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Treasuries Gained for a Second Day – Market Update
Treasuries gained for a second day as some investors got a hold of themselves and realized that headlines proclaiming the Fed will slow its bond buying program sooner than later are speculative. It’s...
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Procrastinating Is Never Good When It Comes to Mortgage Rates
Graham Skidmore thinks you should refinance now, and I agree. Mortgage rates are like an ever-lasting rollercoaster. With the past few weeks of unexpected twists and turns, major dips and jumps, you...
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Mortgage Rates Take a Breather
Hey, guys! Remember me? Your faithful PMMS pal before I was replaced by a much more handsome and talented reporter named Travis? As I type this, Travis is traveling to the great Mount Ratemore on a...
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Mortgage Rates Jump Higher
After weeks of mortgage rates inching up or down at the pace of a sleepy snail, it finally happened. In the span of seven days, 30- and 15-year fixed-rate mortgages jumped up along with 5-year...
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The Low Rates Rocket Is Ready for Takeoff
Low rates are like a rocket: Once they take off, they’re never coming back. In that case, you’d better jump on board while you still have the chance. I’ve said from the start that 2013 would be a great...
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Rising Mortgage Rates Take a Holiday Break
Catch your breath everyone. Mortgage rates have slipped down a bit this holiday week(end), according to Freddie Mac’s Primary Mortgage Market Survey. Despite Freddie Mac being a government-run agency,...
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Your Mortgage Interest Rate: The Importance of Locking In
Quizzle.com is the easiest way to get a complete understanding of your credit. Visit Quizzle.com to get your free credit report and score. Read more at Quizzle.com! When you’re looking for your first...
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Fed Influences a Dip in Mortgage Rates
Click the graph to enlarge. Like an indecisive girlfriend deciding what to wear or that same girlfriend deciding on what to eat at a restaurant, mortgage rates cannot make up their mind. Like a venting...
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This Just in: Mortgage Rates Drop Again!
Click the image to enlarge. Much like the heat waves we’ve seen in our local weather reports, mortgage rates have finally broken their rising trend and have lowered for the second week in a row. Think...
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The Market Rallied Today – Market Update
Thank you, Ben Bernanke. The market rallied after Ben reaffirmed that he might keep purchasing bonds, depending on economic data. This morning however, treasuries are down ahead of reports that should...
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Rates Rise Slightly Before Fed Efforts
Click image to enlarge. Mortgage rates have moved in an unexpected way again this week. Rising just slightly to the levels they were almost two weeks ago, mortgage rates bumped up slightly despite a...
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Stronger Than Expected ISM Manufacturing Today – Market Update
Stronger than expected ISM manufacturing data started a sell off that continued until the closing bell. Several dealers put out revised NFP forecasts and big block trades with less than 20 minutes...
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Treasuries Advanced for the First Time in Three Days – Market Update
Remember when the market cared about the Trade Deficit? The once important report failed to move the needle yesterday. Overnight Treasuries advanced for the first time in three days as foreign...
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Mortgage Rates Freeze
Click the graph to enlarge. Despite all the exciting news the mortgage world has seen recently, rates have only inched up in the slightest of ways. After all the hub-bub from President Obama’s speech...
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Mortgage Rates Stand Their Ground
Click the graph to enlarge. If mortgage rates are a two year old kid, their temper tantrum is over for now. After a month of ups and downs, mortgage rates have stayed relatively consistent for the...
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FOMC Minutes to Be Released Tomorrow – Market Update
Mortgage rates hit their highest point in more than 2 years yesterday. The market continues to take a defensive stance against the possibility of the Fed reducing asset purchases. Today is a slow...
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Mortgage Rates Jump Like They’re Startled
Click the graph to enlarge. Like a scared ‘50s housewife jumping on chair to run from a mouse, mortgage rates have jumped higher this week — actually they’ve risen to the highest levels of the year....
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Locking in Your Mortgage Rate 101
You probably know by now that you can’t just GET a mortgage. If you think about it, it makes sense. It would be crazy to lend a friend $200,000 when they have a bad track record of paying you back....
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Mortgage Rates Level Out and Send a Sign
Click the graph to enlarge. The Primary Mortgage Market Survey is based on calculated, well thought out numbers that have huge economic effects. There’s no wiggle room when it comes to determining...
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Rate Locks: Extensions and Missed Deadlines
I recently wrote an article about mortgage rate-locking 101. I thought I’d follow up and tell you about what can go wrong with rate locks because things often do. But don’t worry! Now you’ll be...
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