Posts Tagged ‘Mortgage Rates’
We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.
Tags: Fed Funds Rate, FOMC, Mortgage Rates
Posted in FOMC | Comments Off
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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
Posted in Weekly Review | Comments Off
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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
Posted in Weekly Review | Comments Off
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No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. But the low rate environment looks like it’s ending.
Tags: Freddie Mac PMMS, Mortgage Rates
Posted in Mortgage Rates | Comments Off
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For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high.
Tags: Conference Board, Confidence Index, Mortgage Rates
Posted in Consumer Confidence | Comments Off
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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
Posted in Weekly Review | Comments Off
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At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.
Tags: Fed Minutes, FOMC, Mortgage Rates
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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
Posted in Weekly Review | Comments Off
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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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As 2009 was ending, the “experts” were busy making forecasts about the U.S. economy and what to expect in 2010. Were they right?
Tags: Home Values, Mortgage Rates
Posted in Statistics | Comments Off
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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
Posted in Weekly Review | Comments Off
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Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.
Tags: Fed Funds Rate, FOMC, Mortgage Rates
Posted in FOMC | Comments Off
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The Federal Open Market Committee begins a 2-day meeting today, its fourth scheduled meeting of the year, and fifth overall. There’s no expectation for the Fed to change the Fed Funds Rate but that doesn’t mean consumers should expect mortgage rates to remain unchanged, too.
Tags: Ben Bernanke, FOMC, Mortgage Rates
Posted in FOMC | Comments Off
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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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Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
Tags: Discount Points, Freddie Mac, Mortgage Rates
Posted in Mortgage Rates | Comments Off
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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
Posted in Weekly Review | Comments Off
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Mortgage rates are low and they likely won’t stay that way. If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.
Tags: Mortgage Rates, The Today Show
Posted in Mortgage Rates | Comments Off
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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
Posted in Weekly Review | Comments Off
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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
Posted in Weekly Review | Comments Off
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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
Posted in Weekly Review | Comments Off
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Despite 290,000 jobs created in April 2010 — nearly twice the expected amount — and a 40 percent upward revision of March’s numbers, mortgage rates are essentially unchanged. In a normal environment, rates would be higher. Today is not normal.
Tags: Greece, Jobs, Mortgage Rates
Posted in Jobs | Comments Off
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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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The Federal Reserve adjourns from a scheduled, 2-day meeting today. It’s one of 8 scheduled Fed meetings for 2010. Upon adjournment, Fed Chairman Ben Bernanke & Co. will release a formal statement to the market. In it, the Fed is expected to announce “no change” in the Fed Funds Rate. Mortgage rates, however, WILL change.
Tags: Fed Funds Rate, FOMC, Mortgage Rates
Posted in FOMC, Interest Rates, Mortgage Rates | Comments Off
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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
Posted in Weekly Review | Comments Off
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Volcanic eruptions and like natural disasters remind us: mortgage rates change for all sorts of reasons. Some we can predict, most we cannot. There’s literally thousands of influences on the U.S. mortgage market. If you’ve been shopping for a home or floating a mortgage rate, luck’s been on your side.
Tags: Eyjafjallajokull, Mortgage Rates
Posted in Mortgage Rates | Comments Off
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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
Posted in Weekly Review | Comments Off
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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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Yesterday, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen” and that the jobs markets “is stabilizing”. It also said that business spending has “has risen significantly”. This…Read the Rest of Article
Tags: Fed Funds Rate, FOMC, mortgage market, Mortgage Rates
Posted in FOMC, The Fed | Comments Off
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Good day in terms of rates. We’re currently up 50 bps and are rebounding quite nicely. I read an 87 page report earlier today that rate hikes are most likely going to happen in June, so be on the lookout! The International Trade Report came in at $-36.4b, a little higher than its estimate. Currently,…Read the Rest of Article
Tags: economic reports, Mortgage Rates
Posted in Mortgage Insights | Comments Off
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The Chicago PMI report came in this morning at 60, versus the expected 54.9. What does this mean and how does it affect you? While this report shows the overall economic activity in the Chicago area, it is also seen as being representative of the overall economy (employment, inflation, etc). More orders in the manufacturing…Read the Rest of Article
Tags: chicago pmi, Mortgage Rates
Posted in Mortgage Insights | Comments Off
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Just like yesterday, MBS is taking a beating again this morning. We’re currently down 31 bps, and we’re awaiting the Existing Home Sales report in about 15 minutes. The GDP (Gross Domestic Product) came in at 2.2%, lower than the expected 2.8% estimate which caused MBS to rise a little, but we are still in…Read the Rest of Article
Tags: market update, MBS, Mortgage Rates, texas mortgage
Posted in Mortgage Insights | Comments Off
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Good afternoon, MBS is under the 50 day moving average (1st level of support) and down 22 bps. Rates will get bumped up a little bit this afternoon.
Tags: fha loan, Mortgage Rates, texas
Posted in Mortgage Insights | Comments Off
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by Adam Quinones The Treasury has sold $21 billion 9 year-11 month notes. Today’s auction was a reopening. “Reopening” means the Treasury is simply adding securities to an already outstanding issuance. Today’s auction adds to the November 10 issuance, which matures in November 2019. When the Treasury auctions a new note, the coupon rate is…Read the Rest of Article
Tags: 10 year treasury auction, Mortgage Rates
Posted in Mortgage Insights | Comments Off
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MBS is in the red since rates came out this morning. The auction results came back pretty good, but MBS got hit pretty hard. Currently up 16 bps for the day, however down 31 since morning rates came out which caused rates to go up earlier today. Hope you took the lock advice earlier!
Tags: mortgage advice, Mortgage Rates
Posted in Mortgage Insights | Comments Off
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