Friday 5PM 01/29/10 Today’s Current Mortgage Rates Update News

I’m David Beadle. Here’s what’s happening from RateAlertNow.com.

Thirty-year mortgage rates fell on Friday, despite the sharp increase in fourth-quarter “growth,” thanks to a “rise” in the “inventory” of unsold goods, plus higher exports. The Dow tried to stage a triple-digit rally on the news, but the effort fizzled, and that gave mortgages the “opportunity” to move to lower yield levels.

The national-average 30-year fixed-rate mortgage is now at four-and-seven-eighths percent with one and five-eighths points, “down” three-eighths of a point from Thursday, for a savings of $375 on a one-hundred thousand dollar loan.

The five-and-one-eighth percent rate fell a “quarter” of one point to–a quarter of one point!

Remember: one point is worth “one percent” of the loan amount. This means “one point” is one-thousand dollars on a one-hundred- thousand dollar loan…and two-thousand dollars on a two-hundred thousand dollar loan.

When it comes to a two-point loan, that represents two percent of the loan amount. This means “two points” is two-thousand dollars on a one-hundred thousand dollar loan…and four-thousand dollars on a two-hundred thousand dollar loan.

The national-average 15-year fixed-rate mortgage was “lower” as well, with the four-and-a-quarter percent rate now at one-and-A-half points, down a quarter of a point from Thursday. The four-and-a-half percent rate was down, to just “one-eighth” of one point.

In order for you to know “when” to lock your “floating” fixed-rate
mortgage, you have to have “an Early Warning” system with immediate news on changes in current rates & points +before+ they occur throughout every business day. That’s where my “Rate Alert Now” service becomes essential to your “rate lock” strategy. I’ll tell you via regular e-mail and/or mobile “text messaging” when current rates are about to go up, and if you act quickly, you may be able to reach your local mortgage originator by phone to lock your rate +before+ the mortgage company becomes aware of what’s going on, and changes its rates. The cost of my service is less than one dollar a day.

As mentioned, October through December “GDP” jumped by 5.7 percent, the most in six years. But many “analysts” said, that type of large increase will not be seen again, during the “current” year.

Next Friday, we-will-see the January employment report. While the unemployment “rate” is expected to “remain” the same, the “number” of new jobs created, “may” move into “positive” territory, after December’s disappointing results.

That’s what’s happening. I’m David Beadle. For full details on my real-time mortgage rate alert service to help you “beat the system,” visit RateAlertNow.com and check back here later this weekend for my next *free* mortgage rate update.

Friday 8AM 01/29/10 Today’s Current Mortgage Rates Update News

I’m David Beadle. Here’s what’s happening from RateAlertNow.com.

Thirty-year mortgage rates “rose” again on Thursday, despite “shocking” news on the sustained increase in first-time claims for weekly state unemployment benefits, and a triple-digit plunge in stock prices, which took the Dow Jones Industrial average closer toward the 10,000 level. Shortly after the president’s State of the Union address on Wednesday night, U.S. Treasury yields had spiked higher in Asian trading. So, finishing the Thursday session almost unchanged was a relief to many traders.

The national-average 30-year fixed-rate mortgage is now at four-and-seven-eighths percent with two points, “up” an eighth of a point from Wednesday, for an extra cost of $125 on a one-hundred thousand dollar loan.

The five-and-one-eighth percent rate held steady at “half” of one point.

Remember: one point is worth “one percent” of the loan amount. This means “one point” is one-thousand dollars on a one-hundred- thousand dollar loan…and two-thousand dollars on a two-hundred thousand dollar loan.

When it comes to a two-point loan, that represents two percent of the loan amount. This means “two points” is two-thousand dollars on a one-hundred thousand dollar loan…and four-thousand dollars on a two-hundred thousand dollar loan.

The national-average 15-year fixed-rate mortgage was higher, with the four-and-a-quarter percent rate now at one-and-three-quarters points, up an eighth of a point from Wednesday. The four-and-a-half percent rate was up an eighth of a point as well, to three-eighths of one point.

