Mortgage Newsflash : Mortgage Rates Rise 1/2 Percent In 10 Days; The Refi Boom Is Ending

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The End Of The 2010 Refi Boom

Since mid-April, mortgage rates have been falling, shedding more than a entire percentage point along the way. For homeowners carrying a 0,000 mortgage, the rate drop is equivalent to 0 in monthly savings. But, that’s all over now.

In this brief, 2-minute mortgage market summary, you’ll get a quick breakdown of what’s happening, and why.

Topic covered include:

• Why mortgage rates are higher by 1/2 percent since last week
• How the Fed’s 0 billion QE2 program ties into rising mortgage rates
• Which news “watchword” can be your clue for “mortgage rates won’t go lower”

Additionally, the video covers jumbo mortgages and why jumbo mortgage rates aren’t rising, too.

Finally! Let’s Get That Mortgage Application Started

If you wondering whether the time is right to refinance, consider this your confirmation. Yes, it’s time. Mortgage rates are rising and look poised to cross past 5 percent. To finally get started with your refinance, . We’ll get started on your rate quote immediately.

Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.