Currently viewing the tag: "Rates Rally"

Mortgage Rate Predictions: Week of April 26, 2010 (We Cheated)

On April 28, 2010 By

We cheated.  Admittedly.  After years of weekly on Mondays, our track record is pretty good.  This week we were blindsided and it delayed this week’s predictions.

Last week saw higher rates on FHA, conventional, and adjustable rates–everything ticked higher.  Volcanic ash cleared [...]

Continue Reading →

Fed Minutes: Why Home Sales Weren't Worse

On April 7, 2010 By

improved yesterday after the release of the Fed’s March 16, 2010 meeting minutes.

This is good news.  Rates could have just as easily, actually more easily, jumped higher.

The minutes are a detailed recap of the internal [...]

Continue Reading →

Chicago Mortgage Rates – October 16, 2009

On October 16, 2009 By

Mortgage bonds have developed a nasty habit lately of big sell-offs on Fridays.  We’ve seen each of the past two weeks close on a dismal note. Today, we have finally broken that trend.

rates are virtually unchanged since yesterday, but we have [...]

Continue Reading →

October 2 – Chicago Mortgage Rates

On October 2, 2009 By

Move to Four-Month Lows

Mortgage rates are at their best levels in months. We’re on an 8-day run and worse than expected Jobs data helped fuel an early . Mortgage bonds have sold, stocks [...]

Continue Reading →

Ben Bernanke Helping to Predict Mortgage Rates

On September 16, 2009 By

“recession is very likely over at this point”

On the 1-year anniversary of the Lehman Brothers collapse, Fed Chairman Ben Bernanke said Tuesday that the “recession is very likely over at this point”.

His comments were supported by a Retail Sales report for August that was Continue Reading →

Chicago Mortgage Loan Rates – September 14, 2009

On September 14, 2009 By

Current No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. 30 Year Fixed Rate Discount Points APR 4.750% 1.09% 4.904% 4.875% 0.55% 4.983% 5.000% 0.16% 5.075% 20 Year Fixed Rate Discount Points APR 4.625% 0.91% 4.762% 4.750% [...]

Continue Reading →

September 11, 2009 – Chicago Mortgage Rates

On September 11, 2009 By

Recap from September 10th

dipped again yesterday as the bond market picked up momentum as the day went on. The Treasury continues to auction off securities at a pretty quick pace, but buyers keeping buying US Dollar denominated investments.

Current Continue Reading →