Elliott's Blog

The first report is September's Existing Home Sales that will be posted at 10:00 AM ET Wednesday. September's New Home Sales data will be posted Thursday morning. These reports give us an indication of housing sector strength and mortgage credit demand. It's hard to see them having much of an inf...

There are four pieces of data scheduled for release this week that may affect mortgage rates along with a Treasury auction. Only one of the four is considered to be of high importance to the markets, so there is expectation that the stock markets to again play a significant role in bonds swings a...

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Float if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from ...

Yesterday afternoon's release of the Fed Beige Book showed noticeable slowing in economic growth in most regions. This data is relied upon heavily by the Federal Reserve during FOMC meetings, therefore, the bond market rallied during afternoon trading. The reasoning behind it is that there is mor...

Thursday's bond market has opened in positive territory, continuing yesterday's late momentum. The stock markets are showing losses with the Dow down 30 points and the Nasdaq down 10 points. The bond market is currently up 10/32, which will likely improve this morning's mortgage rates by .250 - ....

Tuesday's bond market has opened in positive territory as stocks show another round of losses. The stock markets are again posting early weakness with the Dow down 91 points and the Nasdaq down 17 points. The bond market is currently up 6/32, which will likely improve this morning's mortgage rate...

Mortgage Rates as of Oct. 17, 2007 Mortgage rates have stayed pretty steady from last week to this week. The adjustable rate mortgage rates have improved much over the past few weeks, however, I would not normally recommend one. ARMs would be a great tool if we lived in a perfect world where we s...

As the bond price goes up, rates go down. Rates are steadily creeping lower and lower, don't miss this opportunity to lock in a low rate. Contact me at 864-918-0970 before rates turn for the worst.I look forward to helping you and your clients out.Rates for Oct. 16, 200715 yr fixed        5.625%2...

Monday's bond market has opened fairly flat despite sizable stock market losses. The major stock indexes are showing early weakness with the Dow down 60 points and the Nasdaq down 10 points. The bond market is currently down 2/32, which will likely push this morning's mortgage rates higher by app...