First Time Home Buyers
Currently viewing the tag: "Consumer Confidence"
After brutal losses on Wednesday and Thursday, mortgage rates rallied back on Friday to close the week virtually unchanged.
Continue Reading →Mortgage rates are recovering a little bit today, but the long-term trend seems to be reversing. With QE2 dragging on long-term interest rates and increasingly good economic data, the time to act may be sooner rather than later.
Continue Reading →Normally called “the jobs report,” Non-Farm Payrolls details the workforce, size, and unemployment rate. Consensus expectations are for similar data as we saw in August. August was considered “fair.” If we see surprising strength or weakness in the jobs report, look for interest rates to make a move.
Continue Reading →Should the market develop any conviction, it is certainly more likely that mortgage rates would jump significantly rather than go down substantially. In handicapping these rates, there is just so much risk of interest rates moving higher and yet not much room for them to move lower.
Continue Reading →This demand pushed rates lower once again and Freddie Mac is reporting further all-time lows on the big three mortgages. We’re seeing simultaneous lows on the 30-Year Fixed, 15-Year Fixed, and 5/1 ARM.
Continue Reading →A recap of yesterday’s weekly Mortgage Rate Predictions: High confidence = good economy = worse mortgage rates.
Well, confidence surged, yielding the highest reading in 34 months. Just think about that, for nearly three years we’ve been looking at monthly readings that have averaged below a 50% reading.
Continue Reading →For the first time in five weeks, both conforming and FHA Chicago mortgage rates rose. The all-out global financial crisis was downgraded to a somewhat global financial crisis and we saw stocks gain at the expense of bonds, including mortgage backed securities.
Continue Reading →Mortgage rates for most first time home buyer programs rose last week. This week, economic data will be at the forefront, as will the Federal Reserve which meets for one of its 8 scheduled meetings of the year.
Continue Reading →First time home buyer loans dodged a bullet last week. Rates jumped in that last week of March and the concern was that they could push higher.
Continue Reading →Mortgage rates improved on almost all loans for first time home buyers last week.
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