First Time Home Buyers
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If you’re looking a buying a home this year, this is yet another economic report forecasting higher rates and Gaddafi doesn’t have enough pages in his green book to hold our mortgage rates down forever.
Continue Reading →What this means is that, when the market changes directions, it should change dramatically. A minor upgrade to economic forecasts would drive money into the stock market and out of mortgage bonds, pushing mortgage rates up very quickly.
Continue Reading →Chicago home mortgage rates took a beating last week, rising to the highest levels in a month.
Wednesday was the worst day in over six months and Friday’s rally was just a dent in the week’s loss.
First time homebuyers have gained even more purchasing power in the past few weeks as mortgage rates have dipped lower.
Continue Reading →Both conforming and FHA mortgage rates have improved over the past two weeks, but Friday’s Non-Farm Payrolls report could lead to a sharp reversal.
Continue Reading →Mortgage rates improved last week as the economic reports revealed a less-than-perfect U.S. economy and the Fed statements removed some concerns over a major change to monetary policy.
Continue Reading →Chicago Mortgage Rates Improving
Unemployment tipped into double-digits today and this weak number sent mortgage rates tumbling lower. It is still an incredibly volatile day.
Stocks Not Pushing Chicago Mortgage Rates Lower…yet
Stocks are having a great day after last week’s sell-off. The Dow is currently up about 1.5% and the NASDAQ about 2.25%. Mortgage rates are flat on the day. In today’s daily update, we mentioned [...]
Continue Reading →More lukewarm economic news beat up on mortgage rates today.
Unemployment held roughly flat, but the July Non-Farm payrolls “only” lost 247,000 jobs.
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