HSH Market Trends

March 5, 2010 — The Federal Reserve’s review of regional conditions found three quarters of the country in economic recovery, and that with some expressions of growth muted by February storms. Given that winter’s end is just a few weeks away, the next Fed “beige book” will probably add another district or two to the “expanding” side of the ledger.

This week, the overall average for 30-year fixed-rate mortgages tracked by HSH.com’s FRMI sported a decline of six basis points (.06%), ending HSH.com’s survey week at 5.34%, the lowest such average since mid-December 2009. The FRMI includes conforming, jumbo and the GSE’s “high-limit” conforming products in its calculation. The average interest rate for the FRMI’s Hybrid 5/1 ARM counterpart lost a full tenth-percentage point (.10%) during the latest survey cycle, closing the survey week at 4.48%.

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These are the latest HSH National Interest Rate Benchmarks — produced from HSH’s weekly editorial survey of mortgage lenders across the US. Click here for more information. We have long-term statistical sets, too.

HSH National Interest Rate Benchmarks For Week Ending 03/05/2010
	This Week		Month Ago		Year Ago
Loan Types (click for graph)	Average Combined Rate	Average Points	Average Combined Rate	Average Points	Average Combined Rate	Average Points
30 Yr FRM	5.34%	0.26	5.42%	0.27	5.69%	0.39
15 Yr FRM	4.73%	0.24	4.81%	0.24	5.27%	0.35
1/1 Yr ARM	4.47%	0.27	4.53%	0.33	5.36%	0.63
3/1 Yr ARM	4.37%	0.20	4.51%	0.21	5.34%	0.39
5/1 Yr ARM	4.48%	0.24	4.60%	0.24	5.42%	0.34
7/1 Yr ARM	4.83%	0.26	4.98%	0.29	5.72%	0.43
10/1 Yr ARM	5.36%	0.27	5.54%	0.30	6.00%	0.34
For information on obtaining conforming and jumbo averages, click here

This average includes conforming and jumbo rates for “A” credit borrowers and include a wide range of LTV and discount structures. Click here for detailed explanations of the terms and data used above.

HSH National Interest Rate Benchmarks For Week Ending 03/05/2010
	This Month	Month Ago	Year Ago	Latest Trends
Loan Types	Average Rate	Average Rate	Average Rate	Click for Graph
New Auto Loans All Terms, FICO 700+	6.70%	6.63%	7.03%
Used Auto Loans All Terms, FICO 700+	7.38%	7.38%	7.55%
Home Equity Loans Fixed Rates, 80% CLTV	8.00%	7.90%	8.23%
Home Equity Lines Fully-Indexed, 80% CLTV	5.56%	5.48%	4.93%

Source: HSHAssociates.com, Pompton Plains NJ
1-800-UPDATES   Compile Date: 03/05/2010   ©2010 HSH Associates

Popularity: 1% [?]

February 26, 2010 — While the inventory-led “technical” economic recovery pushed the latest revision of the nation’s Gross Domestic Product to a robust 5.9% increase in the fourth quarter of 2009, more than a few signs this week pointed to a much more muted pace of growth.

Although it would be hard to find any group who might cheer on stumbling economic growth, would-be homebuyers and refinancers do benefit to some degree as a weak trajectory means continued low — and possibly falling — interest rates in the days ahead.

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These are the latest HSH National Interest Rate Benchmarks — produced from HSH’s weekly editorial survey of mortgage lenders across the US. Click here for more information. We have long-term statistical sets, too.

HSH National Interest Rate Benchmarks For Week Ending 02/26/2010
	This Week		Month Ago		Year Ago
Loan Types (click for graph)	Average Combined Rate	Average Points	Average Combined Rate	Average Points	Average Combined Rate	Average Points
30 Yr FRM	5.40%	0.28	5.42%	0.28	5.80%	0.34
15 Yr FRM	4.82%	0.24	4.82%	0.23	5.36%	0.31
1/1 Yr ARM	4.58%	0.30	4.55%	0.33	5.42%	0.55
3/1 Yr ARM	4.50%	0.20	4.45%	0.20	5.33%	0.35
5/1 Yr ARM	4.58%	0.24	4.59%	0.24	5.48%	0.31
7/1 Yr ARM	4.96%	0.25	4.99%	0.29	5.74%	0.44
10/1 Yr ARM	5.59%	0.26	5.44%	0.26	6.04%	0.33
For information on obtaining conforming and jumbo averages, click here

This average includes conforming and jumbo rates for “A” credit borrowers and include a wide range of LTV and discount structures. Click here for detailed explanations of the terms and data used above.

