The International Monetary Fund (IMF) has just reduced their forecast for the US GDP from 2.8% to 2.0% due to weaker than expected first half of the year. The bond market seems to be shrugging this off with a much stronger than expected report from the Empire State Index. Mortgage backed securities may also be getting support from increased tensions in the Ukraine. Remember, investors will often seek the safety of bonds over stocks when global issues are causing concerns.
What May Impact Mortgage Rates this Week: June 16, 2014
June 16, 2014 by Leave a Comment
What May Impact Mortgage Rates this Week: June 9, 2014
June 9, 2014 by 1 Comment
This week’s economic calendar appears to be on the lighter side.
- Thursday, June 12: Retail Sales and Initial Jobless Claims
- Friday, June 13: Producer Price Index (PPI) and Consumer Sentiment Index (UoM)
Mortgage rates are still at very low levels. [Read more…]
What May Impact Mortgage Rates this Week: June 2, 2014
June 3, 2014 by Leave a Comment
I am writing this post from the 2014 Flat Coat Retriever Specialty competition in Albany Oregon. This photo is from this morning’s sweepstakes for 6-9 month old puppies and I”m pleased to share with you that Hitch and I took 4th place out of 16 puppies. Not too bad for our first show (both rookies). This has nothing to do with mortgages but I’m so proud of my puppy, that I just had to share this with you.
Okay…back to mortgages and what may impact the direction of rates this week. No economic indicators were released today. Here’s what the rest of the week looks like:
What May Impact Mortgage Rates this Week: May 26, 2014 – Mortgage Rates trending lower
May 28, 2014 by 1 Comment
We begin this week with celebrating Memorial Day, to remember and thank our Veterans and their families for their sacrifices when serving our country.
Here are some of the economic indicators scheduled to be released this week:
What May Impact Rates this Week: May 19, 2014
May 20, 2014 by Leave a Comment
This week we have the following scheduled economic indicators that may impact mortgage interest rates:
- Wednesday, May 21: FOMC Minutes
- Thursday, May 22: Initial Jobless Claims and Existing Home Sales
- Friday, May 23: New Home Sales
What May Impact Mortgage Rates this Week: May 12, 2014
May 12, 2014 by Leave a Comment
I hope all you Moms had a wonderful Mother’s Day weekend. 🙂
On Friday, the DOW enjoyed a record high close at 16,583. Mortgage rates are based on mortgage backed securities (bonds) and often change throughout the day. Here’s what may impact the direction of mortgage interest rates this week:
What May Impact Mortgage Rates this Week: May 5, 2014
May 5, 2014 by 1 Comment
Happy Cinco de Mayo! This week’s calendar is very light, especially when you compare it to the amount of economic data that was released last week. It’s not just economic reports that may move mortgage rates. The stock markets or world events, such as what’s going on with Russia, may impact the direction of mortgage rates. Here are the economic indicators scheduled to be released this week:
What May Impact Mortgage Rates this Week: April 28, 2014 – Mortgage Rates are Lower!
April 28, 2014 by 1 Comment
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.
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