Mortgage rates this week are at seven-month lows and teetering on the 45-year low levels of last summer, |
Mortgage rates this week are barely above the generational low levels we saw in June of last year, |
Mortgage rates were largely unchanged this week, amid a sobering December jobs report and growing tensions in the (Middle East) and the Korean peninsula. Disappointing retail sales, a struggling manufacturing sector, and mild business investment are all holding mortgage rates in the six-percent range. |
Mortgage rates were mostly unchanged this week, amid conflicting economic reports as to the strength of the economy, |
Mortgage rates were relatively unchanged this week as the markets wait for the results of the upcoming Federal Reserve policy committee meeting. |
Mortgage rates will likely continue at or below current levels in the coming weeks since we continue to see no change in inflation. In fact, today's release of the Producer Price Index showed the economy is growing with little sign of an inflation pick-up, which should calm some jitters. |
Mortgage rates will surely fluctuate in the weeks and months ahead, but the trend now is for higher rates over the long run. |
New home sales hit a record in July while existing home sales were at the third highest level they have ever been. There is no doubt that low mortgage rates have been the driver of this phenomenal housing market. |
New records have been set in originations, refinancing, and housing starts over the last few years, highlighting the industry as a strong, functional segment of the economy, ... The Mortgage Bankers Association of America's applications for home purchase figures for last week hit an all-time record high, bolstering our prediction that 2003 will be yet another banner year for housing. |
New records have been set in originations, refinancing, and housing starts over the last few years, highlighting the industry as a strong, functional segment of the economy. The Mortgage Bankers Association of America's applications for home purchase figures for last week hit an all-time record high, bolstering our prediction that 2003 will be yet another banner year for housing. |
News like that is good news for keeping long-term fixed-rate mortgage rates low since those are more sensitive to inflationary expectations. |
News that wages grew faster than had been expected in October reinforced fears of inflation in the financial markets, and that bumped up interest rates again this week. |
Next week the policy committee of the Federal Reserve will meet and our expectation is that it will raise short-term rates by a quarter of a percent. However, we also don't see this increase as having a significant impact on long-term mortgage rates. |
Not only did the market get good news about September employment last week, but it was further bolstered by the upward revision of jobs in August, ... This inspired a little optimism in the market that we may have bottomed out as far as job losses are concerned. |
Not surprisingly, the one-year ARM rose on the expectation that the Fed would raise rates once again when they met last week, |