todays mortgage rates: WEEKLY RATE - Rates Match Lowest Rates Ever, Then Move Up a Bit
- 07/12/16 09:44 AM
WEEKLY RATE – Rates Match Lowest Rates Ever, Then Move Up a Bit July 2016 Brexit caused the stock market to go way down and interest rates to improve dramatically with investors selling stocks and seeking the safety of bonds. As is often the case, the market over reacted and the stock market eventually rebounded. Just today the DOW hit it’s highest closing ever. Rates matched the lowest rates I’ve ever seen on Tuesday of last week, but after that, they have moved up some. Rates are still great but not quite at the lowest levels ever. The Mortgage Backed Security (MBS) market closed last week … (0 comments)
todays mortgage rates: WEEKLY RATE - Fed Likely Increasing Federal Funds Rate on Wednesday
- 12/15/15 12:00 AM
WEEKLY RATE – Fed Likely Increasing Federal Funds Rate on Wednesday December 2015 Last week, interest rates improved 4 of the 5 days with the Mortgage Backed Security (MBS) market closing the week up + 49 bps. Unfortunately, the market lost all steam on Monday with the MBS market closing down -48 bps. Everything now comes down to the FED’s policy announcement on Wednesday at 2 pm Eastern. Most market analysts predict this is when the FED will finally raise the Federal Funds Rate after a year of talking about it. I’m recommending to lock before Wednesday to avoid the uncertainty that comes with the … (1 comments)
todays mortgage rates: Rates Improve / FED doesn’t raise Federal Funds Rate
- 09/21/15 07:28 AM
Rates Improve / FED doesn’t raise Federal Funds Rate September 2015 Interest rates improved significantly on Thursday and Friday after the Federal Open Market Committee (FOMC) announced they would not raise the Federal Funds Rate. The Mortgage Backed Security (MBS) market closed Thursday/Friday trading up +83 bps, and the week up +47 bps. Perhaps more important, the FEDs comments on the fragility of the economy lead some in the market to believe that the Federal Funds Rate could stay at 0% for some time. 30 year fixed rates are now available at 3.875% paying .79 points (4.03% APR), and 3.99% paying … (0 comments)
Interest rates had an up and down week with large swings in the Mortgage Backed Securities (MBS) market in both a positive and negative direction. The MBS market closed last week trading down -2 bps, and also closed Monday down – 24 bps.
30 year fixed rates are now available at 3.99% paying .64 points (4.11% APR), and 4.125% paying 0 points (4.16% APR). 15 year fixed rates are now available at 3.125% paying 1 point (3.32% APR), and 3.375% paying 0 points (3.39% APR). **Priced with 740+ credit score, rate and term refinance at 75% … (0 comments)
Interest rates improved by about .375 bps in costs at each rate last week. The Mortgage Backed Security market closed the week trading up + 70 bps, highlighted by Friday’s rate improvement of +46 bps.
Interest rates are currently at their lowest levels since May of 2013.
30 year fixed rates are now available at 3.5% paying .63 points (3.626% APR), and 3.625% paying 0 points (3.7% APR). 15 year fixed rates are now available at 2.75% paying 1 point (2.95% APR), and 2.99% paying 0 … (0 comments)
Interest rates finally gained some momentum after weeks of movement higher.
On Friday, the December employment report was released. Analysts predicted Non Farm Payroll Jobs to increase by 196,000 and the unemployment percentage to remain at 7%. The analysts vastly overestimated the increase, causing a huge movement in the bond markets and pushing rates lower by approximately .125%.
Non Farm Payroll jobs only increased by 74,000. Although the unemployment percentage dropped to 6.7%, much of that was due to people leaving the work force. Only 62.8% of … (0 comments)
todays mortgage rates: ALL EYES ON FED STATEMENT WEDNESDAY - 50/50 CHANCE FOR TAPERING
- 12/17/13 12:09 AM
ALL EYES ON FED STATEMENT WEDNESDAY - 50/50 CHANCE FOR TAPERING December 16th, 2013 All eyes are on the FED and The FOMC meeting this week. The FOMC starts their meeting on Tuesday and will release their statement at 2 pm Eastern on Wednesday. There is more and more speculation that the FED could taper at this meeting – many experts now calling it a 50/50 proposition. Some prognosticators are actually predicting the FED to taper like the opinion below: “We now look for the Fed to do something meaningful at the December 18 meeting,” wrote Michael Moran at Daiwa Capital … (0 comments)
todays mortgage rates: MTG RATES SHOW IMPROVEMENT – FHA LOWERS WAITING PERIOD AFTER FORECLOSURE, BK, AND SHORT SALE
- 08/27/13 02:30 AM
INTEREST RATES SHOW IMPROVEMENT – FHA LOWERS WAITING PERIOD AFTER FORECLOSURE, BK, AND SHORT SALE August 26th, 2013 After starting last week rising quickly, interest rates rebounded near the end of the week. The Mortgage Backed Security market closed the week trading up + 28 bps, and also closed Monday up + 30 bps. This market is very interesting because negative economic reports are taken as possibilities that the FED will take longer to slow the stimulus. Everything is related to the FED and will be until a taper actually happens. The last few economic reports came in weaker than expected, … (2 comments)
todays mortgage rates: TODAY'S MORTGAGE RATES - RATES REMAIN STABLE
- 11/28/11 04:47 PM
TODAY'S MORTGAGE RATES: November 28th, 2011 During the past few weeks we have really seen a stable market for interest rates. Last week the bond market closed even (0 bps), keeping rates relatively the same as the week before. Rates have basically remained at the same levels for most of November. I still recommend LOCKING in the present market. Rates look like they have hit their lows, and there are not any technical indicators that show that rates will go below their current levels. So without much hope of rates going lower, there really is only one way to … (2 comments)
todays mortgage rates: 30 YEAR FIXED AT 3.875% - ALL EYES ON EUROPE
- 11/15/11 02:09 AM
TODAY'S MORTGAGE INTEREST RATES : 30 YEAR FIXED AT 3.875% November 14th, 2011 The bond market closed last week trading down - 19 bps. Mortgage rates and pricing increased slightly on the week as a whole. My bank took on a new investor, so my pricing is improved across the board even though pricing is a bit higher this week. Check out my updated pricing below: The bond market and stock market are still trading up and down with most investors looking at Europe’s debt crisis. One day, the markets are doom and gloom due to discouraging developments in … (0 comments)
WEEKLY RATE – Rates Match Lowest Rates Ever, Then Move Up a Bit
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