RSS

Category Archives: Mortgage Rates

Should I Lock or Float? This Week- November 18, 2013

November_18th_2013_Mortgage_MarketThe Non-Farm Payroll numbers came in on the 8th of this month, well above expectations with 204K versus an estimate of 125K new jobs. In addition, revisions added 60,000 more jobs to the prior two month
releases and thus mortgage rates took a significant one-day beating – noted by the long red column shown on the far right of this graph. Prices are now almost back where they were before that report was announced.

For those of you shopping for a good mortgage rate, who did not lock at the time, may have just gotten your reprieve!

Read the rest of this entry »

Advertisements
 
Leave a comment

Posted by on November 18, 2013 in Mortgage Rates

 

Tags: , , , , , , ,

Should I Lock Or Float This Week : May 13, 2013

Whats Ahead For Mortgage Rates This Week May 13 2013Over the past 7 trading days, Mortgage rates were wounded with 2 of the largest one-day spikes in over 2 years. Rates rose last week with average rates a 30-year fixed rate mortgage rising from last week’s 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points.

We are in a definite “locking” bias at the moment. As I am publishing this blog, rates are still trending worse this Monday morning. Read the rest of this entry »

 
Leave a comment

Posted by on May 13, 2013 in Mortgage Rates

 

Tags: , , , , , , , ,

Should I Lock Or Float This Week : April 29, 2013

What's Ahead For Mortgage Rates This Week - April 29 2013Mortgage rates fell again last week and are again near record lows.

According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.

The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent.

Low mortgage rates are helping homeowners with refinancing and are boosting housing markets as more buyers can qualify for mortgage loans. Read the rest of this entry »

 
Leave a comment

Posted by on April 29, 2013 in Mortgage Rates

 

Tags: , , , , , , , ,

What Mortgage Rates Are Doing This Week :February 11th, 2013

Homebuilder Confidence ImprovesMortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in Sacramento and across the country.

We may see a reversal of this trend in the short-term because the stock market remains overbought and ready to retrace, the obvious question is when? With little economic news this week, there is no reason the stock market should improve or interest rates should change much. Until the stock market retreats, U.S. interest rates are not likely to decline much. Read the rest of this entry »

 
Leave a comment

Posted by on February 11, 2013 in Mortgage Rates

 

Tags: , , , , , , , , ,

What Mortgage Rates Are Doing This Week : Jan 28, 2013

Rates_rising_Jan_28th_2013At the opening this morning, we are experiencing our 3rd day in-a-row of rising rates. What’s up with that? Thankfully, at the moment, they are clawing their way back. Last week, Mortgage rates rose as investors gained confidence in the global economy. China and Europe posted better-than-expected manufacturing rates, U.S. Jobless Claims fell for the second straight week, and the worst of the European debt crisis appears to have passed.

A strengthening economy = Mortgage Rates will go up! Read the rest of this entry »

 
Leave a comment

Posted by on January 28, 2013 in Mortgage Rates

 

Tags: , , , , , , , , , ,

Should I Lock Or Float This Week : December 17, 2012

Todays_MBS_12-17-2012This so-called fiscal cliff is leaving mortgage rate shoppers shaking their heads? First, we are being told, if our congress allows us to fall over that cliff, it will equate to a monthly loss of $530, or more than $6000 per year, for many americans. If this were not enough to worry about, my clients shopping for homes, are also facing the uncertainty of what direction mortgage rates will move – Up? or Down? Last week, rates have started to creep up, and up. Read the rest of this entry »

 
Leave a comment

Posted by on December 17, 2012 in Mortgage Rates

 

Tags: , , , , , , , , ,

What Mortgage Rates Are Doing This Week: Shoud I Lock Or Float?

Freddie Mac 30-year fixed rate mortgage ratesMortgage-backed securities (MBS) improved a bit last week, and rates remain near all-time low’s, continuing this year’s Refinance Boom and giving fuel to the budding housing market recovery. Read the rest of this entry »

 
Leave a comment

Posted by on December 3, 2012 in Mortgage Rates

 

Tags: , , , , , , , , ,

 
%d bloggers like this: