The Manufactured Housing Forums

Hi, The average 30-year FRM decreased by a basis point to close at 6.26%. Hybrid 5/1 ARMs closed at 6.03%. The turmoil in the sub prime market continues with increasing delinquencies and foreclosures. More stringent measures can help to contain the problem within this category of loans, without ther...

Hi, There were no changes in the average 30-year FRM and the 5/1 ARM rates since last week, which continued at 6.27% and 6.03% respectively. The rates for the former are the lowest recorded so far in 2007. With defaults in sub prime mortgages still continuing to escalate, certain stringent measures ...

Hi, A series of economic factors have succeeded in pushing down mortgage rates still further. The average 30-year FRM declined by six basis points to close at 6.27%. The average 5/1 ARM also declined to close at 6.03%. Movements of the Shanghai stock index and delinquencies in sub prime mortgages ha...

Hi, The average 30-year FRM and 5/1 ARM both declined by two basis points to close at 6.33% and 6.12% respectively. Though it was expected that inflation could be restrained within acceptable limits in the coming months, levels are still high and are not proceeding along predictable lines. If inflat...

Hi, After the unexpected fall in mortgage rates, there has been no change in the average 30-year FRMs, which closed at 6.35%. Average 5/1 ARMs, on the other hand, fell by four basis points to close at 6.14%. Progress in the housing sector has been rather uneven. Further growth will depend on depleti...

Mortgage rates changed course last week with average 30-year FRMs falling by as many as ten basis points to close at 6.35%, and average 5/1 ARMs slipping by six basis points, to close at 6.18%. This reversal in average mortgage rates cannot be taken as tangible indication of a downward trend. The ma...

Hi, Mortgage rates continue to rise steadily with the 30-year FRM increasing by seven basis points to close at 6.45% and 5/1 ARM increasing by five basis points to close at 6.24%. Though the economy is more buoyant, from all parameters it is apparent that inflation has not yet reached a point where ...

Hi, The year began with mortgage rates continuing to register a slight increase. The average for 30-year fixed rate mortgage increased by two basis points closing at 6.29% whereas the increase for hybrid 5/1 adjustable rate mortgage increased by nearly six basis points to register at 6.17%. Inflatio...

Hi, In spite of Federal Fund rates having remained steady in the latter part of 2006, the economy seems to hover between a soft landing and a recession, without taking a definite course. Mortgage rates for the same period showed considerable variations with the rates peaking in July before settling ...