This week is jam packed with data that may impact the direction of mortgage interest rates. Mortgage rates are based on bonds (mortgage backed securities) and are traded similar to stocks. Often times, mortgage rates will improve when we see the stock market taking a hit or rise when the stock market is rallying. This is because investors will trade the safety of bonds for the greater returns potentially found with stocks. The reverse is also true.
What May Impact Mortgage Rates this Week: April 28, 2014 – Mortgage Rates are Lower!
April 28, 2014 by 1 Comment
What May Impact Mortgage Rates this Week: April 21, 2014
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This week’s economic calendar appears to be a little on the light side. There are no economic indicators due today. Here are the economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this Week: April 14, 2014
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My apologies for the late posting… we decided to have a long weekend and so I took Monday off. Here are some of the economic indicators scheduled to be released this week which may impact the direction of mortgage interest rates:
What May Impact Mortgage Rates this Week: April 7, 2014
April 7, 2014 by Leave a Comment
This week’s calendar may seem on the lighter side with regards to economic indicators scheduled to be released. There are no economic indicator scheduled to be released this week. On Wednesday, the FOMC Minutes are scheduled to be released and this probably has the potential to influence the direction of mortgage interest rates. Remember, mortgage rates are based on bonds (mortgage backed securities) and often move in the opposite direction of stocks.
What may impact mortgage rates this week: March 31, 2014
March 31, 2014 by Leave a Comment
Mortgage interest rates bounced around last week more than they have in a while. This week could prove to be turbulent with the Jobs Report being released on Friday. Remember, mortgage rates are based on bonds (mortgage backed securities) and they often move the opposite direction of stocks. This is because traders tend to seek the safety of bonds when the stock market is being hit. The reverse is also true. We may also see mortgage rates trend higher when data reveals signs of inflation. Here are some of the economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this Week: March 24, 2014
March 24, 2014 by Leave a Comment
Mortgage rates are based on bonds (mortgage backed securities) and often fluctuate throughout the day depending on activity in the markets. Often times when the stock market is taking a hit, we’ll see mortgage rates improve as investors will trade seek the safety of bonds. World events, like what is taking place in Crimea, may impact mortgage rates, as will the Fed’s bond buying program and economic data that is scheduled to be released. Here are some of the economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this Week: March 17, 2014
March 17, 2014 by Leave a Comment
Happy Saint Patrick’s Day! Here are some of the scheduled economic indicators which may impact mortgage rates being in the green this week:
What May Impact Mortgage Rates this Week: March 10, 2014
March 11, 2014 by Leave a Comment
Last Friday, the Jobs Report came in stronger than expected causing mortgage rates to tick slightly higher (although they’re still historically low). Mortgage rates are based on mortgage backed securities (bonds) and may change constantly throughout the day. Here are some of the economic indicators scheduled to be released this week, which may impact the direction of mortgage rates:
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