The DOW is getting hit hard again today. As I write this (10:16 am PST), the Dow is down 446! Bad news for the stock market equals good news for mortgage interest rates. Investors are seeking safety by pulling funds from stocks and investing in bonds, like mortgage backed securities.
Archives for January 2016
Freddie Mac Reports that Mortgage Rates continue to trend Lower
The Prime Mortgage Market Survey reports that last week, the 30 year fixed averaged 3.92 percent with an average 0.6 point. The week prior, the reported average was 3.97 percent. A drop in rate of 0.05%.
What May Impact Mortgage Rates this Week: January 11, 2016
This week’s economic calendar is on the lighter side. Here’s some of the scheduled economic indicators that may impact the direction of mortgage rates that are scheduled to be released this week:
DIY Penny Floor… the saga continues!
It’s been a while since I’ve updated you on our penny floor project. The good news is that we are almost done with gluing all the pennies!
Freddie Mac PMMS Reports Mortgage Rates Under 4
Freddie Mac’s Prime Mortgage Market Survey released today reports that mortgage rates for the 30 year fixed conforming averaged just below 4% last week. [Read more…]
What May Impact Mortgage Interest Rates this week: January 4, 2016
Welcome to my first post of 2016! I hope you and yours had a wonderful New Year holiday.
This week may not seem like there is a lot in store for economic indicators that influence the direction of mortgage rates…however, Friday features this years first Jobs Report.
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