Mortgage News
Jun 11, 2018
Over the past 3 weeks the bond market has survived the political controversy in Italy, but also created much of the volatility. With the Fed Chair, Jerome Powell’s, announcement on Wednesday will possibly add to the volatility in the market. Loan Originators suggest mortgage rates will increase slightly this week, and borrowers should take action, locking in rates ASAP. ...
Jun 08, 2018
With the steady incline in mortgage rates, to see today's rates fatten out is a positive move in the right direction. Although we are not seeing the outrageous extremes that we saw back in April and May, still Loan Originators suggest remaining heavily-biased toward locking as opposed to floating....
Jun 04, 2018
Mortgage rate continue to soar. Continuing from last Wednesday’s trend, when rates hit their highest levels in a month. ...
May 21, 2018
Along with other trends in this millennial economy, “gigging” is also being considered a income source in the lending market. Many millennials despise the idea of a 9-5, mundane career and instead are taking more and more “gig’s” instead. “Gig-economy workers tend to have flexible work arrangements, working on single projects or tasks preforming on-demand services such as transportation (Uber, Lyft) lodging...
May 17, 2018
May 15th reported a new 7-year high for Mortgage rates.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.79% (+0.01%)
• 15-year (FRM) rates at 4.22% (+0.02%)
• FHA 30-year Fixed rates at 4.50% (0.00%)
• Jumbo 30-year Fixed rates at 4.81% (+0.01%)
• 5/1 ARM rates at 4.00% (0.00%)
May 14, 2018
Rates today have been sideways to somewhat higher with bonds deteriorating. The declide in bonds, since Friday, has progressed slow enough to where most lenders did not have to put out another rate sheet today. Bookmark this page for mortgage rates: ...
May 07, 2018
On Wednesday, April 25th after mortgage rates hit their highest levels in over four years, rates have been consistently sideways for the last couple weeks. Depending on weather we see both Treasuries and MBS push to higher levels will dictate the next major rate movement. Loan Originators suggest locking in a current levels. &nbs...
Apr 27, 2018
The Quarterly US Census Report for Rental and Homeowner Vacancy Rates from 1995-2018 shows unchanged for the 1st quarter of 2018. Bookmark this page for mortgage rates: ...
Apr 25, 2018
Mortgage rates are continuing to move up and analysts are suggesting rates still have not reached their ceiling. Today has been another tough day as mortgage rates continue moving up into a new 4-year highs. Loan Officer’s suggesting locking now based on the slipperiness of the bond market as evidence the rates have not yet peaked. ...
Apr 23, 2018
Last week in rate news, all the major surveys claimed Mortgage Rates were at a 4-year high butdidn't take into account what where some of the worst individual days in February Today rates are now at a 4-year high. Very well qualified borrowers are being quoted extremely high downs, nearing 5%, on 30-year fixed conventional mortgages today. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 4.61%...
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Lisa Stepp
RBS Citizens
Clifton Park, NY
