san diego mortgage broker: San Diego Mortgage News - July 17, 2013 - 07/17/13 03:04 AM
Bernanke’s prepared text was out at 8:30 this morning (way early) before his 10:00appointment at the House Financial Services Committee. He is saying that the central bank’s asset purchases “are by no means on a preset course” and could be reduced more quickly or expanded as economic conditions warrant. “If the outlook for employment were to become relatively less favorable, if inflation did not appear to be moving back toward 2 percent, or if financial conditions -- which have tightened recently -- were judged to be insufficiently accommodative to allow us to attain our mandated objectives, the current pace of purchases could be maintained for … (0 comments)

san diego mortgage broker: This Week in Mortgage - Monday July 15, 2013 - 07/15/13 10:23 AM
This Week; there are a number of key economic releases but the major focus this week is Bernanke testifying in the House and Senate on the economy, employment and inflation. Likely he will field a lot of questions from politicians about what the Fed intends to do with its QEs and more grilling on the state of the economy and unemployment that refuses to subside. He goes before the House Financial Services Committee on Wednesday and then to the Senate’s Banking Committee on Thursday.    At this moment markets continue to lean towards the Fed beginning to taper as soon as Sept but Bernanke is keeping markets … (0 comments)

san diego mortgage broker: Consumer Mortgage News - Monday July 8, 2013 - 07/08/13 05:23 AM
Last Week's Mortgage Rates RecapLast week saw mortgage rates lose significant ground, with rates going up by as much as .5% over the course of the week. It was easy to get caught off guard because most of the increase came from a huge selloff in the MBS (Mortgage Backed Securities) market on Friday due to the employment numbers released. With last week's major jump in rates, we've now seen rate quotes go from the 3's in May to the 5's in July.
This Week's Mortgage Rates ForecastMortgage Rates Currently Trending: HIGHERThis week doesn't show any signs of improvement for mortgage rates. In fact, … (0 comments)

 


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