Nov
What’s ahead for mortgage rates this week: November 23, 2009
Mortgage markets worsened last week on a mixed bag of economic data. Inflation data came in soft, but so did the start of the holiday shopping season. For the first time in a month, mortgage rates worsened last week, adding roughly 0.125 percent on conforming fixed-rate products, and a little bit more on ARMs. Despite [...]
Nov
What’s ahead for mortgage rates this week: November 9, 2009
Mortgage markets were extremely volatile last week, carving out a wide range between Monday and Friday. Thankfully for rate shoppers, the overall momentum was positive. Mortgage rates fell for the second time in as many weeks. Rates still sit higher versus their early-October lows. For pure “news”, last week was a busy one: The Federal [...]
Nov
What’s ahead for mortgage rates this week: November 2, 2009
Mortgage markets improved last week after a series of hugely volatile trading sessions. Rates carved out a wide range on the week, culminating in a late-Friday plunge that dropped rates by about 1/8 percent. It was the first time in 5 weeks that mortgage rates fell. Volatility like that of last week is nothing new [...]
Oct
What’s ahead for mortgage rates this week: Ocotber 26, 2009
Mortgage markets were volatile last week, making it very difficult to shop for mortgage rates. On most days, lenders issued multiple rate sheets with the trend putting rates higher in the morning, and lower in the afternoon. Overall, mortgage rates were unchanged on the week. It broke a three-week streak through which mortgage rates [...]
Oct
What’s ahead for mortgage rates this week: October 13, 2009
Brought to you by your trusted advisor: Daniel A. Sosa Mortgage markets worsened last week as investors responded to a recovering global economy. Despite briefly touching their lowest levels since May, mortgage rates ended the week dramatically higher. It’s the second straight week that rates soared on a Friday. For several months, Wall Street [...]
Oct
What’s ahead for mortgage rates this week: October 5, 2009
Brought to you by your trusted advisor: Daniel A. Sosa Mortgage markets rallied for most of last week, but ended Friday on a sour note. After touching their lowest levels since Memorial Day, mortgage rates spiked to close out the week. Despite pricing getting worse by 1/4 percent Friday afternoon, however, mortgage rates still managed [...]
Sep
What’s ahead for mortgage rates this week: September 28, 2009
Brought to you by your trusted advisor: Daniel A. Sosa The mortgage market resumed its winning streak last week after a 1-week hiatus. Markets rallied into the weekend and mortgage rates eased lower overall. It’s the third week out of four that rates improved and, ironically, rates may have dropped last week because traders [...]
Sep
What’s ahead for mortgage rates this week: September 21, 2009
Brought to you by your trusted advisor: Daniel A. Sosa After improving in the two prior weeks, mortgage markets finished last week unchanged overall. Mortgage rates were down early in the week but managed to give up all of their gains late-Friday afternoon. It’s the same volatility variety we’ve seen in most weeks this year. [...]
Sep
Ben Bernanke leaves clues about the future of mortgage rates
Brought to you by your trusted advisor: Daniel A. Sosa On the 1-year anniversary of the Lehman Brothers collapse, Fed Chairman Ben Bernanke said Tuesday that the “recession is very likely over at this point”. His comments were supported by a Retail Sales report for August that was much better-than-expected. Equities improved on the day, [...]
Sep
What’s ahead for mortgage rates this week: September 14, 2009
Brought to you by your trusted advisor: Daniel A. Sosa Mortgage markets improved last week, briefly touching their best levels in 3 months. However, a rough Friday afternoon took away some of those gains. Mortgage rates touched their lowest levels of the week Friday morning before tacking on an eighth-percent or more over the [...]