First Time Home Buyers
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Mortgage rates lost a little ground last week.
Continue Reading →The biggest news of the week is the first Federal Open Market Committee meeting of 2010.
The Fed meets Tuesday and Wednesday, wrapping up with two main mortgage rate driving events:
Fed Funds Rate – It is near-consensus that the target will remain in the 0.000-0.250 percent range. Policy [...]
Continue Reading →There wasn’t much economic data last week and we watched momentum trading for the first week of 2010.
Monday and Tuesday rates improved.
Continue Reading →Mortgage rates are trading lower again today. Uncertainty from the Fed minutes has left the markets volatile since their is an increasing amount of disagreement between the Fed members. How and when they choose to unwind various stimuli will be the big market driver this year.
Current Mortgage Rates No Origination Fees or Origination Points [...]
Continue Reading →Last week saw dramatic sell-offs through a holiday-shortened week. Forecast is for continued volatility this week.
Current Chicago Home Mortgage Rates No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. 30 Year Fixed Rate Discount Points APR 5.000% 1.03% 5.159% 5.125% 0.46% 5.235% 5.250% 0.00% 5.279% 20 Year Fixed Rate [...]
Continue Reading →Chicago mortgages saw a drastic jump yesterday.
Continue Reading →It’s getting difficult to explain mortgage rates in a historical context, but the trading resembles a familiar childhood game: Whack-a-Mole.
Whack-a-Mole leaves an overmatched 6-year old armed with only a mallet hopelessly redirecting their full attention towards the newest mole and wildly swing from side to side, top to bottom.
Add funny vests and a [...]
Continue Reading →We are currently in the middle of not only the lowest mortgage rates, but also the longest prologed level at any level of interest rates. The volatility that has dotted the markets for over 18 months is, surprisingly, flat.
Home Affordability
Just taking a glance at these numbers, here is what is happening to home [...]
Continue Reading →Mortgage rates deteriorated slightly last week, largely bouncing around on conflicting data.
Continue Reading →Interest rates improved again last week to reach a four-week low. That’s three weeks in a row for the good guys.
Last week’s dip was worth about .125% on both fixed and adjustable loan rates.
Negative Nelly is driving the bus again.
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