This week began with a holiday, Martin Luther King Jr. Day. The volatility in the markets continue this short week. At one point today, the Dow was down 566 points and ended up closing down 249 points. Global stocks dropped overnight with fears over China’s economy and oil prices at very low levels. All this turmoil translates to lower mortgage interest rates, as traders seek the safety of bonds, like mortgage interest rates.
What May Impact Mortgage Rates this week: January 18, 2016
January 20, 2016 by Leave a Comment
Mortgage Rates drop to lowest of 2016
January 15, 2016 by Leave a Comment
The DOW is getting hit hard again today. As I write this (10:16 am PST), the Dow is down 446! Bad news for the stock market equals good news for mortgage interest rates. Investors are seeking safety by pulling funds from stocks and investing in bonds, like mortgage backed securities.
Freddie Mac Reports that Mortgage Rates continue to trend Lower
January 14, 2016 by 1 Comment
The Prime Mortgage Market Survey reports that last week, the 30 year fixed averaged 3.92 percent with an average 0.6 point. The week prior, the reported average was 3.97 percent. A drop in rate of 0.05%.
What May Impact Mortgage Rates this Week: January 11, 2016
January 11, 2016 by Leave a Comment
This week’s economic calendar is on the lighter side. Here’s some of the scheduled economic indicators that may impact the direction of mortgage rates that are scheduled to be released this week:
Freddie Mac PMMS Reports Mortgage Rates Under 4
January 7, 2016 by Leave a Comment
Freddie Mac’s Prime Mortgage Market Survey released today reports that mortgage rates for the 30 year fixed conforming averaged just below 4% last week. [Read more…]
What May Impact Mortgage Interest Rates this week: January 4, 2016
January 4, 2016 by Leave a Comment
Welcome to my first post of 2016! I hope you and yours had a wonderful New Year holiday.
This week may not seem like there is a lot in store for economic indicators that influence the direction of mortgage rates…however, Friday features this years first Jobs Report.
What May Impact Mortgage Rates this week: December 28, 2015
December 28, 2015 by Leave a Comment
Happy last week of 2015! I hope you are having a wonderful holiday. I feel so fortunate that my son was able to come back for his first visit back home for a quick visit.
With New Years on Friday, we will have another short week with markets closing early on Thursday and re-opening on Monday.
What May Impact Rates this week: December 21, 2015
December 22, 2015 by Leave a Comment
This is a short week with the Christmas holiday rapidly approaching. With many traders being on vacation for the holidays, we will most likely see additional volatility through the end of this year. Next week will be a short holiday week as well.
Here are some of the economic indicators scheduled to be released this week that may impact the direction of mortgage interest rates:
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