If unemployment moves lower, it is usually will mean that home values and mortgage rates move higher. If that’s the case, home affordability figures should drop from these unprecedented levels.
Continue Reading →The Federal Reserve released its December 14 meeting minutes Tuesday afternoon. There wasn’t much there to disturb mortgage markets, thankfully.
Continue Reading →Bond markets have not taken kindly to the Fed Minutes. The minutes show a propensity toward Fed “action”, most of which markets believe to be inflationary. Inflation leads to higher mortgage rates and that’s exactly what we’ve seen.
Continue Reading →The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates are slightly higher today.
Continue Reading →Mortgage rates for most loans for first time home buyers improved on Tuesday following the release of the Fed minutes.
Continue Reading →They were indeed influential, pushing rates to their highest levels of the year for most first time home buyer loans. The notable exception was the state programs as those are not typically driven by market fluctuation.
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