You could save 13% on your mortgage as compared to one year ago. [...]
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Mortgage markets worsened last week as domestic job growth surprised Wall Street and the Eurozone moved yet one more step closer to reaching a lasting Greece sovereign debt solution. [...] Conforming mortgage rates rallied from Wednesday through Friday’s close, ending the week near all-time lows set earlier this year. [...] The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the next. [...] According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate fell to 3.89% nationwide. This week, the Eurozone will determine whether rates rise or fall. [...] Mortgage markets improved last week, pushing mortgage rates lower for the second straight week. [...] Adjustable-rate mortgages are a relative bargain as compared to fixed-ones. [...] Mortgage markets improved last week during a holiday-shortened trading week. [...] Mortgage markets worsened last week on renewed optimism from the Eurozone, additional evidence of a U.S. economic recovery, and ongoing strength in housing. [...] Given global economic conditions and the mortgage bond market’s status as a “safe market”, the failure of rates to fall last week suggests that this may be as low as mortgage rates get. It’s time to look at locking in. [...] |
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