St. Louis Mortgage Rate Update; "You’ll never buy at the bottom" Interest rates are on the rise

Mortgage rates have been rising nonstop since the end of last week. If you are considering a refinance or taking the plunge and buying a new home, you’d better get moving.   I just had a prospect shop rates and terms for his new home over the last couple of weeks and just called back; he finally decided on a lender and wanted an updated rate quote to lock his loan. Needless to say,  he was terribly disappointed…the rates we originally spoke about on a 30 year fixed rate a couple of weeks ago was in the high 3’s, my quote yesterday was 4.25% (4.45% APR ).

The yield on the 10-year Treasury note has climbed from 2.01 percent to 2.38 percent in a week. When rates were at/near their bottom, the 10-year yield stayed below or close to 2 percent. It’s been five months since the yield reached the high it is at now.

Mortgage rates normally follow the direction of bond yields. Freddie Mac’s required net yield also is an indication of where rates are headed.  Freddie’s yield rose from 3.36 percent to 3.63 percent in a little more than a week.

Industry “experts” believe yields will continue to rise.   “The 30-year fixed could climb up to 4.5 percent or even 5 percent.”  That would be a significant jump if you look back a few weeks ago, when the 30-year rate was in the high 3’s.

Why have rates been moving up? The general consensus is that the economy is strengthening; investors are dumping the safety of bonds and going for the prospect of higher returns via stock and equity investment. They are riskier, but the returns are higher.
St. Louis MORTGAGE INTEREST RATES for March 21, 2012:

  • Conventional 30-Year Fixed 4.250%/ 4.45% APR
  • Conventional 15-Year Fixed 3.375%/ 3.519% APR
  • Conventional 5/1 ARM 2.75%/ 3.018% APR
  • FHA/VA 30 Year Fixed 4.00%/ 3.241% APR
  • Jumbo 5/1 ARM 2.875%/ 3.135% APR
  • Jumbo 15 yr Fixed 3.50%/ 3.755% APR
  • Jumbo 30 yr Fixed 4.875%/ 5.132% APR

*The above mortgage rates are based upon an 80% LTV, o/o single family with FICO scores of 720.

Paramount Mortgage is a locally owned Mortgage Banker celebrating our 41st year. Great rates and programs are secondary to what is most desired in a lender relationship: Integrity, Communication and Customer Satisfaction. Be to check out our website: www.paramountmortgage.com

For more information or if you have questions on mortgage rates you may contact me by phone at my direct line, (314) 372-4319, email at rfishel@paramountmortgage.com or you can visit our company website at http://www.paramountmortgage.com.

 

Print Friendly, PDF & Email

72 comments to St. Louis Mortgage Rate Update; "You’ll never buy at the bottom" Interest rates are on the rise

  • You really make it appear so easy along with your presentation however I in finding this topic to be really one thing which I believe I’d never understand. It kind of feels too complicated and extremely extensive for me. I’m looking forward on your next put up, I?¦ll try to get the cling of it!

  • Right here is the right web site for anyone who really wants to understand this topic. You realize a whole lot its almost tough to argue with you (not that I really will need to…HaHa). You certainly put a fresh spin on a topic which has been written about for many years. Wonderful stuff, just excellent!|

  • Hi there, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam responses? If so how do you stop it, any plugin or anything you can advise? I get so much lately it’s driving me mad so any assistance is very much appreciated.|

  • Thanks for sharing your thought

  • I will right away snatch your rss feed as I can’t to find your e-mail subscription link or e-newsletter service. Do you have any? Kindly let me recognise so that I could subscribe. Thanks.

  • Hi, I do think this is an excellent site. I stumbledupon it ;) I’m going to come back once again since i have saved as a favorite it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.|

  • I enjoy the efforts you have put in this, thanks for all the great blog posts.

  • I will immediately snatch your rss feed as I can’t to find your email subscription link or e-newsletter service. Do you have any? Kindly allow me realize so that I may just subscribe. Thanks.

  • Useful info. Lucky me I discovered your website accidentally, and I’m stunned why this accident did not happened in advance! I bookmarked it.|

  • I like it whenever people come together and share ideas. Great website, stick with it!|

  • Hi, Neat post. There’s a problem along with your web site in internet explorer, would test this? IE nonetheless is the marketplace leader and a huge element of other folks will omit your magnificent writing due to this problem.|

  • Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your weblog? My website is in the exact same niche as yours and my visitors would truly benefit from some of the information you present here. Please let me know if this alright with you. Thanks!|

  • This is a topic that’s close to my heart… Cheers! Where are your contact details though?|

  • you’re actually a good webmaster. The website loading pace is incredible. It seems that you are doing any distinctive trick. Also, The contents are masterpiece. you’ve done a great task in this matter!|

  • Way cool! Some extremely valid points! I appreciate you writing this write-up plus the rest of the website is also very good.|

  • This article will help the internet visitors for setting up new blog or even a blog from start to end.|

  • Hi, i think that i saw you visited my blog so i came to “return the favor”.I am trying to find things to improve my web site!I suppose its ok to use a few of your ideas!!|

  • I am impressed with this web site, really I am a big fan .

  • Fantastic post however , I was wanting to know if you could write a litte more on this subject? I’d be very grateful if you could elaborate a little bit further. Thank you!

  • I have been surfing online more than 3 hours today, yet I never discovered any fascinating article like yours. It is lovely value sufficient for me. In my opinion, if all site owners and bloggers made just right content material as you did, the web can be a lot more useful than ever before. “No nation was ever ruined by trade.” by Benjamin Franklin.

