Dan the Mortgage Planner

Removes the curtain of secrecy on the mortgage world.

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

Posted on April 23, 2012 by Dan Tharp

Mortgage 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. Continue reading →

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

Posted on April 9, 2012 by Dan Tharp

In 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. Continue reading →

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

Posted on April 2, 2012 by Dan Tharp

Mortgage 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 →

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