Our weekly interest rate predictions forecast volatility and all signs are that we are in for a choppy few days between now and the holiday weekend.
Continue Reading →The Fed left rates unchanged after its first meeting in six weeks. Mortgage rates were unchanged Tuesday, but are trying to stage a rally today.
Continue Reading →ortgage rates improved again in a week that was almost fully focused on one point of economic data. It was the jobs report and it was softer-than-expected. Friday morning’s weak jobs report pushed rates lower still, continuing to make all-time lows.
Continue Reading →Freddie Mac’s most recent weekly summary shows a continued push on the all-time interest rate lows that we are currently seeing, but there’s a huge difference in rates for 740 FICOs and 660 FICOs.
Continue Reading →There almost zero expectation that the Fed will change the Fed Funds Rate tomorrow when the meeting adjourns, but that does not mean that we’re forecasting mortgage rates to remain unchanged.
Continue Reading →FHA and conforming rates both saw lower rates causing a surge in refinancing activity. For a brief moment on Thursday, mortgage bond prices reached their best levels of the year.
Continue Reading →Mortgage rates have had a nice week.
We were staring at higher rates on Wednesday and then the week took a turn for the better. Wednesday afternoon saw the release of the April meeting minutes and it ignited a 2-day rally.
Continue Reading →The Federal Reserve adjourns from a scheduled, 2-day meeting today. These tend to be highly influential days where mortgage rates can move significantly in a very short amount of time.
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 →Mortgage rates for most loans for first time home buyers improved on Tuesday following the release of the Fed minutes.
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