 4.250%
5-year ARM 3.250%
5-year ARM FHA 3.250%%
Wells Fargo Refinancing Rates:
30-year fixed 4.875%
30-year fixed FHA 4.750%
15-year fixed 4.250%
5-year ARM 3.375%
5-year ARM FHA 3.250%
Chase Home Purchase Prices:
30-year fixed 4.750% decreased
15-year fixed 4.000% decreased
7 / 1 ARM 3.750%
5 / 1 ARM 3.250%
Chase refinance rates:
30-year fixed 4.875%
15-year fixed 4.125%
7 / 1 ARM 3.875%
5 / 1 ARM 3.375%
Bank of America Home Purchase Contract prices:
30-year fixed rate 4.750%
5-year ARM 3.000%
30-year fixed-rate interest only 5.375%
5-year ARM, interest only 3.375%
Bank of America refinancing rates:
30-year fixed rate 4.875%
5-year ARM 3.125%
30-year fixed-rate interest only 5.375%
5-year ARM, interest only 3.500%
PNC Home Purchase Contract prices:
10-year fixed rate 4.125% - 4.875%
15-year fixed rate 4.250% - 5.125%
20-year fixed rate 5.000% - 5.750%
30-year fixed rate 4.875% - 5.375%
PNC refinancing rates:
10-year fixed rate 4.125% - 4.875%
15-year fixed rate 4.250% - 5.125%
20-year fixed rate 5.000% - 5.750%
30-year fixed rate 4.875% - 5.375%
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