Wednesday 8AM 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 moved back “down” to Friday’s level, after concerns resurfaced about a potential slowdown in U.S. growth exacerbated by additional moves on Tuesday by China to cool down its surging economy. But there was also caution ahead of Wednesday’s Federal Reserve monetary policy decision, even though no change in rates is expected.

The national-average 30-year fixed-rate mortgage is now at four-and-seven-eighths percent with one and five-eighths points, down a quarter of a point from Monday, for a savings of $250 on a one-hundred thousand dollar loan..

The five-and-one-eighth percent rate fell an eighth of a point to three-eighths 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 an eighth of a point from Monday. The four-and-a-half percent rate fell to an 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.

News from the consumer sector showed “confidence” was higher than expected this month, with a more than two-point increase.

Today, we-will-see the latest figures on New Home Sales. The estimate is that they rose “mildly” last month.

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.

Tuesday 5PM 01/26/10 Today’s Current Mortgage Rates Update News

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

Thirty-year mortgage rates moved back “down” to Friday’s level, after concerns resurfaced about a potential slowdown in U.S. growth exacerbated by additional moves on Tuesday by China to cool down its surging economy. But there was also caution ahead of Wednesday’s Federal Reserve monetary policy decision, even though no change in rates is expected.

The national-average 30-year fixed-rate mortgage is now at four-and-seven-eighths percent with one and five-eighths points, down a quarter of a point from Monday, for a savings of $250 on a one-hundred thousand dollar loan..

The five-and-one-eighth percent rate fell an eighth of a point to three-eighths 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 an eighth of a point from Monday. The four-and-a-half percent rate fell to an 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.

News from the consumer sector showed “confidence” was higher than expected this month, with a more than two-point increase.

On Wednesday, we-will-see the latest figures on New Home Sales. The estimate is that they rose “mildly” last month.

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 Wednesday morning for my next *free* mortgage rate update.

Tuesday 8AM 01/26/10 Today’s Current Mortgage Rates Update News

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

Thirty-year mortgage rates rose on Monday after the stock market found its “footing” and held a narrow gain. There was talk that Fed Chairman “Ben Bernanke” might be granted a “second” four-year term as “Fed Head” after all. But the speculation will not end until the vote is in, and the “exact date” of the “U.S. Senate” showdown has “yet” to be determined.

The national-average 30-year fixed-rate mortgage rose to four-and-seven-eighths percent with one and seven-eighths points, up a quarter of a point from Friday, 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 at one-and-five-eighths points, up an eighth of a point from Friday. 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.

The bond market “benefited” from a report on Monday morning, saying existing home sales plunged 16.7 percent last month, after many people thought the $8000 federal income tax credit (for first-time buyers) would not be renewed. It eventually was extended, but too late to cause an improvement in the December data.

Today, we will find out how Consumer Confidence “fared” this month. The expectation is for a “sideways” trend.

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.

Monday 5PM 01/25/10 Today’s Current Mortgage Rates Update News

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

Thirty-year mortgage rates rose on Monday after the stock market found its “footing” and held a narrow gain. There was talk that Fed Chairman “Ben Bernanke” might be granted a “second” four-year term as “Fed Head” after all. But the speculation will not end until the vote is in, and the “exact date” of the “U.S. Senate” showdown has “yet” to be determined.

The national-average 30-year fixed-rate mortgage rose to four-and-seven-eighths percent with one and seven-eighths points, up a quarter of a point from Friday, 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 at one-and-five-eighths points, up an eighth of a point from Friday. 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.

The bond market “benefited” from a report on Monday morning, saying existing home sales plunged 16.7 percent last month, after many people thought the $8000 federal income tax credit (for first-time buyers) would not be renewed. It eventually was extended, but too late to cause an improvement in the December data.

On Tuesday, we will find out how Consumer Confidence “fared” this month. The expectation is for a “sideways” trend.

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 Tuesday morning for my next *free* mortgage rate update.

Monday 8AM 01/25/10 Today’s Current Mortgage Rates Update News

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

Thirty-year mortgage rates fell this past week as worries increased about the durability of any economic recovery next year.

The national-average thirty-year fixed-rate mortgage is now at four and three-quarters percent with one-and-a-quarter points, down a quarter point from a week earlier, for a savings of two-hundred fifty dollars on a one-hundred thousand dollar loan.

If you’d rather pay fewer points, the five-percent rate fell an eighth of a point to a mere one-eighth of a point during the week.

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 fifteen-year fixed-rate is now at four-and-a-quarter percent with one-and-an eighth points, down an eighth of a point from the start of the week. The four-and-three-eighths percent rate is unchanged at just “half” of one point.

If you want to know instantly when rates are moving up or down while floating your loan, you have to follow the changes in the points. To make this possible, you will need my real-time mortgage rate alerts throughout the day, while you are involved in the home-loan application process.

During the upcoming week, there will be a flurry of fresh data releases. These will include Monday’s look at October existing home sales, Tuesday’s report on November consumer confidence and Wednesday’s update on first-time claims for weekly state unemployment benefits. The financial markets are closed on Thursday for Thanksgiving. NO economic reports are scheduled for Friday.

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.