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The Latest Mortgage News

Let AmeriSave Mortgage Corporation 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: 09/29/14 9:56 AM

news
Mortgage Rates Flat
Mortgage rates were flat last week as no data or headlines moved the market. Supply and demand is driving the direction of mortgage rates in the absence of anything else to create movement in the market. Rates remain within the range that began in May and the near-term outlook is for them to remain in the range.

Posted: 09/22/14 10:12 AM

news
Mortgage Rates Increase
Mortgage rates have increased to the high end of their recent range after the FOMC ended its asset purchase program. Economic data continues to show an improving outlook and the FOMC also released a more aggressive rate hike outlook for when the time comes to increase rates. Mortgage rates were under pressure, but supply still out-weighs demand in the underlying markets.

Posted: 09/08/14 11:08 AM

news
Mortgage Rates Flat
Mortgage rates were mostly flat last week after nonfarm payrolls disappointed. Job gain were the lowest since December 2013, however an initial improvement to mortgage rates faded as Friday s session wore on. Once again look for mortgage rates to trade in their recent range until there is a significant headline to change their direction.

Posted: 09/02/14 9:37 AM

news
Mortgage Rates Ease
Mortgage rates moved slightly lower in their recent summer range leading into the Labor Day holiday weekend. Economic data was light last week as many market participants were also on holiday. The beginning of this holiday-shortened week is also light on data; however nonfarm payrolls are released Friday morning. Friday s data always has the potential to move mortgage rates.

Posted: 08/25/14 9:57 AM

news
Mortgage Rates Flat
Mortgage rates were flat last week given the light economic data and lack of concern with overseas headlines. The upcoming week is not packed with data either, although a second look at Q2 GDP is released on Thursday. Look for mortgage rates to remain in their summer range.

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Today's Mortgage Rates

Loans up to $417,000 Rate* APR* Points*
30 Year Fixed 3.625 3.930 3.486
15 Year Fixed 2.625 3.150 3.427
7 Year ARM 2.500 3.019 3.825
5 Year ARM 2.125 2.934 3.850
3 Year ARM 2.500 3.115 3.880
FHA Rates Rate* APR* Points*
30 Year Fixed 3.250 4.345 0.750
15 Year Fixed 2.750 3.565 0.834
Veteran Loan Rates Rate* APR* Points*
30 Year Fixed 3.250 3.462 1.002
15 Year Fixed 2.750 3.124 0.959
USDA Rates Rate* APR* Points*
30 Year Fixed 3.250 3.900 1.910
*Rate/APR/Points for $260K loan,
Massachusetts property, 740 FICO, 80% LTV,
Rates effective 10/01/2014
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AmeriSave Mortgage Corporation, NMLS ID #1168, (www.nmlsconsumeraccess.org); Corporate Office: One Capital City Plaza, 3350 Peachtree Road NE, Suite 1000, Atlanta, GA 30326. Additional licensing information may be found by clicking here on this "Licensing" link. For questions regarding state licensing, please contact (866) 970-7283. Not all products and options are available in all states. Terms are subject to change without notice. Some people portrayed are professional models. ©2014 AmeriSave Mortgage Corporation.
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