Current Interest Rates

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Mortgage Rates Up Slightly

June 4th, 2020|

Mortgage rates are up slightly this week. There continues to be a lack of supply in jumbo mortgages with many lenders limiting lending on larger mortgage loans, as well as continued overall tightening of lending [...]

Mortgage Rates Hit New Record Lows

May 28th, 2020|

Mortgage rates are at new historic lows with 30 Year Fixed Rate Mortgages below previous historic lows hit last month. The survey goes back 50 years, so it's quite significant. There continues to be a [...]

Mortgage Rates Remain At Record Lows

May 21st, 2020|

Mortgage rates are still at and near historic lows. There continues to be a lack of supply in jumbo mortgages with many lenders deciding to stop lending on larger mortgage loans, as well as tightening [...]

Mortgage Rates Remain Just Above Record Lows

May 14th, 2020|

Mortgage rates are still slightly above historic lows. There continues to be a lack of supply in jumbo mortgages with many lenders deciding to stop lending on larger mortgage loans, as well as tightening of [...]

Mortgage Rates Slightly Above Record Lows

May 7th, 2020|

Mortgage rates were slightly above historic lows this past week. There continues to be a lack of supply in jumbo mortgages with many lenders deciding to stop lending on larger mortgage loans, as well as [...]

April Fed Funds “Effective Rate” Is Lowest In History

May 1st, 2020|

The Federal Reserve announced monthly data for April this afternoon. The Fed Funds "Effective Rate" for April 2020 was 0.05%, the lowest reported monthly rate in history dating back to July 1954. The Effective Federal Funds Rate [...]

Mortgage Rates Hit Record Lows

April 30th, 2020|

Mortgage rates are now at historic lows with 30 Year Fixed Rate Mortgages below previous historic lows in 2012. There continues to be a lack of supply in jumbo mortgages with many lenders deciding to [...]

Changes to Savings Account Withdrawal Limits and Fees

April 27th, 2020|

A new rule permits banks to allow customers more than six withdrawals per month from savings accounts and waive excessive transaction fees. Previously, one of the main distinctions between checking and savings accounts was the inability [...]

Mortgage Rates Tick Up

April 23rd, 2020|

Mortgage rates ticked up a little this week, but remain near historic lows. There continues to be a lack of supply in jumbo mortgages with many lenders deciding to stop lending on larger mortgage loans, [...]

Check On Status Of Economic Impact Payments

April 16th, 2020|

The IRS started to distribute stimulus payments this week via direct deposit. If you haven't received yours and are looking for your Economic Impact Payment, check the "Get My Payment" page at the IRS website. Get [...]

Mortgage Rates Remain Near Historic Lows

April 16th, 2020|

Mortgage rates remain near historic lows with 30 Year Fixed Rate Mortgages similar to previous historic lows in 2012. There continues to be a lack of supply in jumbo mortgages with many lenders deciding to [...]

Mortgage Rates Level Near Historic Lows

April 9th, 2020|

Mortgage rates are leveling near historic lows with 30 Year Fixed Rate Mortgages similar to previous historic lows in 2012. There continues to be a lack of supply in jumbo mortgages with many lenders deciding [...]