Refinance & Mortgage Rates Help Advice Tips

This Is A Brand New Exciting Offer That You Must Try!  Peak Home Loans And Costo Mortgage Services Have Come Together For The First Time To Offer A Fast And Fair, Hassle-Free, Refinance Mortgage, Home Purchase, Home Equity, Debt Consolidation, Or Any Other Type Of Home Loan You May Need.  Are You Wondering...  Should I Refinance My Home?  Do I Need Cash-Out  Now?  Do I Want To Purchase A House?  Do I Need A Home Equity Loan?  Need To Refinance An Investment Or Rental Property?  A $100,000.00 mortgage is only $397.00 per month with similar savings for other amounts.  And our best rate today starts at only 2.50% for purchasing or refinancing your home. Owe more than your home is worth?  No Problem.  Current rate more than 3.00 percent?  Refinance your mortgage now.  Have good credit, average credit, or bad credit?  You are in the right place.

Are you a First Time Home Buyer?  Do you need HARP refinancing?  A Reverse Mortgage?  We will help.  If you want to fix an Adjustable-Rate-Mortgage that is out of control and convert to a Fixed-Rate-Mortgage we will get it done for you.  Inquire about an FHA or VA Refinance loan up to $730K.  Or simply ask for home refinance help or home mortgage advice.  Our home loan specialists & mortgage refinance experts will do what it takes to get you the lowest rate, the lowest payment, the most money if you need cash-out, and the very best home for your money.

We work around poor credit and reward those with good credit.  'And we beat other guy's rate... every time.'   Our business is run for the sole purpose of helping our clients, even if that means sending them to a competitor, any profit we earn is just the result of our determination to help.  No SSN ever required.  So - APPLY NOW - Get Immediate, Online Quotes - Save Your Money & Time - You Have Nothing To Lose - This Is A Free, No-Obligation Service.

Today's Mortgage Story:

Refinance Mortgage Rate & Home Purchase Rates Move Higher For The Sixth Consecutive Week

Home mortgage rates and mortgage refinance rates moved higher again amidst concern The Fed may begin slowing down bond purchasing.  Consequently, this continued upward movement of rates will undoubtedly dampening momentum the refinance and home buying market has enjoyed during 2013.  What is happening is this... The Fed has not signaled any indication they will pull out of buying MBS (Mortgage Backed Securities - the most important factor impacted mortgage rates), they have not even indicated they will slow down on their purchase of these assets.  However, the problem (rapidly rising rates) is due to the fact that the mortgage market simply perceives a shift in the Fed's MBS purchasing policy.  The market sees (predicts) the Fed's slowly reversing their current quantitative easing policies.  And as unemployment continues to be stagnant, it seems rates will continue to move higher.  However, next week's Fed meeting should ultimately determine the course of the mortgage market.

Over in Europe, the outcome from their latest ECB Meeting (similar to our FED) was not good.  Ireland, Portugal, Slovenia, and of course Cyprus were all on the agenda as they are in desperate need of bailouts.  Several of the economically strong countries in the 17 member Eurozone have become reluctant to recapitalize the central bank, causing uncertainty in the debt crisis for the weak countries.  Demands for austerity from these strong EU countries continue to be unanswered.  And as Europeans continue to borrow, pile up more debt, and bail-out their neighbors, the future for the Eurozone, the Euro, and many European counties is uncertain.  Greece has failed.  Italy is on the agenda next, followed by Spain, then France.

Overall, interest rates on home loans are trending up.  The theory behind rising interest rates is as follows:  a stronger, more stable economy in the US and Europe, better employment data, higher consumer confidence and spending, the stock market moving higher, all cause and support higher interest rates.  The theory behind falling interest rates is as follows:  a weaker, flat, or unstable economy in the US and Europe, lower employment numbers, weakening consumer spending and confidence, the stock market remaining flat or moving lower, all contribute to falling interest rates.  This puts the best-scenario, 30-year fixed-rate conventional loan at 3.98%, up from 3.91%, for most lenders which is still good for those that intend to purchase a home or refinance a current mortgage.  Therefore, home loan refinancing remains a good idea now before rates ultimately go higher.  If you need mortgage refinance advice or home loan help, please click to apply now or contact us.

For The Week Ending June 13th, 2013:

• Thirty-year fixed-rate-mortgages (FRM's) averaged 3.98% with 0.7 points this week.  That was up 7 basis points from a week ago when they were 3.91%.  At this time, one year ago, the thirty-year FRM was approximately 3.71%.
• Fifteen-year fixed-rate-mortgage (FRM's) averaged 3.10% with 0.7 points for the week.  That is up 7 basis points from a week ago when they were 3.03%.  At this time last year, the fifteen-year FRM was hovering around 3.98%.
• Five-year Hybrid Treasury Indexed adjustable-rate-mortgages (ARM's) averaged 2.79% with 0.6 points this week.  That was up 5 basis points from a week ago when they were 2.74%.  At this time, one year ago, the five-year ARM was approximately 2.80%.
• One-year Treasury Indexed adjustable-rate-mortgages (ARM's) averaged 2.58% with 0.4 points for the week.  This was the same as a week ago when they were 2.58%.  At this time last year, the one-year ARM was hovering around 2.78%.

Mortgage Interest Rates Prediction For The Upcoming Week:

According to a survey of home loan experts at bankrate.com for the upcoming week, June 13th 2013 to June 19th 2013, 10 percent believe home loan and refinance mortgage rates will rise over the next week, 28 percent think mortgage and refinance rates will fall, and 62 percent believe mortgage rates will remain relatively unchanged (+/- 2 basis points).  Survey results are provided weekly.  Please come back often to see how accurate the experts fared.  Last week, interest rates were up 7 basis points to 3.98%, and 19 percent picked correctly.  As you can see, mortgage experts believe rates will go down this week, you may want to act accordingly.

Long Term Refinance Mortgage Rates, Help, Advice & Tips:

The bottom line is we would recommend not trying to improve on the current home loan & mortgage refinance rates due to the uncertainty in terms of movement, this can be verified at usa.gov.  Common belief is that European affairs & the US FED will tend to keep refinance mortgage rates and home purchase rates lower than might be without their external force;  nonetheless, interest rates will continue to fluctuate.

Your best bet is to focus on the fact that interest rates are low and can change quickly based on events that are not lined up or able to be forecast.  If you intend to refinance your home or purchase a house now it is up to you whether to lock or not.  Risk versus reward for floating and not locking looks like more of a gamble now than we would like, but not out of the question for those who understand the risks and have an exit strategy if things do not go their way.  Please click interest rate lock to learn more about locking in your rate.  If you need more help or advice, please contact us.

Free online quotes & immediate results - Save time & money - This is a no-obligation service - Solid help & advice.