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.
What May Impact Mortgage Rates this Week: June 29, 2015
June 29, 2015 by 1 Comment
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 trending higher
May 7, 2015 by Leave a Comment
Freddie Mac released their weekly report on average mortgage rates for last week. From the PMMS Report:
The Fed says…. [LIVE POST]
April 29, 2015 by Leave a Comment
Today at around 11:00 am PST, the FOMC will wrap up their two day meeting and announce any changes to the Fed funds rate. Markets will react to the Fed statements regarding their views of our economy impacting their decisions on whether or not to raise the Fed funds rate. It is widely anticipated that there will be no change to the Fed funds rate today.
It’s not unusual to have the Fed meeting impact the direction of mortgage rates…so I thought I’d attempt a “live rate post” to illustrate how mortgage rates can change in a day. Mortgage rates have been trending higher this week. As of 7:52 am this morning, the 30 year fixed rate is higher by about 0.125% in rate or 0.752 in fee compared to what I quoted two days ago on Monday’s post.
What May Impact Mortgage Rates this Week: April 27, 2015
April 27, 2015 by 3 Comments
We don’t have any economic indicators scheduled to be released today. The rest of the week is packed with data that may influence the direction of mortgage interest rates, including the FOMC meeting that will be wrapping up on Wednesday. No change to the Fed funds rate is expected. Here’s what’s on deck with this week:
Mortgage interest rates still near historic lows
April 17, 2015 by 1 Comment
In a recent blog post, “Mortgage Rates: Still the Deal of the Century”, Freddie Mac shares this graphic illustrating just how low mortgage rates currently are. Obviously I thought this was too good not to share with my readers too.
What May Impact Mortgage Rates this Week: April 13, 2015
April 13, 2015 by 1 Comment
Mortgage rates have been bouncing in a fairly tight range. Although we don’t have any economic indicators scheduled to be released today, the rest of this week is packed:
Freddie Mac Mortgage Survey reports Mortgage Rates Lower
March 27, 2015 by Leave a Comment
Freddie Mac’s survey of what mortgage lenders reported for conforming rates last week revealed that mortgage interest rates trended lower. You can see based on the chart below that rates have been bouncing in a tight range, remaining below 4%.
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