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October 7th, 2009

Zero-Point Conforming Rate Falls to 5.09%

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At the close of business today, the average conforming 30-year fixed-rate mortgage with no points came in at an average 5.09%, among the lowest average rates seen in 2009.

“These low -upfront cost loans are crucial to getting more refinancers into the market,” said Keith Gumbinger. “It also allows potential homebuyers to preserve cash for a larger downpayment.”

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5 Responses to “Zero-Point Conforming Rate Falls to 5.09%”

  1. Brian Amentt Says: October 7th, 2009 at 7:31 pm

    Tim Manni’s insight into the nation’s current financial climate is without question unparalleled, and frankly underappreciated. We are all in his debt.

    If this message reaches Tim’s superiors, please know that I feel a raise is well deserved.

    Thank you Tim!

    Sincerely,

    Brian Amentt
    Champaign, IL

  2. Visionary Realty News » Mortgage rates are falling: Th… Says: October 7th, 2009 at 8:04 pm

    [...] rates are falling: The 30-year FRM, with zero points, is hovering just above 5%… http://blog.hsh.com/?p=6209 … it’s refi time! (No Ratings Yet)  Loading … SHARETHIS.addEntry({ title: [...]

  3. VisionaryAgents (Carlo Capomazza) Says: October 7th, 2009 at 11:54 pm

    Mortgage rates are falling: The 30-year FRM, with zero points, is hovering just above 5%… http://blog.hsh.com/?p=6209 … it’s refi time!

  4. sage_cupo (Sheri Iannetta Cupo) Says: October 8th, 2009 at 12:45 am

    RT @HSHassociates: Mortgage rates are falling: The 30-year FRM, with zero points, is hovering just above 5%… http://blog.hsh.com/?p=6209

  5. Tim Manni Says: October 8th, 2009 at 9:39 am

    Hey Brian,

    Your kind words are very appreciated, thank you! Besides myself, there is a team of individuals who aid in the work we do here at blog.hsh.com and http://www.HSH.com.

    We’re truly happy that you’ve been reading the blog and are appreciative of the insight we provide.

    Hope to hear from you again soon!

    Thanks,
    Tim

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About the HSH Blog

HSH.com'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 HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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