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"Weekly Review"
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. This week, it’s back to normal.
Continue Reading →Mortgage rates moved higher again last week in a volatile, holiday-shortened trading week. Although the Freddie Mac report said that rates dipped 0.2% from the week prior, their data misses the activity from Thursday and overweights the rates from Monday and Tuesday.
Continue Reading →Mortgage markets worsened again last week as the holiday-shortened sessions did little to buck recent momentum.
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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 in Illinois for the 6th straight week.
According to Freddie Mac’s weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage is 0.66% [...]
Continue Reading →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.
Continue Reading →Mortgage rates rose for the fifth straight week last week. It’s been a volatile stretch that has seen incredible swings in mortgage rates day to day as the U.S. economy keeps showing signs of strength and recovery.
Continue Reading →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.
Continue Reading →The issue is that if the trend continues, 30 year fixed rates could easily be at 5.5%, even 6%, by the end of the year.
Continue Reading →After a spectacular run that drew 30-year fixed rates to near 4.00, mortgage rates have returned to their highest levels since late-June.
Continue Reading →Last week was another holiday-shortened week marked by volatility. Mortgage rates improved on three of the four trading days, but still lost overall on the week as Wednesday posted a staggering 93 basis point loss, one of the 10 worst days of the year.
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