First Time Home Buyers
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A growing economy has higher mortgage rates. An argument against the economy actually growing is that inflation and other costs will cripple our growth. Inflation also pushes mortgage rates higher.
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 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 →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 →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.
Continue Reading →Mortgage rates rose for their third consecutive week last week. The U.S. dollar weakened. This is, by definition, inflationary.
Continue Reading →In last week’s interest rate predictions, we discussed that a holiday trading week could be a momentum-driven week. It was.
Continue Reading →As we mentioned last week, the 30 Year Fixed v. 5/1 ARM gap may widen and we saw it at the end of the week. The fixed rates improved less on the week than the adjustables.
Continue Reading →Mortgage rates squeezed out narrow improvements last week. After a mortgage rate rally during the Monday, Tuesday and Wednesday trading sessions, a sell-off on Thursday and Friday erased the gains.
Continue Reading →Mortgage rates moved higher last week in volatile trading.
In spite of a rough end to the week, Freddie Mac’s survey (which takes data from earlier in the week) still managed to hit all-time lows for the third week in a row. The benchmark 30-year fixed rate mortgage is now down 1.02% since April 2010.
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