Wednesday Noon 01/27/10 Today’s Current Mortgage Rate Alert News

I’m David Beadle at RateAlertNow.com.
Coming up at 5PM Eastern Time:
I’ll tell you what happened to mortgage rates this morning, after the report on December new home sales. A mild increase had been expected in the annualized pace.
And I’ll have the latest on what they’re saying right now about tomorrow’s update on first-time claims for weekly state unemployment benefits and whether they moved sharply higher for a second week in a row.
The full story is coming up when the markets close–right here–on YouTube.

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.

Thursday 3PM 01/21/10 Today’s Current Mortgage Rate Alert News

I’m David Beadle at RateAlertNow.com.
Coming up at 5PM Eastern Time:
I’ll tell you what happened to mortgage rates this afternoon, following the report on weekly claims for first-time state unemployment benefits. A mild decline had been expected.
And I’ll have the latest on what they’re saying right now about next week’s two-day Fed meeting and “when” the current era of ultra-low interest rates may finally come to an end.
The full story is coming up in less than two hours–right here–on YouTube.

Thursday Noon 01/21/10 Today’s Current Mortgage Rate Alert News

I’m David Beadle at RateAlertNow.com.
Coming up at 5PM Eastern Time:
I’ll tell you what happened to mortgage rates this morning, after the report on weekly claims for first-time state unemployment benefits. A mild decline had been expected.
And I’ll have the latest on what they’re saying right now about next week’s two-day Fed meeting and “when” the current era of ultra-low interest rates may finally come to an end.
The full story is coming up when the markets close–right here–on YouTube.

Wednesday 3PM 01/20/10 Today’s Current Mortgage Rate Alert News

I’m David Beadle at RateAlertNow.com.
Coming up at 5PM Eastern Time:
I’ll tell you what happened to mortgage rates this afternoon, following the report on December producer prices, which covers the cost of goods at the wholesale level of inflation.
And I’ll have the latest on what they’re saying right now about tomorrow’s update on first-time claims for weekly state unemployment benefits and whether they may have “headed higher” once again.
The full story is coming up in less than two hours–right here–on YouTube.