Interest rate predictions this week were pretty simple: Expect wild, wild swings. We’re getting them.
Continue Reading →Mortgage rates rose for their third consecutive week last week. The U.S. dollar weakened. This is, by definition, inflationary.
Continue Reading →We saw a second consecutive week of mortgage rate improvement last week. Also for the second week in a row, the reason for the downward trend in mortgage rates was “safe haven” buying.
As we’ve discussed before, Continue Reading →
Last Week’s Recap
Mortgage rates built on their rally last week, extending it to three in a row.
Given last week’s news on this side of the pond, rates should have moved higher.
Continue Reading →We’ve had a brutal run in past ten trading session with the market losing over 150 basis points. After all of that, rates have “jumped” to 5% on the benchmark 30 Year Fixed.
Chicago Home Mortgage Rates [...]
Continue Reading →We are currently in the middle of not only the lowest mortgage rates, but also the longest prologed level at any level of interest rates. The volatility that has dotted the markets for over 18 months is, surprisingly, [...]
Continue Reading →Mortgage rates are ever so slightly better today. The Existing Home Sales figure blew away expectations today. With about six shopping weeks left under the $8,000 tax credit, this next run of pending homes sales could be staggering too.
Economic Calendar
There are only a few things on tap today. The Treausry announced that they will be having $109B in auctions next week. Believe it or not, that’s less than forecast…”only” $109 Billion.
Chicago Mortgage Rates
We were a little concerned [...]
Continue Reading →This could be one of those volatile days where we see quite a few rate sheets as lenders adjust to the violent swings in the market. There is no economic data due for release today so the biggest driver will be traders getting into positions the Treasury auction announcement tomorrow. These last few [...]
Continue Reading →Mortgage interest rates are under heavy selling pressure with the Jobs Report giving further indications of pending economic recovery. Mortgage rates took an 80 bps point free fall in the morning, but did stage a moderate afternoon recovery.
The stock market has [...]
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