Archive for the ‘Weekly Review’ Category
Wall Street continued its flight-to-quality last week. Mortgage-backed bonds are now at their best levels since early-February. Mortgage rates have improved 4 straight weeks.
Tags: Japan, Middle East, Mortgage Rates
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According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.
Tags: Housing, inflation, Mortgage Rates
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Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall.
Tags: Egypt, Jobs, Mortgage Rates
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Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.
Tags: FOMC, Mortgage Rates, Unemployment
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Mortgage markets worsened last week on a turn-around in sentiment across the Eurozone. The sort of “safe haven” buying that had buoyed mortgage bonds since the New Year dissipated, and mortgage rates resumed climbing.
Tags: Mortgage Rates, Portugal, Spain
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Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. This week, it’s back to normal.
Tags: Ben Bernanke, Jobs, Mortgage Rates
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Mortgage markets worsened again last week as belief in a U.S. recovery and concerns for inflation took hold on Wall Street. Conforming mortgage rates rose for the 6th straight week.
Tags: FOMC, inflation, Mortgage Rates
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Mortgage markets worsened last week as the U.S. economy showed additional signs of strength; and global demand for mortgage bonds slipped. Conforming mortgage rates rose for the fifth straight week.
Tags: FOMC, Mortgage Rates
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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.
Tags: inflation, Mortgage Rates, US Dollar
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Huge gains and losses characterized day-to-day trading last week. Overall, however, conforming mortgage rates improved.
Tags: FOMC, Jobs, Mortgage Rates
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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.
Tags: FOMC, Mortgage Rates, QE2
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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.
Tags: Case-Shiller Index, G-20, Mortgage Rates
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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.
Tags: Mortgage Rates, NAHB, PMMS
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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).
Tags: Federal Reserve, Jobs, Mortgage Rates
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In back-and-forth trading last week, conforming mortgage rates bottomed out Wednesday before rising through Friday’s afternoon close. This week should be even more volatile.
Tags: Fed Funds Rate, Mortgage Rates
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This week, it’s unlikely that the Refi Boom will meet its end, but that doesn’t mean you should wait for rates to fall further. Mortgage rates tend to change quickly and without notice, and should rates rise, you may find that you’ve missed the market bottom.
Tags: Freddie Mac PMMS, Mortgage Rates
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This week, there’s a lot of data and news due for release, the most influential to markets of which is the Federal Open Market Committee’s scheduled policy meeting.
Tags: FOMC, Mortgage Rates, Non-Farm Payrolls
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Non-Farm Payrolls hits the wires Friday at 8:30 AM ET. Markets are expecting a 75,000 net loss of jobs last month. If the actual number is higher, mortgage rates should rise. If the actual number is lower, mortgage rates should fall.
Tags: Deflation, Mortgage Rates, Non-Farms Payroll
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Mortgage rates are artificially right now so even the slightest jolt could cause them to spike. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days’ time. Therefore, if you’re shopping for a mortgage and like the rate you’ve been quoted, consider locking in as soon as possible.
Tags: inflation, Mortgage Rates, NAHB
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Mortgage rates have fallen in 4 consecutive weeks and are on an extended rally that dates back to mid-April. This week, however, data returns and rates could reverse. Especially with inflation numbers are in play.
Tags: CPI, inflation, Mortgage Rates
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Last week — again — mortgage rates improved and Freddie Mac is now reporting new all-time lows on three popular, conforming loan products. Here’s what’s in store for *this* week.
Tags: Freddie Mac PMMS, Mortgage Rates
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Conforming and FHA mortgage rates fell last week, extending a rate rally that dates to early-April. Mortgage rates have fallen to several, new, all-time lows during this period and last week was no different.
Tags: Eurozone, Mortgage Rates, PCE
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Last week, rates fell to all-time lows (again) Thursday. By Friday morning, though, pricing was worsening on profit-taking and in preparation for this week — a week that promises to be heavy on both data and rhetoric.
Tags: FOMC, Mortgage Rates
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Market momentum is currently in the rate shoppers’ favor. We entered the weekend with rates falling and they look poised to open Monday no worse.
Tags: Mortgage Rates, Non-Farms Payroll
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Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.
Tags: Greece, inflation, Mortgage Rates
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Mortgage markets improved last week — but barely — as ongoing doubt surrounding the health of Greece and the Euro pushed additional investors into safe assets, including mortgage bonds.
Tags: CPI, Mortgage Rates, PPI
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Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying. Greece’s debt problems continue to help mortgage rate shoppers around the country.
Tags: Greece, Mortgage Rates, Non-Farm Payrolls
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Mortgage markets improved last week on tame inflation data, a benign statement from the Federal Reserve, and ongoing credit problems in Greece. The factors combined to drop conforming mortgage rates to their lowest levels in 6 weeks.
Tags: Greece, Jobs, Mortgage Rates
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Mortgage rates rose last week. This week, economic data will be at the forefront, as will the Federal Reserve which meets for one of its 8 scheduled meetings of the year.
Tags: FOMC, Goldman Sachs, Mortgage Rates
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Mortgage markets improved last week for the second week in a row. And, also for the second week in a row, rates were down on “safe haven” buying — just not for the same safe haven reasons as before.
Tags: Eyjafjallajokull, Goldman Sachs, Mortgage Rates
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If you’re floating or shopping a loan right now, be wary of market volatility. Rates have been jumpy since April 1 and mortgage rates are changing quickly. This week, locking in before Wednesday may be your safest, near-term rate locking strategy.
Tags: Consumer Price Index, Eurozone, fha rates texas, Mortgage Rates, refinance rates texas, usda rates texas, va rates texas
Posted in Interest Rates, Mortgage Rate Prediction, Mortgage Rates, Weekly Review | Comments Off
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