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Monthly Archives: January 2012

What Mortgage Rates Are Doing This Week : January 9, 2012

Retail Sales 2009-2011Mortgage markets improved last week, pushing mortgage rates in Northern California lower for the second straight week. Conforming fixed and adjustable-rate mortgage cut new, all-time lows, and FHA mortgage rates did the same.

In a holiday-shortened trading week, stronger-than-expected U.S. economic data and ongoing weakness within Europe drove investors into the U.S. mortgage-backed bond market. When demand for bonds is high, mortgage rates improve.

The Refi appetite continues. Read the rest of this entry »

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Posted by on January 9, 2012 in Mortgage Rates

 

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Housing And Mortgage : The Experts Make Their 2012 Predictions

What's next for housing in 2012As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time.

Some expect those trends to continue through the first quarter and beyond. Others expect a rapid reversal.

Who’s right and who’s wrong? Read the rest of this entry »

 
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Posted by on January 4, 2012 in The Economy

 

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What Mortgage Rates Are Doing This Week : January 3, 2012

Jobs report due FridayMortgage rates improved last week during a holiday-shortened trading week. The mortgage bond markets closed Monday for Christmas, and closed early Friday afternoon. Trading volume was light all week-long, which contributed to a year-end rally.

Mortgage bonds made their largest one-week gain in two months as conforming mortgage rates in California fell to new lows nationwide. Read the rest of this entry »

 
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Posted by on January 3, 2012 in Mortgage Rates

 

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