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mortgage trends: Mortgage Rates Rise as Fed Hints of rate increase due to inflationary concerns - 06/12/08 04:05 PM
Inflation concerns are causing mortgage rates to rise again!
Interest rates tied to home loans took a turn for the worse after troubling comments from the Fed regarding inflation sent them to their highest levels since last fall, mortgage financier Freddie Mac said today...
Mortgage rates jumped this week after a number of Federal Reserve officials, most notably Chairman (Ben) Bernanke and Vice Chair (Donald) Kohn, expressed concern over a threat of inflation," Frank Nothaft, Freddie Mac chief economist, said in a statement.
"This led some market participants to believe that the Fed will raise rates more aggressively over the year … (1 comments)
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mortgage trends: Predicting Mortgage Rates - 02/13/08 03:43 PM
The following is an excerpt from a recent email sent to a client. Hoping others find this helpful...
It's very hard to say what the mortgage rate is going to do but here are some general observations.Inflation often leads to higher interest rates which generally lowers demand for stocks because businesses are less profitable when they pay more interest. When large (institutional) investors dump stocks they often buy bonds. Mortgages are sold as bonds (mortgage backed securities) regardless who originates your loan, though the originating lender may retain servicing as a separate profit center.When the Dow & NASDAQ rise it's because stocks are … (0 comments)
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mortgage trends: What's a "historically low" mortgage rate? - 07/24/07 04:07 AM
Have you wondered how mortgage rates north of 6% are considered historically low? Here is the answer according to Bankrate.com.
Bankrate has been tracking the 30-year fixed since September 1985. In nearly 22 years, the 30-year fixed has averaged 7.99 percent. Today's rates are under that and thereby considered "Historically Low."
From September 1985 to the end of 1989, the 30-year fixed averaged 10.45%. In the early '80s people were getting 30-year fixed-rate mortgages close to 20%! In the 1990s, the 30-year averaged 8.03%, and so far in the 2000's, it has averaged 6.53%.
If you compare today's rates with those … (4 comments)
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Illinois Financial Advisor Greg Zaccagni
Wheaton,
IL
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Farmers Insurance
Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189
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