Mortgage interest rates on 30 year loan stay below 5 percent for third consecutive week

Dennis Norman

Dennis Norman

By: Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending October 2, 2009. The report showed an increase of 16.4 percent in mortgage loan applications from the week before fueled by interest rates remaing below 5 percent.

Unfortunately interest rates seem to be doing more for existing homeowners and the mortgage industry than investors and the real estate market at refi’s for the week made up 66.3 percent of the mortgage loan application activity. Over the past four weeks shows homeowners refinancing existing loans is up 6.7 percent while borrowers financing the purchase of a home is only up a scant 0.2 percent.

Interest rates and fees for the week:

  • 30 year fixed-rate mortgage interest rates decreased to 4.89 percent from 4.94 percent the previous week, with fees increasing to 1.13 percent from 0.94 percent on loans that are 80 percent of the value of the home. This rate is at its lowest level since May 2009 when it was 4.81 percent.
  • 15 year fixed rate mortgage interest rates decreased to 4.32 percent from 4.34 percent with fees increasing to 1.04 percent from 1.01 percent on loans that are 80 percent of the value of the home. This is the lowest 15-year fixed-rate ever recorded in the MBA survey.
  • One-year ARM interest rates increased to 6.56 percent from 6.40 percent, with fees increasing to 0.30 percent from 0.29 for loans that are 80 percent of the value of the home
Print Friendly, PDF & Email

45 comments to Mortgage interest rates on 30 year loan stay below 5 percent for third consecutive week

  • … [Trackback]

    […] There you can find 3356 more Info to that Topic: […]

  • … [Trackback]

    […] There you can find 16862 more Information to that Topic: […]

  • Hello! I simply wish to give an enormous thumbs up for the nice information you could have here on this post. I will probably be coming back to your weblog for extra soon.

  • you’re in reality a just right webmaster. The site loading pace is incredible. It seems that you are doing any unique trick. Moreover, The contents are masterpiece. you’ve done a magnificent task in this subject!

  • … [Trackback]

    […] Find More on to that Topic: […]

  • … [Trackback]

    […] Read More on to that Topic: […]

  • Dead pent content, appreciate it for entropy.

  • Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2

  • … [Trackback]

    […] Read More here on that Topic: […]

  • … [Trackback]

    […] Read More Information here to that Topic: […]

  • I very like this blog. Everything is cleared.

  • Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

  • see

    I was just looking for this info for a while. After six hours of continuous Googleing, finally I got it in your site. I wonder what’s the lack of Google strategy that don’t rank this kind of informative sites in top of the list. Generally the top websites are full of garbage.

  • I like what you guys are up too. Such intelligent work and reporting! Carry on the superb works guys I’ve incorporated you guys to my blogroll. I think it’ll improve the value of my site :).

  • Hello I am so glad I found your web site, I really found you by
    mistake, while I was looking on Google for something else, Regardless I am here
    now and would just like to say kudos for a fantastic post and a all round interesting blog (I also love
    the theme/design), I don’t have time to go through it all at the moment but I have saved it and also added your RSS feeds,
    so when I have time I will be back to read a lot more, Please do keep up the fantastic

  • I could not refrain from commenting. Well written!

  • g

    Your method of telling everything in this article is really good,
    all can effortlessly know it, Thanks a lot.

  • … [Trackback]

    […] Read More Info here to that Topic: […]

  • Nice blog here! Also your site lots up very fast! What host are you the use of?
    Can I get your affiliate link in your host? I want my site loaded up as
    quickly as yours lol

  • Howdy! Quick question that’s totally off topic.
    Do you know how to make your site mobile friendly?
    My website looks weird when viewing from my apple iphone.
    I’m trying to find a theme or plugin that might be able
    to fix this problem. If you have any suggestions, please share.
    Many thanks!

  • It’s a pity you don’t have a donate button! I’d most certainly donate to this fantastic blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this site with my Facebook group. Talk soon!

  • I like this weblog very much so much excellent information.

