The Mortgage Porter

What May Impact Mortgage Rates this Week: January 13, 2014

January 13, 2014 by Rhonda Porter 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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Filed Under: Economy, Interest Rates

History of Mortgage Rates [Graph]

January 7, 2014 by Rhonda Porter Leave a Comment

I began in the title industry in 1986 and then moved to my mortgage career in 2000. Thanks for creating this graph, Zillow, illustrating that rates truly are and have been at historic lows. During 2014, I expect we’ll see mortgage rates trend higher although still remain “historically low”…just not a the levels many have became accustomed to.

Filed Under: Interest Rates

What May Impact Mortgage Rates this Week: January 6, 2014

January 6, 2014 by Rhonda Porter 1 Comment

This week we’ ll be watching for the minutes from the last FOMC meeting and the Jobs Report as they may impact the direction of mortgage interest rates. It’s anticipated that employers added 197k jobs in December. Here are the economic indicators scheduled to be released this week:

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Filed Under: Economy, Interest Rates Tagged With: economy, fomc minutes, jobs report

Happy 2014

January 2, 2014 by Rhonda Porter Leave a Comment

Earlier this week I met with my team at Mortgage Master to review goals for this year. This past year at the company has been great. I added a Loan Officer Assistant, Crystal and our main office moved to a beautiful new office in a more central location. Mortgage Master has also added to their management team, which has been beneficial by providing extra support to our mortgage originators. I’ve added additional tools to what I offer clients as well and I’m eager to start better implementing them into our services. I am constantly reviewing and trying new programs with the goal of helping clients have better tools and information to help make informed decisions for their mortgage needs.

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Filed Under: Mortgage Tagged With: 2014

What May Impact Mortgage Rates this Week: December 30, 2013

December 30, 2013 by Rhonda Porter Leave a Comment

Welcome to the last mortgage rate update for 2013! This is another short holiday week. December’s Job’s Report will not be released until next Friday, January 10, 2014.