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! Continue reading “What Mortgage Rates Are Doing This Week : Jan 28, 2013”

The Treasury Market is Getting Better Today. So Why Aren’t Mortgage Rates Getting Better Too?

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

With last Friday mornings report, the Bureau of Labor Statistics released its Non-Farm Payrolls report. More commonly called “the jobs report”. Depending on the strength — or weakness — of the data, mortgage rates will change. As expected, the numbers were not as good as we hoped for and money started to flow into the “safe haven” of mortgage bonds. Continue reading “The Treasury Market is Getting Better Today. So Why Aren’t Mortgage Rates Getting Better Too?”

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

Today's Rates May 7th, 2012 from Sacramentolener.com and dantheplanner.com
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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. Continue reading “What Mortgage Rates Are Doing This Week : May 7, 2012”

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. Continue reading “What Mortgage Rates Are Doing This Week : April 2, 2012”

What Mortgage Rates Are Doing This Week : March 5, 2012

Net Non-Farm Payrolls (2010-2012)Mortgage markets worsened last week as the U.S. economy continued to show that it’s in recovery, and as Federal Reserve Chairman Ben Bernanke publicly hinted at the same.

In a congressional testimony Wednesday, Chairman Bernanke suggested that new, Fed-led stimulus may not be imminent, surprising Wall Street analysts and market traders who, for months, have expected a third round of quantitative easing from the Fed. Continue reading “What Mortgage Rates Are Doing This Week : March 5, 2012”

What Mortgage Rates Are Doing This Week : January 30, 2012

Net New Jobs, 2010-2011I can’t believe I am posting this – once again rates dropped last week, setting near all-time lows set earlier this year.

Mortgage markets improved last week as news from the Federal Reserve, the U.S. economy, and Europe combined to spur new demand for mortgage-backed bonds. Continue reading “What Mortgage Rates Are Doing This Week : January 30, 2012”