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Baltimore Mortgage Rates for April 28, 2010

30-Year Fixed Rate Mortgage

4.875% with 1 Point

5.125% with 0 Points

15-Year Fixed Rate Mortgage

4.250% with 1 Point

4.500% with 0 Points

* Rates shown assume a minimum credit score of 740 and a LTV of less than 70%. Adjustments may apply to lower credit scores or to higher LTVs.  Other adjustments may apply.  For informational use only.

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Baltimore mortgage rates continue to rise as the reality of a Fed pull-out from the mortgage-backed securities market sinks in.

Jobless claims also fell this week, in what may be a sign of an improving economy.

Baltimore mortgage rates for Friday, April 2, 2010 are as follows:

30-Year Fixed: 5.375% with 0 points

15-Year Fixed: 4.750% with 0 points

* Rates shown assume a minimum credit score of 740 and a LTV of less than 70%. Adjustments may apply to lower credit scores or to higher LTVs.

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Early morning volatility in the bond market yesterday forced lenders to increase Baltimore mortgage rates slightly at the open. Several lenders opted to delay the release of their rate sheets until the markets settled down.

Treasury yields and Mortgage-Backed Security prices then began to recover from their weakest levels which allowed lenders who released pricing early in the day to reprice for the better.

Overall, though, mortgage rates were a few basis points higher yesterday.

The Fed has pulled out of the Mortgage-Backed Securities market, putting additional upward pressure on mortgage rates.

Current Baltimore mortgage rates are as follows:

30-Year Fixed: 5.250% with 0 points

15-Year Fixed: 4.625% with 0 points

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* Rates shown assume a minimum credit score of 740 and a LTV of less than 70%. Adjustments may apply to lower credit scores or to higher LTVs.

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