Mortgage News
Nov 07, 2018
Although the United States economy is booming, the housing market has been taking a hard hit as of late. The HPSI has been declining; as Fannie Mae reported even further decline in October. This is the lowest the Fannie Mae Home Purchase Sentiment Index (HPSI) has been in 4 months. ...
Nov 06, 2018
Mortgage rates have been steady after the 7-year high reached last week. Bond market was tight in range in the midst of the election. Bookmark this page for ...
Nov 02, 2018
Mortgage rates reach a new 7 year high this week. This has been a rough week for rates, including the strong jobs report data, reflecting a high amount of new jobs in October. Strong jobs data tends to work against mortgage rates and push them higher, which is just what we saw today. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 5.04% (+0.07%)• 15-year (FRM) rates at 4.52% (+0.06%)...
Nov 01, 2018
National housing affordability isn't just a concern of renters. The National Association of Realtors reported single family home prices increased in 98% of metro areas, 3rd quarter of this year. The national median home price has increased from $254,700, 3rd quarter 2017 to $266,90 in Q3 of this year; an increase of 4.8%. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.99% (+0.02%)...
Oct 29, 2018
As we begin the week of Halloween, mortgage rates stay at the recent lows of the prior week. In fact - rates did not move at all today. However, we did witness some volatility in the Stock Market and bond market. ...
Oct 26, 2018
Mortgage rates have dropped back down, to a new 2 week low. This happened in response to the huge losses in the stock market this week. Most times there is not a connection between the stock market and mortgage rates; however, bonds do have a correlation to mortgage rates. The socks fell so rapidly investors were looking for safer investments, i.e., the bond market. As bond demand increases, rates decrease. Bookmark this page for...
Oct 16, 2018
Mortgage rates were not flat today, but rates sure did not move much at all and in some lenders cases, not at all. However, the fact remains that rates in those cases did go up, which can happen ahead of Fed Minutes. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.96% (+0.01%)• 15-year (FRM) rates at 4.44% (+0.01%)• FHA 30-year Fixed rates at 4.50% (0.00%)• Jumbo 30-year F...
Oct 12, 2018
Freddie Mac reported mortgage rates have increased, on average, close to .25% over the last several weeks. As analysts are wary rates will drop back below 4%, we must remember that the current rates still remain at historic lows....
Oct 11, 2018
Mortgage rates have dropped to the lower levels we were seeing last week, specifically back down to some of the lower rates we saw on October 4th. The fast-pace drop in stock prices today, and yesterday, created the buzz that ultimately benefited mortgage rates as they dropped back down to last Thursdays lows. However, the rate market and Stock market generally do not have a direct correlation. Bookmark this page for mortgage...
Oct 09, 2018
Mortgage rates have recovered slightly from last week’s hikes. 30yr fixed was up 25% in just a little less than a week. Although small adjustments are coming in slowly, any major moves lower will need a significant reason to do so. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 5.00% (-0.02%)• 15-year (FRM) rates at 4.49% (-0.01%)• FHA 30-year Fixed rates at 4.60% (-0.02%)...
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