Need Mortgage Help?
1-800-570-5626
Fast Mortgage Rate Quotes

Tag Archive | "mortgage rates"

Mortgage Rate Volatility and New Record Lows

Global unrest became the latest player to affect mortgage rates this week in what was already expected to be an especially volatile week given the S&P credit down grade of the United States a week ago. Riots in London and increased concern about the health of European markets brought yet another layer of doubt into […]

Read The Full Post »

Tags: , ,

Adjustable Rate Mortgage Terms

Many new home buyers are focused more on the affordability of their monthly payments today without enough focus on the future payments they may have to pay if their loan adjusts to a possibly higher rate sooner than expected. Sometimes borrowers will take a shorter term, adjustable rate term when a longer term adjustable rate […]

Read The Full Post »

Tags: , , ,

Mortgage Outlook: Week of August 8, 2011

Last week marked new yearly 2011 lows for mortgage rates as a debt ceiling agreement was reached early in the week. These low rates were sustained through out the week with a small uptick on Friday when the Non-Farm payrolls came in stronger than expected. Fast forward to today and the markets are being rocked […]

Read The Full Post »

Tags: , , ,

Mortgage Rates Set New Lows for 2011

Mortgage rates set new lows for 2011 yesterday, fresh off a week that saw more negative economic data released and the biggest Dow plunge since 2008, with a total loss of 512.76 points. The loss was fueled by ongoing concerns in the markets about US debt, ongoing weak economic data, the possibility of a second […]

Read The Full Post »

Tags:

Mortgage Outlook for Week of August 1, 2011

Mortgage rates were suppressed last week by jittery markets focused on the ongoing debt ceiling debate. While there is a talk of a debt ceiling resolution this morning, there are still concerns about the details of implementing such a solution and whether or not the damage has already been done to world confidence in the […]

Read The Full Post »

Tags: ,

Poor GDP and Consumer Sentiment Data Translates Into Low Mortgage Rates

U.S. Treasuries prices rose this morning (good for lower mortgage rates) as news the U.S. economy grew at an even slower pace in the first half of the year than was previously estimated, raised yet more fears the economy was at a real risk for recession. Gross domestic product, a measure of all goods and […]

Read The Full Post »

Tags: , ,

Mortgage Outlook for Week of July 25, 2011

Mortgage rates worsened this morning, led in part by “positive” data from the the National Association of Home Builders/Wells Fargo sentiment index. The index climbed to 15 this month from 13 in June, which was higher than forecast. While the index is still at very low levels, positive surprises such as this one carry more […]

Read The Full Post »

Tags: ,

Mortgage Rate Outlook for Week of July 18, 2011

Mortgage rates continued lower last week fueled by concerns regarding employment and statements made in the June Federal Open Market Committee (FOMC) minutes regarding market weakness. The consensus among the majority of the recently released market data and the FOMC minutes is that the overall recovery is still a work in progress and the levels […]

Read The Full Post »

Tags: , ,

Federal Reserve Minutes Indicate Higher Mortgage Rates Coming

The Federal Reserve released notes from the June 21-22 Federal Open Market Committee (FOMC) meeting on Tuesday, shedding light on the FOMC’s current observations of the market and how it will be adjusting its activities moving forward. This release of minutes is one of eight releases the Fed meets, following each of the eight Fed […]

Read The Full Post »

Tags: ,

Mortgage Rates Move Lower on Weak Jobs Data

The Bureau of Labor Statistics released unexptected  employment data this morning in the form of the “Jobs Report” resulting in a decrease in mortgage rates. Mortgage rates are senstiive to the jobs report because jobs are what provide the income that is spent to power the economy. The data released showed that Nonfarm payroll employment […]

Read The Full Post »

Tags: , ,

Mortgage Rates