Maryland Mortgage Rates and News from -2/2/2012

As we have seen so many times recently, Maryland mortgage rates have hit lows again. It was recently expected that rates may move upwards slightly as the economy was showing revived vigor. However, earnings and growth came in slightly below expectations. This sent Maryland mortgage rates inching back to their recent lows. 30 year Maryland mortgage rates are still hovering around the high 3% range while 15 year Maryland mortgage rates hovered around the low 3% range. If the economy remains flat, as it did in December, expect rates to stay in this area.

Maryland Mortgage Rates and News from -1/30/2012

Running on a 8 weeks below 4 percent, Maryland mortgage rates took a turn and inched upwards but still remained below the 4% mark. The good news on the housing market is that sales of pre-existing homes rose in December. This is giving optimism to new home builders that home markets will heat up even though new home sales fell last month. Rates may inch upwards but it looks like the Fed is determined to keep them low until 2014.

Maryland Mortgage Rates and News from -1/20/2012

As we go into the weekend the markets ended slightly mixed. The yield on the 10 year t-bill was also up slightly. According to Freddie Mac’s survey mortgage rates inched lower this week to an all time record low. Maryland mortgage refinancing is on an upswing as borrowers and homeowners take advantage of these continuing record low mortgage rates. Keep watch on the T-Bills yield as it begins to inch up on a recovering market. Maryland mortgage rates may start to rise soon all be it very little.

Previous Maryland Mortgage Rate Information

January 10, 2012 to January 18,2012