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News

The Latest Mortgage News

Let Amerisave keep you in touch with the changes in the industry.

Visit this page daily to see up to date articles that can help you with your buying decisions.

Posted: 04/21/14 9:18 AM

news
Mortgage Rates Rise
Mortgage rates increased last week as economic data was stronger than originally anticipated. In addition mortgage rates were under pressure from the long Easter weekend as the bond markets sold off to cover positions over the long weekend. This week should be quieter as far as economic data is concerned leading into next week s FOMC meeting. Overall, look for mortgage rates to remain in their recent longer term upward trend.

Posted: 04/07/14 9:37 AM

news
Mortgage Rates Flat
Mortgage rates finished the week mostly flat after it was reported that the US economy added 192,000 jobs in March. Mortgage rates finished March marginally higher than the beginning of the month, continuing the slight upwards trend seen since the beginning of February.

Posted: 03/31/14 9:22 AM

news
Mortgage Rates Ease Slightly
Mortgage rates decreased slightly last week amid relatively light financial data. Over the last two months the mortgage rates have been trending slightly higher and that longer term trend is expected to continue for the near term. Look for mortgage rates to remain under upwards pressure as the employment picture continues to improve and the Fed continues to unwind its highly accommodative monetary policies.

Posted: 03/24/14 11:45 AM

news
Mortgage Rates Increase
Mortgage rates increased last week as comments from the FOMC were less dovish than anticipated. The comments led to a selloff in the bonds markets as traders digested the first FOMC statement releases under new Fed Chair, Janet Yellen. Mortgage rates were immediately worse following the release of the statement and continued to fade towards the end of the week.

Posted: 03/17/14 9:50 AM

news
Mortgage Rates Decline
Mortgage rates declined last week as concerns over a slowing Chinese economy weighed on equities. Bonds rallied towards the end of the week though the rally was short-lived and mortgage-backed securities have sold of part of the gains. Mortgage rates ended last week lower overall, but have started the new week slightly higher.

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Today's Mortgage Rates

Loans up to $417,000 Rate* APR*
30 Year Fixed 4.125 4.265
15 Year Fixed 3.000 3.363
7 Year ARM 2.875 3.006
5 Year ARM 2.625 2.891
FHA Rates Rate* APR*
30 Year Fixed 3.500 4.714
15 Year Fixed 2.750 3.681
Veteran Loan Rates Rate* APR*
30 Year Fixed 3.500 3.803
15 Year Fixed 2.750 3.238
USDA Rates Rate* APR*
30 Year Fixed 3.625 4.233
*Rate/APR for $260K loan, Massachusetts property, 740 FICO, 80% CLTV, Rates effective 04/23/2014.
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