HSH Market Trends

August 13, 2010 — It goes without saying that the deceleration in economic activity has become more pronounced in recent months. At the close of its meeting on Tuesday, the Federal Reserve acknowledged as much, and got itself back in the “quantitative easing” game but in a different way than before.

The Federal Reserve undertook steps to help long-term interest rates to be more stable and lower than they would otherwise have been when they initiated programs to purchase both MBS and Treasury obligations in 2008, 2009 and 2010. Those programs came to a close at varying intervals over the past year and generally had the desired effect on rates and credit availability.

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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 08/13/2010
	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	4.79%	0.28	4.98%	0.23	5.63%	0.30
15 Yr FRM	4.26%	0.25	4.46%	0.22	5.06%	0.26
1/1 Yr ARM	3.80%	0.29	4.03%	0.15	4.72%	0.38
3/1 Yr ARM	3.74%	0.18	3.95%	0.16	4.78%	0.22
5/1 Yr ARM	3.77%	0.22	3.98%	0.19	4.91%	0.28
7/1 Yr ARM	4.07%	0.25	4.30%	0.23	5.23%	0.29
10/1 Yr ARM	4.65%	0.25	4.84%	0.23	5.77%	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 08/13/2010
	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+	6.31%	6.47%	6.81%
Used Auto Loans All Terms, FICO 700+	6.95%	7.11%	7.39%
Home Equity Loans Fixed Rates, 80% CLTV	7.50%	7.58%	8.23%
Home Equity Lines Fully-Indexed, 80% CLTV	5.37%	5.45%	5.39%

Source: HSHAssociates.com, Pompton Plains NJ
1-800-UPDATES   Compile Date: 08/13/2010   ©2010 HSH Associates

Popularity: 1% [?]

August 6, 2010 — The first week of the month has rolled around again, and although it’s a brand-new month it seems we have the same old economic story we’ve had for the past few: Slow growth, no jobs and low mortgage rates.

From the depths of a pretty significant recession, the economy recovered to run at a 5% rate during the last quarter of last year, but has lost considerable momentum since then. Prospects are not improving for a speedy return to quicker growth, but that is serving to keep mortgage rates at fantastic levels.

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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 08/06/2010
	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	4.87%	0.24	5.00%	0.22	5.73%	0.34
15 Yr FRM	4.34%	0.20	4.48%	0.20	5.15%	0.31
1/1 Yr ARM	3.85%	0.17	4.05%	0.16	4.79%	0.48
3/1 Yr ARM	3.81%	0.18	4.00%	0.17	4.88%	0.25
5/1 Yr ARM	3.85%	0.21	4.03%	0.19	5.04%	0.29
7/1 Yr ARM	4.14%	0.27	4.32%	0.25	5.40%	0.28
10/1 Yr ARM	4.75%	0.26	4.91%	0.28	5.89%	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 08/06/2010
	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+	6.31%	6.47%	6.81%
Used Auto Loans All Terms, FICO 700+	6.95%	7.11%	7.39%
Home Equity Loans Fixed Rates, 80% CLTV	7.50%	7.58%	8.23%
Home Equity Lines Fully-Indexed, 80% CLTV	5.37%	5.45%	5.39%

Source: HSHAssociates.com, Pompton Plains NJ
1-800-UPDATES   Compile Date: 08/06/2010   ©2010 HSH Associates

Popularity: 1% [?]

July 30, 2010 — With the deceleration in the economy now quantified, mortgage rates stopped falling this week. As prospects for a speedy recovery begin to fade, and inflation pressures bleed from the system, interest rates are less likely to find reasons to rise anytime soon.

Each week for some 30 years, HSH has produced an overall mortgage monitor — our our Fixed-Rate Mortgage Indicator (FRMI). The FRMI includes rates for conforming, jumbo, and most recently the GSE’s “high-limit” conforming products and so covers much of the mortgage-borrowing public. This week, the FRMI remained in record-low territory even though it lifted by two basis points (.02%) to 4.92%. For borrowers for whom a long-term fixed-rate mortgage doesn’t fit the bill, the next-most popular choice is the hybrid 5/1 ARM, which finished the survey week at 3.92%.

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Popularity: 1% [?]

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 07/30/2010
	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	4.92%	0.24	5.00%	0.23	5.72%	0.29
15 Yr FRM	4.40%	0.22	4.47%	0.21	5.18%	0.27
1/1 Yr ARM	3.89%	0.14	3.95%	0.17	4.81%	0.37
3/1 Yr ARM	4.05%	0.15	3.99%	0.14	4.97%	0.22
5/1 Yr ARM	3.92%	0.21	4.02%	0.20	5.10%	0.26
7/1 Yr ARM	4.24%	0.26	4.31%	0.25	5.51%	0.26
10/1 Yr ARM	4.82%	0.28	4.88%	0.27	6.00%	0.31
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 07/30/2010
	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+	6.47%	6.46%	6.79%
Used Auto Loans All Terms, FICO 700+	7.11%	7.13%	7.39%
Home Equity Loans Fixed Rates, 80% CLTV	7.58%	7.68%	8.29%
Home Equity Lines Fully-Indexed, 80% CLTV	5.45%	5.48%	5.33%

Source: HSHAssociates.com, Pompton Plains NJ
1-800-UPDATES   Compile Date: 07/30/2010   ©2010 HSH Associates

Popularity: 1% [?]