Skip to main content

Popular Product Rates Tick Upward, According to HSH
Jul 23, 2014

Rates on the most popular types of mortgages ticked slightly upward, according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by a single basis point (0.01 percent) to 4.21 percent. Conforming 5/1 Hybrid ARM rates increased by two basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.15 percent. "Mortgage rates continue to hang around low levels, but for every bright spot of economic news, there seems to be a countervailing force on rates, keeping them down" said Keith Gumbinger, vice president of "Better news on jobs, housing, and a recent pattern of solid growth are being offset by troubles in the middle east and the Ukraine, giving investors ample reason to stash cash in the safety of U.S. markets." Major stock markets continue to flirt with record high levels, and U.S.-backed bonds and mortgage debt continue to find willing buyers, even at today's relatively low yields. In more normal times of ongoing stock rallies it is more common to see money move out of bonds and into stocks, lifting bond yields and mortgage rates, even as it buoys stock markets further. "At some point, mortgage rates will again be moved upward by the more traditional influences of growth and inflation, but for the moment, they are being kept low by many other forces," adds Gumbinger. "Bad news continues to be a friend of the mortgage shopper, and if any kind of ‘correction’ should happen in sky-high stock markets, rates would even have some space to fall from these already low levels." Average mortgage rates and points for conforming residential mortgages for the week ending July 22, according to Conforming 30-year fixed-rate mortgage ►Average rate: 4.21 percent ►Average points: 0.19 Conforming 5/1-year adjustable-rate mortgage ►Average rate: 3.15 percent ►Average points: 0.10 Average mortgage rates and points for conforming residential mortgages for the previous week ending July 15 were, according to Conforming 30-year fixed-rate mortgage ►Average Rate: 4.20 percent ►Average Points: 0.17 Conforming 5/1-year adjustable-rate mortgage ►Average Rate: 3.13 percent ►Average Points: 0.07
Jul 23, 2014
Williston Financial Group, Doma Strike Deal

WFG is set to acquire Doma’s title operations, including operation centers in the Northern and Central California.

May 24, 2023
Mat Ishbia Takes A Charge At NBA Playoff Game

UWM CEO and majority owner of the Phoenix Suns involved in scuffle with Denver center Nikola Jokic

May 08, 2023
The Pitfalls Of Cash-Out Refinancing In A Rising Interest Rate Environment

Second-lien home equity loans are a far better way to take out cash

May 02, 2023
NEW YORK: How To Conquer - Not Fear - The Empire State

Roadblocks are many but payoff is worth it

May 01, 2023
RCN Capital Opens LA Office

Expansion marks lender's continued success.

Apr 26, 2023
Trigger Lead Legislation Renews Debate Over Consumer Choice

Borrowers can protect themselves from unsolicited lenders, but they could be doing themselves a disfavor

Apr 20, 2023