What an interesting couple of weeks. After a massive rally just two weeks ago accounting for a 109 basis point (1.09 discount points), last week saw a sell-off of 97 basis points (.97 discount points).
Volatility everywhere and nary a leader in sight. Not so fast, [...]
Continue Reading →Like the past few weeks, this week’s mortgage rates will be driven by things that are simply not very mortgage related.
Libya and Japan continue to dominate headlines, but the issues in Bahrain and Yemen are rapidly closing [...]
Continue Reading →Mortgage rates may dip a little more this week, but they’ll need to go down at least another .25% to offset the increases in mortgage costs that hit later this spring.
Continue Reading →After brutal losses on Wednesday and Thursday, mortgage rates rallied back on Friday to close the week virtually unchanged.
Continue Reading →FHA interest rates and their conventional counterparts hit a 3-week low following four straight weeks of rising interest rates.
Continue Reading →Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly.
Continue Reading →Mortgage rates recovered slightly last week following the week prior–the worst 1-week loss for the mortgage bond market in quite some time.
Continue Reading →For just the second time in 2011, conforming mortgage rates fell on a week-to-week basis.
Continue Reading →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.
Continue Reading →Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.
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