Blog tagged as Mortgage Rates

Mortgage bond prices ended last week a little higher than a the start of the week, resulting in slightly lower mortgage rates.  According to CoreLogic, U.S. home prices increased at their fastest pace since February 2006. Mortgage rates rose incrementally, and the Weekly Jobless Claims report c...

Mortgage rates were basically flat ahe end of last week.  The last three days of the week provided only a glimpse of market volatility. The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing program and ADP reported more private sector ...

The S&P/Case-Shiller Home Price Index (HPI) released Tuesday presented solid evidence that the housing recovery continued during the month of May. The Case-Shiller 20-City Index showed increasing home prices for all 20 cities. Highest Year-Over-Year Gains Included Theses Cities:

• San Francisco, CA...

Last week brought a mixed bag of economic news.  Mortgage rates rose slightly last week, trading was calm as many were on summer vacations.  It will be worth returning from vacation for this week as lots of items are on the economic calendar.

This week expect lots of rate volatility star...

Mortgage rates improved slightly last week., as economic news was a mixed bag with retail sales and housing starts coming in lower than expected, but home builder confidence in housing markets increased. Weekly jobless claims fell, and Fed Chair Ben Bernanke testified before the Senate, saying that ...

Mortgage rates improved last week.  The Fed’s release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed’s recent statement concerning the wind-down of its current monetary easing policy.  The minutes indicated that about...

Financial markets remain extremely volatile, a trend that is expected to continue.  Last week mortgage rates were significantly higher than those the at the close of the week prior. The most meaningful economic reports of the week will be on the last two days of the week with Jobless Claims on...

The past week was active for economic news and mortgage rates.   After a rising significantly earlier in the week mortgage interest rates ended the week almost unchanged from the close of the prior week. Here's the scoop on last week's activity affecting real estate markets: Tuesday's Case...

Mortgage rates continued their upward trend last week.  Comments by Fed chairman Ben Bernanke after Wednesday’s FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed’s policy of quantitative easing (QE). Chairman Bernanke said ...

Last week's news was relatively quiet with no data significant to the mortgage lending released until Wednesday, when the federal government announced a $138 billion budget deficit for May. According to the U.S. Treasury this figure is 11 percent higher than for May of 2012, but the federal budget i...

Last week's economic reports provided a mixed bag of results. On Monday, the Department of Commerce reported that construction spending increased by 0.40 percent in April and fell shy of the expected reading of 1.0 percent, but exceeded the March reading of -0.80 percent. Home Prices Increase Fastes...

Volatility in the financial markets continued last week.  Tuesday turned out to be one of the worst days for mortgage rates in history.  Consumer confidence was strong, year-over-year home prices rose sharply and the stock market continued to rise.  Mortgage rates ended the week about...

Last week was jam-packed with economic news; here are some highlights with emphasis on housing and mortgage related news: Monday: Retail sales for April increased to -0.1 percent from the March reading of -0.5 percent and also surpassed Wall Street's downward forecast of -0.6 percent. Retail sales a...

Last week mortgage rates remained basically unchanged.  During he last two weeks the bond and mortgage markets have stayed in a narrow range. The 10 yr Treasury note, driver for mortgage rates, has been confined in a 6 bp range from 1.75% to 1.69%. The note has been unable to break strong ...

Mortgage rates saw little change last week amidst mixed economic news. Treasury auctions held on Tuesday, Wednesday and Thursday saw weak demand; this could have been caused by the FOMC minutes that were released on Wednesday.  The minutes indicated that some FOMC members supported ending the c...

This Week follows on the best week’s we have had recently in the interest rate markets. Monday should however see some pressure in bonds and mortgages after such a deep decline in rates last week. There isn’t a lot of data this week, March retail sales is the most critical with questions about how ...

European Market Jitters Continue To Affect The US Economy Mortgage rates fell last week as investor concerns over the European economy grew.  Fears of growing differences between wealthier European nations and European nations needing economic aid brought higher bond prices and lower mortgage r...

Mortgage rates dropped last week despite positive employment reports, which typically causes mortgage rates to rise. As of Thursday, Freddie Mac reports that the average mortgage rate for a 30-year fixed rate mortgage was 3.63 percent with borrowers paying their closing costs and 0.8 percent in disc...

Mortgage rates and the major stock market indices rose last week in response to a strong jobs report and lower national unemployment rate. The Department of Labor's Non-farm Payrolls report for February surpassed expectations with 236,000 new jobs reported against expectations of 170,000 new jobs ex...

U.S. Budget Stalemate, Italian Elections Stir Concerns Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators' failure to agree on budget cutbacks, and after Italy’s elections failed to reveal a leader committed to continuing economic reform. When bond ...