The Greater Boston Real Estate Voice: A Blog Dedicated to All Things Boston Real Estate

Mortgage Rates Remain Flat

Mortgage Rates Remain Flat

Freddie Mac reports each Thursday on mortgage rates and comments on rate movement. 

"Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher. Mortgage spreads – the difference between mortgage rates and the 10-year Treasury rate – are declining from their elevated levels earlier this year. Although today’s mortgage spread is about 1.8 percentage points and still has some room to move down if the 10-year Treasury continues to rise, it’s encouraging to see that the spread is almost back to normal levels."

See the full chart here

 

Purchase Mortgage Applications in 2020

The amount new purchase mortgage applications has consistently been up over 20% over where it was compared to activity in the same period in 2019. The chart below depicts the purchase applications for new home purchases not refinancing of existing mortgages.  You will see the activity has been consistently hovering at 20% over where it was last year. As we go into 2021, housing seems to continue to lead the economy out the any economic downturn.

Mortgage Rates Remain Flat

Mortgage Rates Remain Flat

Freddie Mac reports each Thursday on mortgage rates and comments on rate movement. 

"Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher. Mortgage spreads – the difference between mortgage rates and the 10-year Treasury rate – are declining from their elevated levels earlier this year. Although today’s mortgage spread is about 1.8 percentage points and still has some room to move down if the 10-year Treasury continues to rise, it’s encouraging to see that the spread is almost back to normal levels."

See the full chart here

Purchase Mortgage Applications in 2020

The amount new purchase mortgage applications has consistently been up over 20% over where is was compared to activity in the same period in 2019. The chart below depicts the purchase applications for new home purchases not refinancing of existing mortgages.  You will see the activity has been consistently hovering at 20% over where it was last year. As we go into 2021, housing seems to continue to lead the economy out the any economic downturn.

http://www.MMahoney.com - From Realtor Mike Mahoney. I wanted to go over what happens to purchasing power when interest rates either increase or decrease by 1% point.

Please review this video to learn how your buying power of a home is affected if you are planning to use a mortgage to purchase your next home.

Mike Mahoney
http://www.MMahoney.com
http://www.CoachMikeMahoney.com
617-980-9025

Today's Hot Mortgage Rates from Thea Simolari of The Mortgage Network

I wanted to share w/ you todays hot mortgage rates for the week of 1/13/2010.
These come to us from Thea Simolari of the Mortgage Network.

Below you can find this week's rate sheet.
Download Mortgage Rate Sheet -1-13-11All- TSimolari

If you would like to get a pre-approval from Thea, you can begin the process right here

If you want to do a home search to see what is available, you can use my free real estate search here

Have a GREAT Weekend!

Mike Mahoney and Thea Simolari