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Iceland forgives mortgage debt of its population. (May 8, 2012) Total Media Blackout

Published on Apr 12, 2012 by telesurenglish The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose ...

Current Mortgage Rates Move Up On Tuesday

Market Outlook 2.19.18 from Total Mortgage on Vimeo .

Where are mortgage rates going?                       Rates move up a little on Tuesday

Financial market participants have returned to the workplace after the day off yesterday. It’s a bit of a mix right now with stocks mostly lower and Treasury yields up slightly. The yield on the 10-year Treasury note (the best market indicator of where mortgage rates are going) is back up at 2.90%.

Click here to get today’s latest mortgage rates (Feb. 22, 2018).

We’ve seen it hit that mark during several trading sessions over the past week or so, but it hasn’t been able to hold above that position for any sustained period of time.

There was a lot of talk last week about the 10-year yield surging above 3.00%–which is definitely a significant psychological threshold for investors. At the moment, there doesn’t seem to be any clear threat of that happening, given that it’s a very light week for economic data, but it’s something to keep in mind for the near future.

Current Mortgage Rates Flat With Markets Closed on Monday | Total ...

Market Outlook 2.19.18 from Total Mortgage on Vimeo .

Where are mortgage rates going?                       Rates are flat as we start the week on a holiday

It’s President’s Day in the United States, and that means that the markets are closed. This is keeping mortgage rates, which largely fluctuate in response to the bond market, flat.

Click here to get today’s latest mortgage rates (Feb. 23, 2018).

Mortgage rates have been on a bit of an increase the past several weeks, with the average rate on a 30-year fixed rate mortgage moving up forty-three basis points from the start of the year, putting it at 4.38%.

There is no doubt that this increase is significant. It’s a big change from the mortgage rate environment last year, where rates remained in a very tight range throughout the year.

Now, with inflation ticking up and the Federal Reserve getting ready to continue their gradual adjustments to the federal funds rate, we’re seeing this very steady upward swing in rates.

What would be the total monthly mortgage on a new 4 bedroom home in the Poconos?

The home building company advertises a $230,000 home w/ $1,190 monthly mortgage for principle & interest only. The down payment requested is $8,047. What should I expect my monthly mortgage to be? Thank You!

Do you mean the $1190 is before or after the down payment?

Scenario A. $230,000 mortgage @1190/mo = interest rate of 4.68%

Scenario B $230,000 - $8047 = $221,953
$221,953 mortgage @ 4.68% = $1148.47/mo mortgage payment.