Mar
What’s ahead for mortgage rates this week: March 29, 2010
Brought to you by: www.thedailymortgagegazette.com Mortgage markets tanked last week, raising rates in California to their highest levels in a month. Most of the losses occurred Wednesday in what was the worst 1-day mortgage market performance in more than 6 months. Even Friday’s rally could barely dent the losses. Most of the movement was tied [...]
Mar
What’s ahead for mortgage rates this week: March 22, 2010
Brought to you by: www.thedailymortgagegazette.com Mortgage markets closed unchanged last week, but that’s not say mortgage rates were calm. Monday through Wednesday, rates improved steadily before a swift, late-week sell-off unwound the gains. Mortgage rates have been very low for a very long time — against the expectations of most market experts. The speed of [...]
Mar
For clues about the future of Mortgage Rates, watch for Inflation
Brought to you by: www.thedailymortgagegazette.com Homes are more affordable in Stanislaus County and across the nation as the housing market emerges from a slow winter season with mortgage rates still near 5 percent. Soft housing and low rates are an excellent combination for home buyers but whereas home values rise with a gradual pace, mortgage [...]
Mar
What’s ahead for mortgage rates this week: March 15, 2010
Brought to you by: www.thedailymortgagegazette.com Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average. FHA and conventional mortgage rates in California rose last week, marking the first time that’s happened this month. Mortgage rates have been on [...]
Mar
What’s ahead for mortgage rates this week: March 8, 2010
Brought to you by: www.thedailymortgagegazette.com Mortgage markets improved last week in low-volume trading. Between Monday to Thursday, Wall Street focused on the upcoming jobs reports and mortgage markets gained while traders jockeyed for position. Mortgage rates drifted lower through Thursday afternoon. But, then, after a better-than-expected Non-Farm Payrolls report Friday morning, mortgage markets — and [...]
Mar
What’s ahead for mortgage rates this week: March 1, 2010
Brought to you by: www.thedailymortgagegazette.com Mortgage markets improved last week as economic reports painted a less-than-stellar portrait of the U.S. economy and concerns of a looming monetary policy change eased. Mortgage pricing improved dramatically, despite a late-Friday retreat. Mortgage rates are now at their lowest levels since early-February. Last week was heavy on negative data: [...]
Feb
Mortgage Rates spike on the Federal Reserve’s January 2010 Meeting Minutes
Brought to you by: www.thedailymortgagegazette.com Mortgage markets reeled Wednesday after the Federal Reserve released the minutes from its January 26-27, 2010 meeting. Mortgage rates in California are now at their highest levels since the start of the year. The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It’s a [...]
Feb
What’s ahead for mortgage rates this week: February 15, 2010
Brought to you by: www.thedailymortgagegazette.com Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise. There wasn’t much hard data on which to trade last [...]
Feb
What’s ahead for mortgage rates this week: February 8, 2010
Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates in California improved for the 4th consecutive week. Mortgage rates are now at a 6-week low but probably shouldn’t be. It underscores just [...]
Nov
What’s ahead for mortgage rates this week: November 30, 2009
Mortgage markets improved last week on stronger-than-expected economic data and safe haven buying. The holiday-shortened trading week amplified what should have been modest gains into large ones. Conforming mortgage rates dropped by about a quarter-percent last week, dropping them near their best levels of the year — and of all-time. Oddly, mortgage rates are [...]