Wednesday.
FreddieMac.com shows the average rates for the past week.
The cheapest mortgage refinance rates that I found were 2.98 on a 5/1 adjusted rate mortgage. This price has actually dropped from last weeks rates. On a 30 year fixed rate, it was 4.52. This rate has dropped from last week also.
One can find the current Fannie Mae mortgage rates online at a website known as BankRate. This will break down the average rate in the periods of one week ago, one month ago and one year ago.
Many of the top mortgage companies change their interest rates almost daily. It is best to start with your local banks and get a feel for what the rates are that day or week. This will give you a idea as to what you are looking for. But remember if you are going to refinance make sure you get a fixed refinance rate. This will save you a lot of money down the road when all the rates start moving back up.
Mortgage interest rates are based on Mortgage Backed Securities (MBS) or bonds. If the bonds sell for a high then mortgage interest rates go down. If bonds sell low then mortgage interest rates go up. The answer is pretty simple to understand. Bonds are affected by many economic heartbeats that influence the demand for bonds. Each week the Fed releases various economic reports that affect bond movement. Foreign markets also can affect the bond market which in return will affect mortgage interest rates. For example, when the Euro Central Bank and Central Bank of New Zealand hiked up their version of the discount rate, many investors sold off their bonds looking for a higher rate of return in their investment. Japan and China hold a good amount of our bonds, so if they decided to sell them to diversify their portfolio that could really affect the bond market and affect mortgage interest rates in a negative way.
FreddieMac.com shows the average rates for the past week.
The cheapest mortgage refinance rates that I found were 2.98 on a 5/1 adjusted rate mortgage. This price has actually dropped from last weeks rates. On a 30 year fixed rate, it was 4.52. This rate has dropped from last week also.
Current 30 year mortgage rates are up to 5.08% as of April 1, 2010. The average 15 year mortgage interest rate increased to 4.39 percent, up from the previous week’s average interest rate of 4.39 percent.
we are going on a two week lock down
One can find the current Fannie Mae mortgage rates online at a website known as BankRate. This will break down the average rate in the periods of one week ago, one month ago and one year ago.
Many of the top mortgage companies change their interest rates almost daily. It is best to start with your local banks and get a feel for what the rates are that day or week. This will give you a idea as to what you are looking for. But remember if you are going to refinance make sure you get a fixed refinance rate. This will save you a lot of money down the road when all the rates start moving back up.
It isn't clear what data you have - the answer depends on that. If you have the weekly rate, divide that by the number of hours/week to get the hourly rate.
it would be $5.00 per week
Neither. In both cases the rate of change is zero!
Mortgage interest rates are based on Mortgage Backed Securities (MBS) or bonds. If the bonds sell for a high then mortgage interest rates go down. If bonds sell low then mortgage interest rates go up. The answer is pretty simple to understand. Bonds are affected by many economic heartbeats that influence the demand for bonds. Each week the Fed releases various economic reports that affect bond movement. Foreign markets also can affect the bond market which in return will affect mortgage interest rates. For example, when the Euro Central Bank and Central Bank of New Zealand hiked up their version of the discount rate, many investors sold off their bonds looking for a higher rate of return in their investment. Japan and China hold a good amount of our bonds, so if they decided to sell them to diversify their portfolio that could really affect the bond market and affect mortgage interest rates in a negative way.
No, they wouldn't.
The purpose of the question is unclear.Either you want the hourly rate, in which case "52 weeks" is irrelevant or you want an annual rate, in which case "30 hours per week" is irrelevant.The purpose of the question is unclear.Either you want the hourly rate, in which case "52 weeks" is irrelevant or you want an annual rate, in which case "30 hours per week" is irrelevant.The purpose of the question is unclear.Either you want the hourly rate, in which case "52 weeks" is irrelevant or you want an annual rate, in which case "30 hours per week" is irrelevant.The purpose of the question is unclear.Either you want the hourly rate, in which case "52 weeks" is irrelevant or you want an annual rate, in which case "30 hours per week" is irrelevant.