In order for you to know “when” to lock your “floating” fixed-rate
mortgage, you have to have “an Early Warning” system with immediate news on changes in current rates & points +before+ they occur throughout every business day. That’s where my “Rate Alert Now” service becomes essential to your “rate lock” strategy. I’ll tell you via regular e-mail and/or mobile “text messaging” when current rates are about to go up, and if you act quickly, you may be able to reach your local mortgage originator by phone to lock your rate +before+ the mortgage company becomes aware of what’s going on, and changes its rates. The cost of my service is less than one dollar a day.

As mentioned, first-time claims for weekly state unemployment benefits remained in the 470,000 area, when economists had “expected” a drop to 450,000.

Today, we-will-see the first estimate of 4th Quarter Gross Domestic Product, for the three-month period, which ended on December 31st. The “guess” is that growth “more than doubled” from the third quarter of last year.

That’s what’s happening. I’m David Beadle. For full details on my real-time mortgage rate alert service to help you “beat the system,” visit RateAlertNow.com and check back here later today for my next *free* mortgage rate update.

Thursday 5PM 01/28/10 Today’s Current Mortgage Rates Update News

I’m David Beadle. Here’s what’s happening from RateAlertNow.com.

Thirty-year mortgage rates “rose” again on Thursday, despite “shocking” news on the sustained increase in first-time claims for weekly state unemployment benefits, and a triple-digit plunge in stock prices, which took the Dow Jones Industrial average closer toward the 10,000 level. Shortly after the president’s State of the Union address on Wednesday night, U.S. Treasury yields had spiked higher in Asian trading. So, finishing the Thursday session almost unchanged was a relief to many traders.

The national-average 30-year fixed-rate mortgage is now at four-and-seven-eighths percent with two points, “up” an eighth of a point from Wednesday, for an extra cost of $125 on a one-hundred thousand dollar loan.

The five-and-one-eighth percent rate held steady at “half” of one point.

Remember: one point is worth “one percent” of the loan amount. This means “one point” is one-thousand dollars on a one-hundred- thousand dollar loan…and two-thousand dollars on a two-hundred thousand dollar loan.

When it comes to a two-point loan, that represents two percent of the loan amount. This means “two points” is two-thousand dollars on a one-hundred thousand dollar loan…and four-thousand dollars on a two-hundred thousand dollar loan.

The national-average 15-year fixed-rate mortgage was higher, with the four-and-a-quarter percent rate now at one-and-three-quarters points, up an eighth of a point from Wednesday. The four-and-a-half percent rate was up an eighth of a point as well, to three-eighths of one point.

In order for you to know “when” to lock your “floating” fixed-rate
mortgage, you have to have “an Early Warning” system with immediate news on changes in current rates & points +before+ they occur throughout every business day. That’s where my “Rate Alert Now” service becomes essential to your “rate lock” strategy. I’ll tell you via regular e-mail and/or mobile “text messaging” when current rates are about to go up, and if you act quickly, you may be able to reach your local mortgage originator by phone to lock your rate +before+ the mortgage company becomes aware of what’s going on, and changes its rates. The cost of my service is less than one dollar a day.

As mentioned, first-time claims for weekly state unemployment benefits remained in the 470,000 area, when economists had “expected” a drop to 450,000.

On Friday, we-will-see the first estimate of 4th Quarter Gross Domestic Product, for the three-month period, which ended on December 31st. The “guess” is that growth “more than doubled” from the third quarter of last year.

That’s what’s happening. I’m David Beadle. For full details on my real-time mortgage rate alert service to help you “beat the system,” visit RateAlertNow.com and check back here on Friday morning for my next *free* mortgage rate update.

Thursday 8AM 01/28/10 Today’s Current Mortgage Rates Update News

I’m David Beadle. Here’s what’s happening from RateAlertNow.com.

Thirty-year mortgage rates reversed direction and header higher again on Wednesday, after the Federal Reserve said it truly “will” stop purchasing mortgage-backed securities at the end of March. The Fed has been purchasing about 80 percent of “all” the new fixed-rate mortgages coming to market, to keep “home loan rates” low. Many Wall Street traders believe the task of buying most of the loans will be given to Fannie Mae, Freddie Mac and the FHA, when the Spring buying season commences.

The national-average 30-year fixed-rate mortgage is now at four-and-seven-eighths percent with one and seven-eighths points, “up” a quarter of a point from Tuesday, for an extra cost of $250 on a one-hundred thousand dollar loan..

The five-and-one-eighth percent rate rose an eighth of a point to “half” of one point.

