Mortgage News
Nov 27, 2013
What will mortgage rates do tomorrow? The mortgage market will be closed tomorrow for our Thanksgiving holiday. The market will be open half-day on Friday. Today, there were 4 economic reports released and the data did not vary significantly from forecasts. Interest rates are likely to resist change on Friday as well. 30-year (FRM) rates declined by .01% to 4.43%. The 52-week high is 4.85%.15-year (FRM) rates remained stable at 3.50%. The...
Nov 26, 2013
Will mortgage rates go down tomorrow? The mortgage market is predicted to improve with lower rates tomorrow, according to industry professionals voting on our live poll. However, it is difficult to be sure, as there is a wealth of economic data scheduled for release today and tomorrow before the holiday. Positive building permit data was challenged by a negative Consumer Confidence Report,...
Nov 25, 2013
Will mortgage rates go up tomorrow? Mortgage professionals predict moderately higher to stable rates tomorrow, according to our live poll. However, it is difficult to be sure, as there is a wealth of economic data scheduled for release tomorrow and Wednesday. The following reports will influence the direction of interest rates this Thanksgiving week: Consumer Confidence Index; Housing Sta...
Nov 22, 2013
What will interest rates do Monday? Market rates should resist change on Monday, according to mortgage professionals voting on our live poll. The market remained stable yesterday in response to economic data that matched expectations. Speculation of tapering is beginning to subside as industry experts believe Janet Yellen intends to postpone until we reach economic stability in 2014. There is n...
Nov 21, 2013
What will interest rates do tomorrow? The mortgage market will likely improve with a decline in interest rates tomorrow, according to mortgage professionals voting on our live poll. Economic data drove rates up significantly yesterday, but today the focus is on the Fed’s FOMC Minutes Report. Industry experts are confident that Janet Yellen’s initiative is to postpone tapering until w...
Nov 20, 2013
What will interest rates do tomorrow? Mortgage professionals believe market rates will remain stable tomorrow, according to our live poll. Today’s economic data did not provide a significant difference from predicted levels. Investors will turn their focus to tomorrow’s FOMC Minutes to look for insight on tapering off mortgage backed securities. However, industry experts are confiden...
Nov 19, 2013
What will interest rates do tomorrow? Market rates are predicted to decrease tomorrow, according to mortgage professionals voting on our live poll. Speculation of today’s data drove rates down yesterday and weaker-than-expected economic data is believed to continue Wednesday and Thursday. Industry experts predict volatility in rates this week and suggest keeping an eye on these following e...
Nov 18, 2013
What will interest rates do tomorrow? Market rates are predicted to rise tomorrow, according to mortgage professionals voting on our live poll. Tomorrow’s economic report will give insight as to the rate of inflation and rise in employee salaries nationwide. The results may shift the mortgage market in either direction, but keep in mind as inflation rises, interest rates are likely to comp...
Nov 15, 2013
What will interest rates do Monday? Industry professionals predict unchanged levels in market rates on Monday, according to our live poll. The mortgage market improved yesterday in response to Janet Yellen’s confirmation as Chair of the Fed. She has implied that she does not anticipate tapering off mortgage-backed securities, as she intends to keep interest rates at historic lows to stimu...
Nov 14, 2013
What will interest rates do tomorrow? Industry professionals are confident that the mortgage market will improve slightly, while holding mostly stable, according to our live poll. Janet Yellen will be voted in by senate today, confirming her seat as Chairman of the Federal Reserve. She is less favorable to Federal Tapering, implying interest rates may remain at historic lows longer than we have antic...
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