This week’s calendar of economic indicators is very light compared to last week. Here’s what is scheduled to be released this week:
What May Impact Mortgage Rates this Week: December 9, 2013
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What May Impact Mortgage Rates this Week: December 2, 2013
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This week is packed with economic data that may impact mortgage the direction of mortgage interest rates including the Jobs Report on Friday. Here are some of the economic indicators scheduled to be released:
What May Impact Mortgage Rates this Week: November 25, 2013
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We have a very short week. The holidays are pretty much here! Our office will be closed to observe the Thanksgiving holiday on Thursday and Friday. Mortgage Master Service Corporation will reopen for business as usual on Monday, December 2, 2013.
What may impact mortgage rates this week: November 18, 2013
November 18, 2013 by Leave a Comment
Last week mortgage interest rates improved thanks to Janet Yellen indicating at her confirmation hearing that as our next Fed head, she will continue on with QE and support the Fed’s actions of buying mortgage backed securities to keep mortgage interest rates artificially low. This was sweet news to the markets and we’re still seeing lower mortgage rates this morning.
What May Move Mortgage Rates this Week: November 11, 2013
November 11, 2013 by Leave a Comment
On Friday, markets were surprised by the strong Jobs Report, adding 204,000 jobs vs the 100,000 expected. This caused mortgage rates to tick higher (although they are still at historically very low levels) catching borrowers who had not locked prior to Friday a bit of a surprise as well. Bond markets are closed today in observance of Veterans Day.
What May Impact Mortgage Rates this Week: November 4, 2013
November 4, 2013 by 1 Comment
Mortgage rates continue to be at very low levels. Although they’re not at the lows from May, Freddie Mac’s Mortgage Market Survey reports that mortgage rates have been trending lower for the last four months. If you missed the refi-boat a few months ago, this may be your second chance. You may want to contact a local licensed mortgage professional for an updated mortgage rate quote (if your home is located anywhere in Washington state, I’m happy to help you).
What May Impact Mortgage Interest Rates this Week: October 28, 2013
October 28, 2013 by 2 Comments
This week is packed with data that may drive mortgage rates higher or lower, including the Fed meeting which wraps up on Wednesday. It’s highly unlikely the Fed will make any changes to the Fed Funds Rate. Traders will be waiting for clues on when tapering may begin (it’s estimated will be pushed out to March 2014). Remember, mortgage interest rates are based on bonds (mortgage backed securities – MBS) and change throughout the day, just like stocks do. It’s not unusual to have bonds react opposite of the stock market as investors will often trade the safety of bonds for the potential return found with stocks (and the reverse is true).
What May Impact Mortgage Rates this Week: October 21, 2013
October 21, 2013 by Leave a Comment
Typically the Jobs Report falls on the first Friday of a month. With the government shutdown in full swing, the September Job’s Report was delayed and is now scheduled to be released tomorrow. Here are some economic indicators that are scheduled to be released this week:
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