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: March 3, 2014
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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
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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
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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.
What May Impact Mortgage Rates this Week: February 3, 2014
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Mortgage Master representing the 12th Man!
SEA – HAWKS!!! SEA – HAWKS!!! Yes, I’m still very excited and thrilled over our team’s incredible Super Bowl win. Although trouncing the Denver Bronco’s in the big game won’t impact mortgage interest rates, it certainly influences the mood here in Seattle and for all Seattle Seahawk fans. We did it!!
What May Impact Mortgage Rates this Week: January 27, 2014
January 27, 2014 by 2 Comments
What does this grainy picture of me and Coach Knox have to do with mortgage rates? Nothing… but this week has everything to do with the Seattle Seahawks as we count the minutes down to the Super Bowl!! This photo was taken in 1986 for a calendar back when I worked in a title unit at Chicago Title… I’m wearing Kenny Easley’s uniform and yes, that is really Chuck!
This week is packed full of economic indicators that my impact the direction of mortgage interest rates. Also, mortgage rates are based on bonds (mortgage backed securities) and when there is a sell off in the stock market, we tend to see mortgage rates improve. This is because investors will seek the safety of bonds over the volatility sometimes found with stocks. We’re seeing a bit of that now with mortgage rates trending lower.
What May Impact Mortgage Rates this Week: January 20, 2014
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Woooo whoooo SEAHAWKS!! Okay, I know that winning the NFC Championship against the 49er’s has nothing to do with mortgage interest rates… I just couldn’t help myself 🙂
This week’s economic calendar is very light. Markets, as well as our office, were closed yesterday to observe Martin Luther King Day.
What May Impact Mortgage Rates this Week: January 13, 2014
January 13, 2014 by 1 Comment
Mortgage rates are improved following Friday’s disappointing Jobs Report.
Mortgage rates are based on bonds (mortgage backed securities) which can react in reverse to stocks. If stocks are on a hot streak, you may see investors trade of safety of bonds for the potentially quicker return found in stocks (the reverse is also probable). Signs of inflation may also cause mortgage rates to trend higher.
Here are the economic indicators scheduled to be released this week (no indicators are scheduled for today):
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