My apologies for being tardy on a post I typically do on Mondays… it’s been a busy week and well, my business (helping people with their mortgage needs to buy or refinance their homes) has to come before blogging.
What May Impact Mortgage Rates this Week: July 6, 2015
July 8, 2015 by 1 Comment
What May Impact Mortgage Rates this Week: June 29, 2015
June 29, 2015 by 1 Comment
Mortgage backed securities are enjoying bump today with Greece back in the headlines. As I’m writing this post (9:25 am pst) the Dow is down 229. This is a case where a bad news for the stock market = good news for mortgage rates.
Freddie Mac reports last week’s average mortgage rates unchanged
June 25, 2015 by Leave a Comment
The Freddie Mac PMMS reveals little change in mortgage interest rates over the last week with the 30 year mortgage rate averaging 4.02% with 0.7 points.
Freddie Mac reports mortgage rates at 2015 highs
June 11, 2015 by Leave a Comment
Freddie Mac’s Primary Mortgage Market Survey reveals just how dramatically mortgage rates have gone up over the last month. Freddie Mac reports that last week, the 30 year fixed conforming mortgage (loan amount $417,000 or lower) interest rate averaged 4.04% priced with 0.6 points. [Read more…]
What May Impact Mortgage Rates this Week: June 8, 2015
June 8, 2015 by Leave a Comment
Mortgage rates have been marching higher. This week we have very few economic indicators scheduled to be released. Mortgage rates may take their directions from stocks – often moving in the opposite direction. Right now, rates for a jumbo mortgage 30 year fixed are lower than conforming rates!
What May Impact Mortgage Rates this week: June 1, 2015
June 3, 2015 by 1 Comment
Here I am again, writing my “Monday rate post” on a Wednesday. This week has been busier than usual…I think part of that is spill over from the short week and more activity with home buyers. As this is the first week of June, we will have the Jobs Report on Friday which tends to impact the direction of mortgage rates.
What May Impact Mortgage Rates this Week: May 26, 2015
May 27, 2015 by 1 Comment
This is a short week, thanks to the Memorial Day weekend. Mortgage rates continue to be volatile following the Fed’s commentary that they may start hiking rates soon. Remember, the Fed does not directly control mortgage rates – the Fed does control the Fed funds rate. Mortgage rates react to the Fed’s actions as mortgage rates are based on bonds (mortgage backed securities) and are bought and sold, like stocks. Speaking of stocks, yesterday the Dow had it’s biggest loss in three weeks closing down 190 points.
What May Impact Mortgage Rates this Week: May 18, 2015
May 18, 2015 by 1 Comment
Mortgage rates have been seen more volatility over the last few weeks than what we’ve experienced in quite a while. Mortgage rates have been trying to trend higher.
Here are some of the economic indicators that are scheduled to be released this week:
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