MLS Real Estate & Listings Blog

The Bush administration has put forward a sweeping plan for reorganizing the regulation of the financial system that would include national licensing standards for mortgage brokers and the elimination of federally chartered thrifts.

Many of the major aspects of the plan unveiled today by Treasury Secretary Henry Paulson would require congressional approval, and are not likely to be achieved during President Bush’s final year in office, Paulson acknowledged.  more…

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Long-term mortgage interest rates were unchanged Friday, and the
benchmark 10-year Treasury bond yield fell to 3.44 percent.

The 30-year fixed-rate average stayed at 5.75 percent, and the
15-year fixed rate held at 5.27 percent. The 1-year adjustable rate, however, gained to 5.32 percent.

The 30-year Treasury bond yield was down at 4.32 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Mortgage rates rose slightly this week, the lowest-fee 30-year from just below 6 percent to a hair above. Spreads still gape versus Treasurys, at 2.5 percent above the 10-year defying all of the Fed’s latest efforts. Five-year ARMs, both conforming and jumbo, are better in availability and rate, but both are scarcer and higher than in January.

The economy itself is in a curious place. This morning’s report of a half-percent gain in February personal income was head-scratching good news, not squaring with consumer confidence measures at 16-year lows, some components at 41-year all-time lows.  more…

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Long-term mortgage interest rates were up Thursday, and the
benchmark 10-year Treasury bond yield climbed to 3.53 percent.

The 30-year fixed-rate average rose to 5.75 percent, and the
15-year fixed rate gained to 5.27 percent. The 1-year adjustable rate, however, dropped to 5.3 percent.

The 30-year Treasury bond yield was up at 4.39 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates were lower Wednesday, and the
benchmark 10-year Treasury bond yield sank to 3.46 percent.

The 30-year fixed-rate average dipped to 5.68 percent, and the
15-year fixed rate slipped to 5.2 percent. The 1-year adjustable rate, however, rose to 5.46 percent.

The 30-year Treasury bond yield was up at 4.31 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates were flat Tuesday, and the benchmark 10-year Treasury bond yield sank to 3.51 percent.

The 30-year fixed-rate average dipped to 5.72 percent, and the 15-year fixed rate held at 5.22 percent. The 1-year adjustable rate slipped to 5.41 percent.

The 30-year Treasury bond yield was down to 4.3 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates gained sharply Monday, and the
benchmark 10-year Treasury bond yield grew to 3.56 percent.

The 30-year fixed-rate average climbed to 5.73 percent, and the
15-year fixed rate jumped to 5.22 percent. The 1-year adjustable rate rose to 5.45 percent.

The 30-year Treasury bond yield gained to 4.37 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates fell Thursday, and the
benchmark 10-year Treasury bond yield dropped to 3.33 percent.

The 30-year fixed-rate average dipped to 5.62 percent, and the
15-year fixed rate sank to 5.08 percent. The 1-year adjustable rate rose to 5.53 percent.

The 30-year Treasury bond yield slipped to 4.17 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates ended Wednesday mixed, and the
benchmark 10-year Treasury bond yield dropped to 3.34 percent.

The 30-year fixed-rate average held steady at 5.66 percent, while the
15-year fixed rate gained to 5.09 percent. The 1-year adjustable rate rose to 5.42 percent.

The 30-year Treasury bond yield slipped to 4.21 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates continued to fall Tuesday, and the
benchmark 10-year Treasury bond yield climbed to 3.49 percent.

The 30-year fixed-rate average dropped to 5.66 percent, and the
15-year fixed rate fell to 5.04 percent. The 1-year adjustable rate, however, rose to 5.34 percent.

The 30-year Treasury bond yield increased to 4.35 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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The Federal Reserve today cut 75 basis points from two key short-term interest rates — a move that in less turbulent times would have been viewed as a drastic measure, but which fell short of some investors’ expectations for a full 1 percent cut.

The Fed’s actions fueled a stock market rally, but aren’t expected to have an impact on long-term interest rates like mortgages until investors who fund loans return to the secondary market where they are bought and sold.  more…

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Long-term mortgage interest rates were down again Monday, and the
benchmark 10-year Treasury bond yield sank to 3.31 percent.

The 30-year fixed-rate average dropped to 5.74 percent, and the
15-year fixed rate fell to 5.09 percent. The 1-year adjustable rate dipped to 5.07 percent.

The 30-year Treasury bond yield decreased to 4.27 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates continued to fall Friday, and the
benchmark 10-year Treasury bond yield sank to 3.44 percent.

The 30-year fixed-rate average dropped to 5.89 percent, and the
15-year fixed rate fell to 5.22 percent. The 1-year adjustable rate, however, climbed to 5.11 percent.

The 30-year Treasury bond yield decreased to 4.36 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates were lower Thursday, and the
benchmark 10-year Treasury bond yield rose to 3.53 percent.

The 30-year fixed-rate average dropped to 5.95 percent, and the
15-year fixed rate fell to 5.28 percent. The 1-year adjustable rate, however, climbed to 4.99 percent.

The 30-year Treasury bond yield increased to 4.45 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates fell Wednesday, and the
benchmark 10-year Treasury bond yield sank to 3.47 percent.

The 30-year fixed-rate average dropped to 5.96 percent, and the
15-year fixed rate plunged to 5.32 percent. The 1-year adjustable rate, however, climbed to 4.85 percent.

The 30-year Treasury bond yield decreased to 4.41 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Long-term mortgage interest rates were up slightly Tuesday, and the
benchmark 10-year Treasury bond yield gained to 3.6 percent.

The 30-year fixed-rate average rose to 6.08 percent, and the
15-year fixed rate inched up to 5.5 percent. The 1-year adjustable rate climbed to 4.75 percent.

The 30-year Treasury bond yield increased to 4.51 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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In a new program intended to ease the credit crunch, the Federal Reserve today announced it will lend $200 billion in Treasury securities to banks and investment firms, allowing them to pledge mortgage-backed securities as collateral.  more…

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Long-term mortgage interest rates were mostly flat Monday, and the
benchmark 10-year Treasury bond yield was down at 3.45 percent.

The 30-year fixed-rate average slipped to 6.07 percent, and the
15-year fixed rate was unchanged 5.49 percent. The 1-year adjustable rate decreased to 4.63 percent.

The 30-year Treasury bond yield decreased to 4.46 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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Mortgage rates spiked to 6.75 percent on Wednesday, only today sliding back into the 6.5 percent range (these rates with no loan fees). There is good reason to expect rates to fall back, and maybe a long way, but only in the context of effective intervention by federal authorities.  more…

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Long-term mortgage interest rates posted more gains Thursday, and the
benchmark 10-year Treasury bond yield was down at 3.58 percent.

The 30-year fixed-rate average rose to 6.12 percent, and the
15-year fixed rate climbed to 5.53 percent. The 1-year adjustable rate jumped to 4.73 percent.

The 30-year Treasury bond yield decreased to 4.56 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more…

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