Mortgage News
Sep 10, 2018
Mortgage rates are the highest they have been in over a month, now. With the Consumer Price Index announcement this coming Thursday, we could see an even higher spike as higher inflation results in higher rates. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.72% (+0.01%)• 15-year (FRM) rates at 4.20% (+0.01%)• FHA 30-year Fixed rates at 4.40% (+0.01%)• Jumbo ...
Sep 07, 2018
Job Reports were released today and according to schedule, mortgage rates rose significantly which brought rates back to the highest level since August. The weakening Asia bond market could push rates higher over the weekend, making them slightly higher for Monday's opening. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.71% (+0.01%)• 15-year (FRM) rates at 4.19% (+0.01%)...
Sep 06, 2018
Mortgage rates have been increasing slowly, but steadily, which was a recipe for the highest rates we've seen in just about a month. Although today rates were just slightly lower ahead of the Jobs Report released at 8:30am ET tomorrow, we tend to see volatility around the market during/concluding the announcement. The small rally in bonds today could assist in easing the rates, but Loan Originators are still in favor of staying on the...
Aug 31, 2018
Jumbo Loans could be making a comeback. CoreLogic’s Insights Blog has provided some awareness around changing trends for a Jumbo Loan. Borrower costs are lower for a jumbo loan than conforming. Up until the 2007/2008 recession, conforming loans were less expensive. Although, Jumbo Loans tend to have comparatively higher credit standards as they are riskier to banks, so if you a...
Aug 28, 2018
Rates are right back up to the high of nearly 3 weeks ago, even higher than yesterday. This is the result of several happenings, including the outlook on the Fed's rate hike, and the Treasury issuance increasing to cover the tax bill. Loan originators are still in favor of locking new applications closing within 30 days. Bookmark this p...
Aug 24, 2018
Mortgage rates crept higher after today’s Jackson Hole Symposium delivery. Fed Chair, Jerome Powell didn't leave much to worry over as most of his comments were more rate-friendly. The Fed cited reasons for the recent rate hikes and the slow-down with bond buying that were not really concerning, yet more so conformation of the movement we have been seeing in the ...
Aug 23, 2018
Bonds were a noticeable highlight in the market today. Bond trading was calm - quite narrow on the trading charts. The market has not seen such a narrow bond trading day since 12/22/2017. What can we expect tomorrow? Durable Goods report is released at 8:30am, a market mover. On the bigger news front, we can expect to see headlines about the Fed's Jackson Hole ...
Aug 21, 2018
Tomorrow is the Fed Minutes release and mortgage rates remain, for the most part, unchanged. Don't plan on seeing much change in the way of Mortgage rates after the meeting minutes are released tomorrow through - there are no new policy's being announced, rate or bond changes...just a detailed account of the most recent Fed meeting, which was three weeks ago. Loan Originators are still favor locking in rates. Bookmark this page...
Aug 17, 2018
Based on the latest Fannie Mae research (FNM's monthly Economic Development paper came out this week) home building has declined; over 12%, the largest monthly decline since Nov. 2016 and effects both the single and multi-family housing market. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.64% (0.00%)• 15-year (FRM) rates at 4.14% (0.00%)• FHA 30-year Fixed rates...
Aug 14, 2018
Rates edged slightly higher today. The market prepares for Retail Sales Data being released tomorrow, Wednesday 15th, 2018. We could potentially see rates climb higher still. Originators are lock-biased. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.65% (+0.01%)• 15-year (FRM) rates at 4.15% (+0.01%)• FHA 30-year Fixed rates at 4.38% (+0.01%)• Jumbo 30-year Fixed rates at 4.39...
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