I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates fell sharply on Friday after the March consumer price index showed only a tiny 0.1 percent gain in "core" inflation (excluding food & energy). The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with one and three-quarter points, down half-a-point from Thursday, for a savings of $500 on a $100,000 loan and $1500 on a $300,000 loan. This will be the last blog update of the current series. To keep up with changes in mortgage rates on a daily basis, follow my Twitter feed via the link on my website. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
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04/15/2011
Friday 6PM 04/15/11 Today's Current Mortgage Rates DOWN
04/14/2011
Thursday 5PM 04/14/11 Today's Current Mortgage Rates UP
I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates rose slightly on Thursday after a reminder that inflation was continuing to rise at the wholesale level last month. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and a quarter points, up one-eighth of a point from Wednesday, for an extra cost of $125 on a $100,000 loan and $375 on a $300,000 loan. On Friday, we will see the consumer price index of inflation at the retail level. Another half-percent rise is expected. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
04/13/2011
Wednesday 8PM 04/13/11 Today's Current Mortgage Rates DOWN
I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates fell again slightly on Wednesday after a weaker-than-expected March retail sales report.
The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and one-eighth points, down one-eighth of a point from Tuesday,
for a savings of $125
on a $100,000 loan
and $375
on a $300,000 loan.
On Thursday,
we will see first-time
claims for weekly state
unemployment benefits.
No significant change
is expected.
That's what's happening.
I’m David Beadle.
If you want to "avoid" being caught "by surprise"
the next time mortgage rates rise,
find out about my *Real-Time*
text and email "bulletins,"
by visiting RateAlertNow.com.
04/12/2011
Tuesday 5PM 04/12/11 Today's Current Mortgage Rates DOWN
I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates finally made a move on Tuesday, after having been "unchanged" for the prior three trading days. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and a quarter points, down one-eighth of a point from Monday, for a savings of $125 on a $100,000 loan and $375 on a $300,000 loan. On Wednesday, we will see March retail sales. They are expected to be at half the February increase, which had been reported as a one-percent gain. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
04/11/2011
Monday 5PM 04/11/11 Today's Current Mortgage Rates FLAT
I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates were flat for a third-straight day on Monday as most investors remained on the sidelines ahead of Tuesday's $32 billion auction of U.S. 3-Year Treasury notes. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and three-eighth points, unchanged from Friday. On Tuesday, we will also see the February trade deficit with other countries. A slight decrease in the gap is expected. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
Monday 8AM 04/11/11 Today's Current Mortgage Rates FLAT
I'm David Beadle. Good Monday Morning! Here's what's happening from RateAlertNow.com. Mortgage rates were flat again on Friday despite another new high in crude oil prices to levels not seen since September 2008. Gold hit an all-time record high as further evidence of inflationary pressures related to the falling value of the U.S. dollar. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and three-eighth points, unchanged from Thursday. Now that the immediate crisis over the current fiscal year budget appears to be over, Congress will turn its attention this week to the upcoming budget for the year which begins on October 1st. But the bond market will be focused upon whether or not the National Debt ceiling is raised in timely fashion before the May deadline. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
04/08/2011
Friday 6PM 04/08/11 Today's Current Mortgage Rates FLAT
I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates were flat again on Friday despite another new high in crude oil prices to levels not seen since September 2008. Gold hit an all-time record high as further evidence of inflationary pressures related to the falling value of the U.S. dollar. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and three-eighth points, unchanged from Thursday. By Monday, we will know if the federal government shutdown has occurred. This will provide input for Treasury and mortgage traders trying to determine the next direction of rates, which also could be influenced by how foreign investors perceive the political gridlock. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
Friday 8AM 04/08/11 Today's Current Mortgage Rates FLAT
I'm David Beadle. It's Friday! Here's what's happening from RateAlertNow.com. Mortgage rates were flat on Thursday despite a new high in crude oil prices to levels not seen since September 2008. Gasoline prices also moved up. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and three-eighth points, unchanged from Wednesday. Today, we will see if a federal government shutdown takes place. The latest indication from those placing bets on the possibility shows a 40% likelihood of such an outcome. But that could change, depending upon what transpires as the clock ticks down toward the 11:59PM ET deadline. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
04/07/2011
Thursday 5PM 04/07/11 Today's Current Mortgage Rates FLAT
I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates were flat on Thursday despite a new high in crude oil prices to levels not seen since September 2008. Gasoline prices also moved up. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and three-eighth points, unchanged from Wednesday. On Friday, we will see if a federal government shutdown takes place. The latest indication from those placing bets on the possibility shows a 55% likelihood of such an outcome. But that could change, depending upon what transpires as the clock ticks down toward the 11:59PM ET deadline. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
Thursday 3PM 04/07/11 Today's Current Mortgage Rate Advisory
I'm David Beadle at RateAlertNow.com. Coming up at 6PM Eastern Time: I’ll tell you what happened to mortgage rates this afternoon, following today's report of a strong new earthquake in northeast Japan. And I’ll have the latest on what they’re saying right now about tomorrow's possibility of a federal government shutdown. Check out my free intra-day Twitter Rate Alerts and sign up for my real-time Text Alerts at only $4.99 per week. The full story in less than three hours--right here--and on Twitter.
