Acadia Mortgage, LLC

Volatility The Norm These Days

U.S. Bond and Stock markets continue to swing back and forth fighting for investor dollars and some clarity  as to the direction of inflation and the US economy. This week has been very busy with a great deal of economic data affecting both bonds and stocks leading to the volatility we have experienced. Bonds have been selling off leading to a gradual rise in interest rates.

Bucks County Pennsylvania Mortgage Interest Rates

Mortgage Interest Rates for the week of January 28th, 2008

The following rates and APR's are based on Conforming Loan Amounts and a Maximum Loan Amount of

$417,000 Jumbo Rates will be posted after 1:00 pm today

APR's are based on a loan amount of $250,000 with 20% Down and No Mortgage Insurance

30 yr Fixed has ranged from 5.5% to 5.625%   APR 5.528 to 5.649

7/1 ARM  5.125%  0 Points APR 5.085%

5/1 ARM  4.875% 0 Points APR 4.961%

3/1 ARM  4.625% 0 Points APR 4.839%

Mortgage Interest Rates

Action by the US Federal Reserve Bank helped push bond prices up and interest rates down today. 30 Yr Fixed rates now hover around 5.5% to 5.375% depending on credit score, purpose of loan, and loan to value will all affect the final interest rate.

Mortgage Credit Scores

Fannie Mae & Freddie Mac have recently announced parameters and implemented "risk based pricing" that will impact/affect the interest rate that a consumer will receive based on their credit score.

Consumers/borrowers wil only be affected when the loan they choose is sold to the agencies, FNMA & FHLMC. Typically 30 year fixed rates and a variety of ARM loans could fall into this category.