After a spectacular run that drew 30-year fixed rates to near 4.00, mortgage rates have returned to their highest levels since late-June.
{ 0 comments }
From the category archives:
Weekly Review
In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week.
{ 0 comments }
The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago.
{ 0 comments }
Last week marked the first sizable mortgage rate increase over the course of 7 days since April.
{ 0 comments }
Huge gains and losses characterized day-to-day trading last week. Overall, however, conforming mortgage rates improved.
{ 0 comments }
All things considered, it’s dangerous to float a mortgage rate this week. If you’re not already locked, talk to your loan officer prior to Wednesday afternoon.
{ 0 comments }
The dollar was strong in the first part of last week, then weakened through Friday’s close with the G-20 meeting looming. Mortgage rates trended along similar lines.
{ 0 comments }
The United States is experiencing a Refi Boom. As compared to 6 months ago, a new, $200,000 home loan costs $124 less per month in principal + interest.
{ 0 comments }
This week, there’s a number of releases that should keep mortgage rates on the move — up and down — including Fed Minutes (Tuesday), Producer Price Index (Thursday), and Consumer Price Index, Retail Sales and a confidence survey (Friday).
{ 0 comments }
Mortgage rates are tough to pin down because, although the recession is over, everyday citizens aren’t spending like it is.
{ 0 comments }