First Time Home Buyers
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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.
Mortgage Rate Predictions, This Week
Expect continued volatility.
Continue Reading →Mortgage rates closed out the week unchanged, but the story of the week was anything but flat.
Monday, Tuesday and Wednesday saw a steady improvement before Thursday and Friday took back the week’s gains.
Right now, interest rates are continuing to go against the predictions of the experts.
Continue Reading →Mortgage rates lost a little ground last week.
Continue Reading →Mortgage rates improved last week in low-volume trading.
The week played out sort of as predicted.
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 →Mortgage rates lost for the second straight week and had their worst week since the end of last year. There was a little bit of pressure from the inflation reports, but the Federal Reserve dominated the headlines twice:
The FOMC minutes from the January meeting revealed a decidedly more confident [...]
Continue Reading →Mortgage interest rates rose for the first time in 5 weeks.
We mentioned in last week’s predictions that Greece was the force behind the rate rally and could be a driving force if rates ticked up.
Continue Reading →So….you read last week’s mortgage rate predictions and I finished with “are you feeling lucky?”
If you were feeling lucky or hadn’t found a home yet, the market dealt you improvement in conventional, FHA, and VA loans once again. That’s four weeks in a row and at their lowest levels since the holidays.
Rates [...]
Continue Reading →Last Week’s Recap
Mortgage rates built on their rally last week, extending it to three in a row.
Given last week’s news on this side of the pond, rates should have moved higher.
Continue Reading →The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent.
In the press release, the FOMC issued their fifth-consecutive optimistic report.
Continue Reading →