The HSH Blog

Mortgage & Housing Market News from
January 28th, 2009

Rates Trending Upward, Refinancing Still An Option



According to Monday’s Market Trends Newsletter: “Conforming 30-year FRMs — which, by some measures, dipped below the 5% mark last week — rose to an average 5.34%, while 30-year FRM jumbos tracked just 11 basis points higher.”

Despite 30-year conforming rates easing upwards, and reports that mortgage applications are plunging, refinancing is still a viable option for many borrowers.

If you’re considering refinancing, be sure to read Luke Mullin’s article “Low Mortgage Rates: 7 Things You Need to Know to Refinance.”

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About the HSH Blog's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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