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Market Trends Each business day, an insight into mortgage rates and how economic and geo-political events will have an effect on mortgage rates.
Click for Conforming Rates	Click for Jumbo Rates

Each business day, an insight into mortgage rates and how economic and geo-political events will have an effect on mortgage rates.

Today's Market Commentary

Quiet Week ahead of Holidays....
December 19 11:49 AM EST

The next two weeks will likely see some swings in mortgage rates that have no direct relation to actual market conditions as investors buy and sell bonds in order to make all their balance sheets look pretty.

If you are looking to lock in a rate in the next ten days, there will be good mortgage rate days and bad mortgage rate days, so stay in contact with your mortgage professional every day to make sure you do not miss anything.

....read the whole story

Rate Trends

Freddie Mac National Weekly Rate Survey for surveys of all areas of the country visit Freddie Mac
12/1	30 yr	15 yr	5/1 ARM
Average Rate	6.26%	5.81%	5.76%
Ave Fees and Points Paid	0.6	0.6	0.8

A peek into where rates are compared to 2 weeks, 3 months and 1 year ago.

Fixed Rate Trends

2 Week Trend	3 Month Trend	1 Year Trend
Approx the same as 2 weeks ago	Approx 3/8% higher than 3 months ago	Approximately 1/4% higher than 1 year ago

These Graphs track the rates at DailyInterest for the last two weeks and the last 3 months for a 30 year fixed rate mortgage.

These are the rates that correspond with the national averages, paying approximately the average fees and points paid by the average borrower according to the nationwide surveys.

The weekly rates on the 3 month rates are those rates issued on Friday of each week.

LONG-TERM MORTGAGE RATES FLAT THIS WEEK
Adjustable Rates Continue To Rise, But Only Slightly
December 1, 2005

McLean, VA ?Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market SurveySM (PMMSSM)in which the 30-year fixed-rate mortgage (FRM) averaged 6.26 percent, with an average 0.5 point, for the week ending December 1, 2005, down slightly from last week's average of 6.28 percent. Last year at this time, the 30-year FRM averaged 5.81 percent.

The average for the 15-year FRM this week is 5.81 percent, with an average 0.5 point, unchanged from last week when it also averaged 5.81 percent. A year ago, the 15-year FRM averaged 5.23 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.76 percent this week, with an average 0.6 point, up very slightly from last week when it averaged 5.75 percent. There is no annual historical information for last year since Freddie Mac only began tracking this mortgage rate at the start of this year.

Read the entire article on this week's rate trends at the Freddie Mac website here

Other Sources of Information

The Federal Reserve
FOMC - the home page for the Board of Governors of the Federal Reserve
also known as the FOMC or Federal Open Market Committee

Schedule of Fed Meetings
The FOMC holds eight regularly scheduled meetings during the year, and other meetings as needed.
Meetings for 2005 will be held on:

~~Feb 1 and 2~~	~~March 22~~	~~May 3~~	~~June 29 and 30~~
~~August 9~~	~~September 20~~	~~November 1~~	December 13

November 1 Meeting

Fed hikes rates for 12th time, signals more in the offing The Federal Open Market Committee votes unanimously to raise the federal funds rate by a quarter percentage point to 4.0%, leaving rates at the highest level since June 2001.

CNN Money Bond Center
This site contains up to the minute information on the markets that affect your mortgage rate and more useful articles.

CBS MarketWatch Economy & Politics
This is the page that contains many great articles concerning economic events that may affect the rate you will pay on your mortgage

CBS MarketWatch Mortgage Center
The mortgage center at CBS Marketwatch contains information and articles on mortgages and real estate happenings. A useful section when you are either looking into buying a home or fixing it up.