Mortgage News
Jul 10, 2014
Mortgage bonds are strong this morning thanks to European influence, and mortgage rates were lowered yesterday following the release of FOMC meeting minutes from June. The Federal Reserve's meeting minutes reinforced plans to continue taperering off the multibillion dollar bond buying program (Quantitative Easing) that has been keeping mortgage rates low. Given economic recovery persists, the Fed plans to cut $15B in bond buying at its...
Jul 09, 2014
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.The economic calendar is light with this week save for Thursday's Weekly Initial Jobless Claims. Today June FOMC meeting minutes will be released. On the Fed's plate? Wage growth gains are cause for inflation...
Jul 08, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.Today CoreLogic reported 47K completed foreclosures nationally in May, down from the 52K recorded in May 2013. About 660K homes in the US were in some stage of foreclosure in May, compared to 1 million in May 20...
Jul 07, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.Better than expected economic data along with a strong jobs report resulted in mortgage bonds sliding last week. Bonds are now working to stabilize. Mortgage rates increased. The economic calendar is...
Jul 02, 2014
What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.Mortgage Bonds started the day in more positive territory before yielding to ADP's report that private employers added 281K workers in June, a whopping 81K above the 200K expected. This is a jump from the 179K recor...
Jul 01, 2014
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.Home prices, including distressed sales, rose 8.8% year-over-year in May, according to CoreLogic. This is down about 1% from April. From April to May prices rose by 1.4%. CoreLogic predicts a 6% rise from May 2014 to ...
Jun 30, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.Mortgage bonds were in positive territory today but counter intuitively lost ground as Chicago PMI came back weaker than expected. Bonds have been steadily climbing back up ever since. For market mov...
Jun 30, 2014
What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.Mortgage bonds began the morning strong began fading midday. Earlier this week: The final Q1 GDP reading showed a weak -2.9 percent this morning, significantly lower than the -1.8 percent expected. T...
Jun 26, 2014
What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.Mortgage bonds rallied around mixed data this morning, and rates are down. Yesterday: The final Q1 GDP reading showed a weak -2.9 percent this morning, significantly lower than the -1.8 percent expected. ...
Jun 25, 2014
What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.The final Q1 GDP reading showed a weak -2.9 percent this morning, significantly lower than the -1.8 percent expected. This marks the worst reading since Q1 of 2009, often considered the peak of the recession....
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