  • … [Trackback]

    […] Read More to that Topic: […]

  • These are in fact impressive ideas in on the topic of blogging.

    You have touched some good things here. Any way keep up wrinting.

  • Undeniably believe that which you said. Your favorite justification appeared to be on the internet the simplest thing to be aware of.
    I say to you, I certainly get irked while people consider worries that
    they plainly do not know about. You managed to hit the nail upon the top and defined out the whole thing
    without having side-effects , people can take a signal.
    Will probably be back to get more. Thanks

  • Wonderful blog! I found it while searching on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there!
    Appreciate it

  • I simply couldn’t go away your web site before suggesting that I extremely enjoyed the standard information a person provide in your guests?
    Is going to be again often in order to investigate cross-check
    new posts

  • Its like you read my mind! You seem to know so much about this,
    like you wrote the book in it or something.
    I think that you could do with a few pics to drive the message home a little bit, but instead of that, this
    is magnificent blog. A fantastic read. I’ll certainly be back.

  • Appreciating the persistence you put into your site and in depth information you provide.

    It’s great to come across a blog every once in a while that isn’t the same unwanted rehashed material.
    Great read! I’ve bookmarked your site and I’m adding your RSS feeds to
    my Google account.

  • … [Trackback]

    […] Find More to that Topic: […]

  • Some really wonderful information, Gladiola I detected this.

  • This is the right site for anybody who would like to understand
    this topic. You realize so much its almost hard to
    argue with you (not that I really would want to…HaHa).

    You definitely put a new spin on a topic
    that has been written about for many years. Wonderful stuff, just excellent!

  • Everyone loves what you guys tend to be up too. This type
    of clever work and exposure! Keep up the awesome works guys
    I’ve added you guys to blogroll.

  • I simply want to say I am newbie to blogging and site-building and seriously liked you’re web blog. Probably I’m going to bookmark your blog post . You surely have outstanding posts. Thanks a bunch for sharing your web page.

  • I’ve been exploring for a little bit for any high
    quality articles or blog posts in this kind of house .
    Exploring in Yahoo I ultimately stumbled upon this website.
    Reading this info So i am glad to express that I’ve an incredibly
    just right uncanny feeling I discovered exactly what I needed.
    I so much definitely will make certain to don?t forget this website and provides it
    a glance regularly.

  • hello there and thank you for your info – I’ve definitely picked up something new
    from right here. I did however expertise several
    technical points using this web site, as I experienced to reload the website many times previous to I could get it to load correctly.
    I had been wondering if your hosting is OK? Not that I’m complaining, but sluggish loading instances
    times will sometimes affect your placement in google and can damage your quality score if ads and marketing with Adwords.
    Well I’m adding this RSS to my e-mail and could look out for a lot more of your respective intriguing
    content. Make sure you update this again soon.

  • … [Trackback]

    […] Info to that Topic: […]

  • Way cool! Some extremely valid points! I appreciate you writing this article plus the rest of the site is
    also really good. 34pIoq5 cheap flights

  • Excellent post. I was checking continuously this blog
    and I am impressed! Very useful information specifically the last
    part :) I care for such information a lot.
    I was looking for this certain info for a long time.

    Thank you and good luck.

  • It is really a nice and useful piece of information. I am glad that you shared this helpful info with us. Please stay us up to date like this. Thanks for sharing.

  • I just couldn’t go away your web site before suggesting that I really loved the standard info an individual supply to your visitors? Is going to be again often to check up on new posts

  • Well I really liked studying it. This post procured by you is very helpful for correct planning.

  • Good day! Would you mind if I share your blog with myfacebook group? There’s a lot of people that I think would really appreciate your content.Please let me know. Cheers

  • Hello, Neat post. There is an issue along with your website in internet explorer, might check thisK IE nonetheless is the marketplace chief and a huge part of other folks will leave out your excellent writing due to this problem.

  • Ppxnll szijkz [url=]cheapest pharmacy to buy cialis[/url] Ixfabj iqinkr cialis 20mg purchase cialis

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>