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Tag Archives: Eurozone

Why Are Rates Getting Worse Today? (August 1 , 2012)

Putting the FOMC statement in plain EnglishAfter the The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged this morning, mortgage rates got worse. Why? The vote was nearly unanimous (9-1 vote).

In its press release, the Federal Reserve noted that the U.S. economy has “decelerated somewhat” since January. Beyond the next few quarters, though, the Fed expects growth to “remain moderate” and then gradually pick up. Remember, when there is bad news for the economy, rates improve. And when there is good to moderate news, rates get worse (see video explanation). Read the rest of this entry »

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Posted by on August 1, 2012 in Federal Reserve

 

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Big Day in The Treasury Market today. So Why Didn’t Rates Get Much Better?

Click on the Photo for Enlarged Version. Much easier to read!

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Posted by on June 2, 2012 in Mortgage Blog

 

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What Mortgage Rates Are Doing This Week of May 29, 2012

Jobs in focus this weekMortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated.

As of this Wednesday morning, Europe’s stock markets are getting hit hard on increasing lack of confidence in the region. Money continues to flow to safety, into US treasuries and German bunds. Also, China said today it won’t inject stimulus at the pace it did in 2008 and its economic growth is expected to decline 8%, also helping to drive our rates lower. Read the rest of this entry »

 
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Posted by on May 29, 2012 in Mortgage Rates

 

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What Mortgage Rates Are Doing This Week : May 7, 2012

Today's Rates May 7th, 2012 from Sacramentolener.com and dantheplanner.com

Click to Enlarge Photo

After two weeks of no change, mortgage markets improved last week, pushing mortgage rates lower throughout California. But, are we poised for a reversal? According to the trends, mortgage backed bonds are in a overbought position and ripe for a selloff – Based on the indicators, there’s more room for rates to rise than to fall. Read the rest of this entry »

 
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Posted by on May 7, 2012 in Mortgage Rates

 

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What Mortgage Rates Are Doing This Week : April 23, 2012

FOMC meets this weekMortgage markets were mostly unchanged last week, breaking a three-week winning streak. Wall Street grappled with surprising demand on Spain’s debt issuance and a series of weaker-than-expected data points on U.S. housing.

Conforming mortgage rates across California rose slightly according to the weekly Freddie Mac Primary Mortgage Market Survey. Read the rest of this entry »

 
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Posted by on April 23, 2012 in Mortgage Rates

 

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

Spain mortgage ratesIn a week of up-and-down trading, mortgage markets improved for the second consecutive week last week. Weaker-than-expected jobs data plus evidence of a slumping Eurozone took mortgage bonds lower, capped by a furious Friday morning rally that dropped mortgage rates to near-record levels.

Once again, volatility ruled the bond pits. Read the rest of this entry »

 
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Posted by on April 9, 2012 in Mortgage Rates

 

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What Mortgage Rates Are Doing This Week : April 2, 2012

Jobs growth can influence mortgage ratesMortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric.

Conforming mortgage rates in California dropped on the news, one week after posting a 5-month high.

A major strike in Spain and growing unrest in Italy, both in opposition to recent austerity measures, have re-ignited fears that the Eurozone may lapse into recession. Read the rest of this entry »

 
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Posted by on April 2, 2012 in Mortgage Rates

 

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