Mortgage News
Mar 27, 2018
Although the recent mortgage rate ranges have been very narrow, today’s bond yields finally broke through the seemingly impenetrable 2.8% wall, and mortgages rates quickly dropped down to a 2-week low.Today’s most prevalent rates were, 30-Year Fixed @4.5%, FHA/VA @4.37%, 15-Year Fixed @3.875% and 5-Year ARMS @3.5%-3.75% based on the...
Mar 23, 2018
Bonds left little to the imagination earlier today as yields flip-flopped. During the overnight buying session, yields were pushed below 2.80%...
Mar 22, 2018
According to the FHFA's seasonally adjusted House Price Index (HPI), during January, home prices took a major leap with an .08% increase from December. The November 2017-December 2017 change was reported at .04%. ...
Mar 20, 2018
Although outright movement in the market was average today, we can't negate the fact that rates have risen to the highest levels in over a week, today. However, tomorrow that could all change. Wednesday, March 21st, the Federal Reserve will announce their newest policies and update their rate outlook in its once-per-quarter Fed Meeting. While Fed does not directly dictate mortgage rates; however, the Fed Fund Rate, which is dir...
Mar 15, 2018
Following the Mueller headlines, stocks fell to the day's lowest levels, failing to make it back to the 10/11AM levels.Today was not a big selling day in the Stock market.Mortgage rates are at their lowest levels in March and held steady today, against the political headlines regarding Robert Mueller's subpoena of members of the Trump Organization. Bonds and rates were pretty much unchanged. Book...
Mar 13, 2018
Following Rex Tillerson's departure from the White House, Mortgage rates are at the lowest Bond markets have an advantage when inflation falls, ...
Mar 05, 2018
After last week’s tariff-related news, stocks and interest rates fell - mostly due to fear from investors that the tariff announcement could cause more economic harm than good. Although, today's statements by congress spokespeople opposed the currently written Tariff plan - Stock prices and bond yields rose today in accordance to the concern. ...
Feb 23, 2018
Two days in a row, mortgage rates have dropped. Looking at the last 3 months of 2018, this is rare and has only happed a few times. With the rate fluctuations from one day to the next, it's difficult to say "today was a good day for rates" when that day is followed by the worst day in more than 4 consecutive years. Although there hasn't been enough improvement in rates to conclude we will be seeing recovery soon, ...
Feb 12, 2018
Mortgage rate are now at the highest they have been in 4 years, following the 10-year tresury bond, which is up again today, and set to move higher. Headding into the spring market, we are also seeing a record low supply of hoes for sale. 30-year fixed rate is around 4.5% with good scoring, still historically low. So, what would happen if rates hit 5%... only 6% of today's prospective home buyers said it would slow their home purchasing...
Jan 29, 2018
More trouble for Mortgage rates this week, as Friday marked another "highest in 9 months day". Rates have now surged to their highest in over 3 years and more sizable sell-offs today in the bond markets. Bookmark this page for mortgage rates:...
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