  • I constantly spent my half an hour to read this webpage’s content everyday along with a mug of coffee.|

  • My partner and I stumbled over here by a different page and thought I might check things out. I like what I see so now i am following you. Look forward to checking out your web page again.|

  • Aw, this was a really nice post. Taking a few minutes and actual effort to create a really good article… but what can I say… I hesitate a whole lot and don’t seem to get nearly anything done.|

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

  • Heya i’m for the first time here. I found this board and I find It really useful & it helped me out a lot. I hope to give something back and help others like you helped me.|

  • Thanks on your marvelous posting! I truly enjoyed reading it, you might be a great author.I will make certain to bookmark your blog and will come back very soon. I want to encourage continue your great posts, have a nice holiday weekend!|

  • I was suggested this web site by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my difficulty. You’re amazing! Thanks!|

  • You have remarked very interesting points! ps nice site.

  • Hi my friend! I wish to say that this article is awesome, nice written and include approximately all vital infos. I¦d like to look extra posts like this .

  • I truly value your piece of work, Great post.

  • I very like this blog. Everything is cleared.

  • Excellent, what a weblog it is! This web site presents useful data to us, keep it up.|

  • Howdy very nice site!! Man .. Beautiful .. Superb .. I will bookmark your web site and take the feeds additionally…I’m happy to seek out numerous helpful information right here within the submit, we need work out more strategies on this regard, thanks for sharing.

  • I like the helpful info you provide in your articles. I’ll bookmark your weblog and check again here regularly. I’m quite certain I’ll learn many new stuff right here! Good luck for the next!

  • When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!

  • You could definitely see your enthusiasm in the work you write. The world hopes for more passionate writers like you who are not afraid to say how they believe. Always follow your heart.

  • An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  • Hello, yup this piece of writing is genuinely nice and I have learned lot of things from it on the topic of blogging. thanks.|

  • Wonderful beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog site? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept|

  • I like the valuable information you provide in your articles. I’ll bookmark your weblog and check again here frequently. I am quite sure I will learn a lot of new stuff right here! Good luck for the next!|

  • If some one needs expert view on the topic of blogging and site-building after that i recommend him/her to go to see this blog, Keep up the good work.|

  • Hello! This is kind of off topic but I need some advice from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any points or suggestions? Appreciate it

  • I have been browsing online more than 3 hours nowadays, yet I by no means discovered any fascinating article like yours. It is pretty price sufficient for me. In my opinion, if all webmasters and bloggers made just right content material as you probably did, the net will probably be much more helpful than ever before.|

  • With havin so much content do you ever run into any problems of plagorism or copyright violation? My site has a lot of completely unique content I’ve either written myself or outsourced but it seems a lot of it is popping it up all over the web without my agreement. Do you know any solutions to help prevent content from being ripped off? I’d definitely appreciate it.

  • I would like to thnkx for the efforts you have put in writing this website. I am hoping the same high-grade site post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own web site now. Really the blogging is spreading its wings fast. Your write up is a good example of it.

  • I really like your writing style, fantastic information, regards for posting :D. “I will show you fear in a handful of dust.” by T. S. Eliot.

  • Hey very cool web site!! Man .. Excellent .. Amazing .. I’ll bookmark your site and take the feeds alsoKI’m glad to search out numerous useful info right here in the submit, we want work out more strategies on this regard, thanks for sharing. . . . . .

  • Thanks for every other informative site. The place else could I am getting that type of info written in such an ideal means? I’ve a undertaking that I am just now running on, and I have been at the glance out for such information.

  • Yeah bookmaking this wasn’t a speculative decision outstanding post! .

  • I as well as my friends came taking note of the excellent items found on your web page while immediately I got a terrible feeling I had not thanked the website owner for those tips. These young boys were as a result joyful to read through them and have surely been tapping into them. We appreciate you turning out to be really thoughtful as well as for picking out certain notable issues most people are really desirous to be informed on. My personal honest apologies for not saying thanks to you sooner.

  • get

    You should take part in a contest for one of the best blogs on the web. I will recommend this site!

  • go

    Thank you for another informative website. The place else could I am getting that kind of info written in such an ideal way? I’ve a mission that I’m just now operating on, and I have been at the look out for such info.

  • Just wish to say your article is as amazing. The clearness to your post is just spectacular and that i could think you’re an expert in this subject. Well together with your permission allow me to snatch your feed to stay up to date with forthcoming post. Thank you one million and please keep up the rewarding work.

  • Hi there, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you stop it, any plugin or anything you can advise? I get so much lately it’s driving me mad so any help is very much appreciated.

  • Very nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed surfing around your blog posts. After all I’ll be subscribing to your feed and I hope you write again very soon!

  • I was very happy to search out this net-site.I needed to thanks to your time for this glorious read!! I positively having fun with each little bit of it and I have you bookmarked to take a look at new stuff you weblog post.

  • Great post. I was checking constantly this weblog and I’m impressed! Extremely useful info specially the closing part :) I take care of such information much. I used to be seeking this particular information for a long time. Thank you and best of luck.

  • Hello, Neat post. There’s a problem with your web site in internet explorer, may check this? IE nonetheless is the market chief and a big component to people will miss your fantastic writing due to this problem.|

  • I’ve been browsing on-line greater than three hours these days, yet I never discovered any attention-grabbing article like yours. It¦s beautiful worth sufficient for me. In my view, if all web owners and bloggers made excellent content as you did, the internet shall be a lot more helpful than ever before.

  • I found your blog web site on google and verify a few of your early posts. Continue to keep up the superb operate. I just extra up your RSS feed to my MSN Information Reader. Searching for ahead to reading more from you in a while!…

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>