Currently viewing the tag: "Jobs"

Interest Rate Predictions | Week of February 28, 2011

On February 28, 2011 By

FHA interest rates and their conventional counterparts hit a 3-week low following four straight weeks of rising interest rates.

Continue Reading →

Interest Rate Predictions | Week of January 31, 2011

On January 31, 2011 By

Mortgage rates fell last week as the geopolitical mess in Egypt trumped a week of otherwise positive economic data.

Continue Reading →

Mortgage Rates Improving On Payrolls Report

On January 7, 2011 By

If you’re looking to dial in your mortgage rate predictions, tune your crystal ball to the jobs report, not the unemployment rate.

Continue Reading →

Interest Rate Predictions | Week of January 3, 2011

On January 3, 2011 By

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 →

Interest Rate Predictions | Week of December 27, 2010

On December 28, 2010 By

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 →

Historical Low Mortgage Rates Aren't Permanently Low

On December 2, 2010 By

Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.

Continue Reading →

Interest Rate Predictions | Week of November 8, 2010

On November 8, 2010 By

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 →

Are Today's Mortgage Rates Predicting The Future?

On November 5, 2010 By

Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began creating interesting 30 Year v. 15 Year v. 5/1 ARM comparisons.

Continue Reading →

Interest Rate Predictions | Week of October 12, 2010

On October 12, 2010 By

Mortgage rates could very well dip a little bit lower. On the other hand, they are so overbought that any positive momentum in the market could spark a major sell off.

Continue Reading →

Friday's Jobs Data Presses Current Mortgage Rates Lower

On October 11, 2010 By

This is commonly referred to as the “the jobs report” and the data strongly influences stocks and bonds and therefore is highly influential with home affordability figures. Especially in today’s economic climate and we saw mortgage rates dip lower on Friday.

Continue Reading →