HSH National Interest Rate Benchmarks For Week Ending 02/26/2010
	This Month	Month Ago	Year Ago	Latest Trends
Loan Types	Average Rate	Average Rate	Average Rate	Click for Graph
New Auto Loans All Terms, FICO 700+	6.70%	6.63%	7.03%
Used Auto Loans All Terms, FICO 700+	7.38%	7.38%	7.55%
Home Equity Loans Fixed Rates, 80% CLTV	8.00%	7.90%	8.23%
Home Equity Lines Fully-Indexed, 80% CLTV	5.56%	5.48%	4.93%

Source: HSHAssociates.com, Pompton Plains NJ
1-800-UPDATES   Compile Date: 02/26/2010   ©2010 HSH Associates

Popularity: 1% [?]

February 19, 2010 — Amid signs of a still-firming economy, a technical move by the Federal Reserve caused a bit of ripple in markets this week, but potential borrowers should know that this has no direct effect on mortgage rates.

The overall average for 30-year fixed-rate mortgages tracked by HSH.com’s FRMI rose by five basis points (.05%), ending HSH.com’s survey week at 5.41%. The FRMI includes conforming, jumbo and the GSE’s “high-limit” conforming products in its calculation. The FRMI’s Hybrid 5/1 ARM counterpart moved a lone tick higher (.01%), during the latest survey cycle, landing at 4.58%. The all-important 30-year conforming fixed rate ticked just two basis points higher for the week.

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Popularity: 2% [?]

These are the latest HSH National Interest Rate Benchmarks — produced from HSH’s weekly editorial survey of mortgage lenders across the US. Click here for more information. We have long-term statistical sets, too.

HSH National Interest Rate Benchmarks For Week Ending 02/19/2010
	This Week		Month Ago		Year Ago
Loan Types (click for graph)	Average Combined Rate	Average Points	Average Combined Rate	Average Points	Average Combined Rate	Average Points
30 Yr FRM	5.41%	0.27	5.41%	0.26	5.82%	0.35
15 Yr FRM	4.80%	0.24	4.84%	0.24	5.38%	0.31
1/1 Yr ARM	4.56%	0.33	4.58%	0.38	5.34%	0.51
3/1 Yr ARM	4.43%	0.21	4.56%	0.20	5.37%	0.33
5/1 Yr ARM	4.58%	0.25	4.65%	0.22	5.51%	0.30
7/1 Yr ARM	4.92%	0.30	5.04%	0.28	5.85%	0.39
10/1 Yr ARM	5.50%	0.20	5.44%	0.27	6.21%	0.35
For information on obtaining conforming and jumbo averages, click here

This average includes conforming and jumbo rates for “A” credit borrowers and include a wide range of LTV and discount structures. Click here for detailed explanations of the terms and data used above.

HSH National Interest Rate Benchmarks For Week Ending 02/19/2010
	This Month	Month Ago	Year Ago	Latest Trends
Loan Types	Average Rate	Average Rate	Average Rate	Click for Graph
New Auto Loans All Terms, FICO 700+	6.70%	6.63%	7.03%
Used Auto Loans All Terms, FICO 700+	7.38%	7.38%	7.55%
Home Equity Loans Fixed Rates, 80% CLTV	8.00%	7.90%	8.23%
Home Equity Lines Fully-Indexed, 80% CLTV	5.56%	5.48%	4.93%

Source: HSHAssociates.com, Pompton Plains NJ
1-800-UPDATES   Compile Date: 02/19/2010   ©2010 HSH Associates

Popularity: 1% [?]