It’s been a while since I’ve done a live post. I think today calls for a live post since the FOMC is meeting and it’s highly anticipated they will decide to increase rates. Mortgage rates have been steadily climbing since mid-November following the elections. There are several factors that are influencing the upward move in rates, including what appears to be a better economy along with signs of inflation. [Read more…]
Big Day with the Fed! [LIVE POST]
December 14, 2016 by Leave a Comment
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 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: 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:
Freddie Mac report reveals lowest mortgage rates of 2014
December 18, 2014 by Leave a Comment
Every week, Freddie Mac releases their Prime Mortgage Market Survey (PMMS) based on a survey a mix of 125 lenders on what committed mortgage rates and points were during the previous week. Based on Freddie Mac’s report, the average rate for a 30 year fixed rate mortgage averaged 3.80 percent with an average 0.6 points. This is down from last week when it averaged 3.93 percent. A year ago at this time, the 30-year averaged 4.47 percent.
What May Impact Mortgage Rates this Week: December 8, 2014
December 8, 2014 by 1 Comment
Mortgage rates trended higher on Friday following the much stronger than expected Jobs Report which even included positive revisions for the two previous months. Weak economic news coming from Europe and China are helping bonds (like mortgage backed securities) improve this morning. Mortgage rates continue to be around 18 month lows so this could be a good time to review your current mortgage to see if refinancing makes sense. You can start the new year off with a lower mortgage payment and more money in your pockets!
What May Impact Mortgage Rates this Week: December 9, 2013
December 9, 2013 by Leave a Comment
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 Interest Rates this Week: October 7, 2013
October 7, 2013 by 1 Comment
As the government shut down continues, Congress has the debt ceiling the contend with by October 17, 2013, or our country will lose the ability to borrow. It almost seems “subprime” to me that our country has to continue to increase the amount of funds we borrow because our country went out to dinner and two glasses of wine (as President Obama explained it in a speech last week). Mortgage rates continue to be at lower levels. Once the government is back to work and the debt ceiling issue is resolved, in my opinion, we may see mortgage rates pop up.
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