mortgage rates this week: What's Ahead For Mortgage Rates This Week : April 27th,2009 - 05/05/09 07:53 AM
Last week, like the 3 weeks prior, mortgage markets were all over the place from day-to-day. 
But, also like the 3 weeks prior, when the week ended Friday, rates were right back where they started from Monday.
For the 4th straight week, mortgage rates started and ended the week essentially unchanged.
Whether or not this is good news depends on your perspective. 
For active home buyers who have yet to find the "right home", long-term flatness like this is terrific. While interest rates stay even, buyer purchasing power holds flat and pre-approval letters stay valid. 
For buyers under contract or homeowners looking … (0 comments)

mortgage rates this week: What's Ahead For Mortgage Rates This Week : April 20th 2009 - 04/20/09 07:58 AM
For the third week in a row, mortgage markets improved early in the week, only to give back the gains before Friday's close.
Mortgage rates ended last week exactly where they started.  However, if you locked your mortgage rate Tuesday, you got a rate decidedly lower than someone who waited until Friday.
Last week, one of the biggest mortgage rate drivers was a series of surprisingly strong corporate earning reports, including those from financial firms Goldman Sachs and Citigroup. 
The positive reports pushed the Dow Jones Industrial Average to its 6th consecutive weekly gain.  This is the market's longest winning streak in two years … (0 comments)

mortgage rates this week: What's Ahead For Mortgage Rates This Week: March 23rd, 2009 - 03/23/09 02:18 PM
Mortgage markets scored big gains last week, sparked by the Federal Reserve's pledge to buy $750 billion more mortgage-backed bonds in 2009. 
Conforming mortgage rates fell on the week, overall.
But Federal Reserve intervention wasn't the only good news for rate shoppers last week.  New evidence showed -- for the time being, at least -- that the U.S. economy may be reversing direction:
Homebuilders are breaking ground on new homes again. First-time jobless claims are falling. Inflation is present and, therefore, deflation is not. Should the economy continue trend stronger through the summer, it will likely fuel stock market gains, drawing cash away … (1 comments)

mortgage rates this week: What's Ahead For Mortgage Rates This Week: March 9th, 2009 - 03/12/09 04:58 PM

Mortgage markets improved last week with investors' renewed aversion to risk.  To the benefit of home buyers, as major stock indices touch 12-year lows, investors are moving investible cash to the bond market.
For only second time this year, mortgage rates ended the week lower than where they opened.
Some of the bigger stories that caused mortgage rates to fall last week included:
Unemployment reaching 8.1 percent nationwide. The Fed reducingits economic outlook for 2009. Investor concerns for blue chip General Electric. In addition, US Bank and Wells Fargo cut dividends by roughly 85 percent each.  Both banks are considered well-run and … (0 comments)