Remember: one point is worth “one percent” of the loan amount. This means “one point” is one-thousand dollars on a one-hundred- thousand dollar loan…and two-thousand dollars on a two-hundred thousand dollar loan.

When it comes to a two-point loan, that represents two percent of the loan amount. This means “two points” is two-thousand dollars on a one-hundred thousand dollar loan…and four-thousand dollars on a two-hundred thousand dollar loan.

The national-average 15-year fixed-rate mortgage was “UP” as well, with the four-and-a-quarter percent rate now at one-and-five-eighths points, up an eighth of a point from Tuesday. The four-and-a-half percent rate “rose” to a “quarter” of one point.

In order for you to know “when” to lock your “floating” fixed-rate
mortgage, you have to have “an Early Warning” system with immediate news on changes in current rates & points +before+ they occur throughout every business day. That’s where my “Rate Alert Now” service becomes essential to your “rate lock” strategy. I’ll tell you via regular e-mail and/or mobile “text messaging” when current rates are about to go up, and if you act quickly, you may be able to reach your local mortgage originator by phone to lock your rate +before+ the mortgage company becomes aware of what’s going on, and changes its rates. The cost of my service is less than one dollar a day.

New home sales fell 7.6 percent last month, to an “annualized” pace of only 342,000 units. This “was” down substantially, from an “upwardly” revised result, for the month of November.

Today, we-will-see first-time claims for weekly state unemployment benefits. A “decline” to the 450,000 mark, is expected.

That’s what’s happening. I’m David Beadle. For full details on my real-time mortgage rate alert service to help you “beat the system,” visit RateAlertNow.com and check back here later today for my next *free* mortgage rate update.

Wednesday 5PM 01/27/10 Today’s Current Mortgage Rates Update News

I’m David Beadle. Here’s what’s happening from RateAlertNow.com.

Thirty-year mortgage rates reversed direction and header higher again on Wednesday, after the Federal Reserve said it truly “will” stop purchasing mortgage-backed securities at the end of March. The Fed has been purchasing about 80 percent of “all” the new fixed-rate mortgages coming to market, to keep “home loan rates” low. Many Wall Street traders believe the task of buying most of the loans will be given to Fannie Mae, Freddie Mac and the FHA, when the Spring buying season commences.

The national-average 30-year fixed-rate mortgage is now at four-and-seven-eighths percent with one and seven-eighths points, “up” a quarter of a point from Tuesday, for an extra cost of $250 on a one-hundred thousand dollar loan..

The five-and-one-eighth percent rate rose an eighth of a point to “half” of one point.

Remember: one point is worth “one percent” of the loan amount. This means “one point” is one-thousand dollars on a one-hundred- thousand dollar loan…and two-thousand dollars on a two-hundred thousand dollar loan.

When it comes to a two-point loan, that represents two percent of the loan amount. This means “two points” is two-thousand dollars on a one-hundred thousand dollar loan…and four-thousand dollars on a two-hundred thousand dollar loan.

The national-average 15-year fixed-rate mortgage was “UP” as well, with the four-and-a-quarter percent rate now at one-and-five-eighths points, up an eighth of a point from Tuesday. The four-and-a-half percent rate “rose” to a “quarter” of one point.

In order for you to know “when” to lock your “floating” fixed-rate
mortgage, you have to have “an Early Warning” system with immediate news on changes in current rates & points +before+ they occur throughout every business day. That’s where my “Rate Alert Now” service becomes essential to your “rate lock” strategy. I’ll tell you via regular e-mail and/or mobile “text messaging” when current rates are about to go up, and if you act quickly, you may be able to reach your local mortgage originator by phone to lock your rate +before+ the mortgage company becomes aware of what’s going on, and changes its rates. The cost of my service is less than one dollar a day.

New home sales fell 7.6 percent last month, to an “annualized” pace of only 342,000 units. This “was” down substantially, from an “upwardly” revised result, for the month of November.

On Thursday, we-will-see first-time claims for weekly state unemployment benefits. A “decline” to the 450,000 mark, is expected.

That’s what’s happening. I’m David Beadle. For full details on my real-time mortgage rate alert service to help you “beat the system,” visit RateAlertNow.com and check back here on Thursday morning for my next *free* mortgage rate update.