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 31, 2014
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What May Impact Mortgage Rates this Week: March 24, 2014
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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
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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
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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:
What may impact mortgage rates this week: March 3, 2014
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Mortgage rates are slightly improved this morning as the stock market is taking a bit of a hit. As I write this (8:45 am) the DOW is down about 200 points. It’s not unusual to see mortgage rates improve when the stock markets are selling off as investors will seek the safety of bonds. Mortgage rates are based on bonds (mortgage backed securities) and will often react opposite to the stock market.
What May Impact Mortgage Rates this Week: February 24, 2014
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Mortgage rates are based on mortgage backed securities (bonds) and 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 interest rates:
What May Impact Mortgage Rates this week: February 17, 2014
February 18, 2014 by Leave a Comment
I hope you have a nice Presidents Day Weekend. Our office was closed yesterday in observance of this holiday and I spent most of the weekend trying to get over a nasty cold. Let’s review what may impact mortgage rates for the remainder of this week. Here are some of the economic indicators scheduled to be released this short work week:
What May Impact Mortgage Rates this Week: February 10, 2014
February 10, 2014 by Leave a Comment
Mortgage rates are still at historically low levels. Mortgage rates are based on mortgage backed securities (bonds) and move much like the stock market does. In fact, rates often move in opposite direction of stocks as they are based on bonds and investors will seek the safety of bonds when the stock market is tanking… the reverse is also true.
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