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 Rates this Week: May 19, 2014
May 20, 2014 by Leave a Comment
What May Impact Mortgage Rates this Week: May 12, 2014
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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.
What May Impact Mortgage Rates this Week: April 21, 2014
April 21, 2014 by Leave a Comment
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
April 16, 2014 by Leave a Comment
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:
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