DATE

Maryland Mortgage Rate Information

8/24/10

1:32 pm. July homes sales are dramatically down! The markets are following the free fall. This may be due to several factors. The end of the home buyers incentive programs, summer is often a slow time for home sales and the home buyer is more concerned about keeping their job than about buying an upgraded house. With 30 year rates in the mid 4s it looks like money is still cheap to borrow....the problem is...no one is buying. So refi watchers there is a huge incentive to lower your rate now. Some mortgages can even be lowered without a refi. So now is the time!

7/10/10

5:22 pm. With stock markets jumping up and down, mix economic data on jobs, weakening of foreign currency, the question of a double recession still looms. This is actually good news for mortgage rate consumers. Rates have been dropping and dropping fast. It would be hard to imagine them going down any further. But they may. It really all depends on the run to the dollar by investors, new jobless claims and economic futures expecting a recession to not be alleviated until 2013. Look to lock in soon or just gets some updated mortgage rates!

4/20/10

11:58 am. With fraud charges pending against large investment firms the markets seem to be uneasy. Outside the States the economy still seems sluggish and inside, there remains section of the nation hard hit. However, there are signs of a ongoing recovery in some parts of the county. In addition, quarterly profits are up for investment bankers and job creation is up and home prices seem to have stabilized in sections of the northeast. Rates have dipped slightly recently. This trend may hold but expect to see rates go up if large lawsuits are filed and charges are made against banking firms. In addition. If new legislation passes that breaks up investment banking firms expect mortgage back securities to start having much higher rates of return and therefore requiring mortgage rates to increase.

2/22/10

12:45 pm. As stocks drop in recent days, investors move back to the bond market. This moved has inched rates upwards over the past few sessions. Expect this trend to continue as uncertainly over the worlds economy continues. In addition, stricter lending rules in the credit markets are making banks turn to tighter lending rules in the mortgage markets. Once again, making it harder to get a home loan.

2/4/10

8:25 pm. With key US job reports coming in and questions over the recovery the mortgage markets have moved to benefit the borrowers. Specifically, the good credit borrowers. The credit markets still remain tight but borrowers with strong credit history can start to take advantage of the record low rates. The banks are getting pressure to lend TARP money. In addition, recent slips in the markets, both US and International, have led investors to move to the bond causing the yield to drop which has resulted in recent drop in rates. .

1/11/10

8:25 pm. Rates are inching upwards. The Feds are starting to make moves to recover some of the funds that were lent to banks in need. In addition the markets have been mixed. Earnings have been both up and down for major companies. This likely is a sign the economy may be holding on to the 'end of the recession and signs that the recovery may be here. Some speculate a double dip and another recession will occur and that may be what is causing traders to hold rates low for now but they are inching up. In addition..... new regulations and guidelines have been eliminating many lenders and many borrowers abilities to get loans. This tighter market also pushes rates up. Expect rates to rise and lending guidelines tighten as the markets and economy recover and the government re- regulates to make up for under regulations of years past.

Previous Best Mortgage Rate Info.

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