Last week was fairly stable as mortgage rates leveled off a bit after weeks of slowly moving off of all time record lows. This week will see the market watching the data data that is being released for the Consumer Confidence Index, Case Shiller Index, New Home Sales and Pending Home Sales Index. Positive news [...]

The Federal Reserve issues the Beige Book, which is a snapshot or summary of business conditions in each of the Fed’s 12 regional bank districts, eight times a year. Since each district may contain different types of economic activity in various industries, each district lends its own unique feedback to the Beige Book. The Fed [...]

We’ve seen mortgage rates trend upward over the past two weeks coming off of all time historical lows. This has been fueled by a more clear and positive outlook for preventing Greece from defaulting and an increase in investor funds back into equities. This turn away from bonds is responsible for pushing most indices such [...]

While the bond / stock markets are closed today in observance of Columbus Day today (re-opening tomorrow), this week will bring three economic reports that are of interest to the mortgage market along with the minutes from the last FOMC meeting and two important Treasury auctions. New Data Released This Week On 2:00 PM ET [...]

Mortgage rates have continued to slowly trend upwards this week from the record lows of last week. This means that there is still a great opportunity to lock in these near record low rates before they make their final move up. If you lock in your rate, that is. That is a big if, because [...]

You may not know it, but the interest rate you’ll pay for your home loan depends on a number of different factors. Changing any one of these factors can help not only make you a better candidate for a loan, but also ease the financial burden that comes from a major purchase like buying a [...]

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 7-3 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. This Fed press release sheds some light on the FOMC’s current observations of the market [...]

This weeks starts with mortgage rates near the all time lows reached a couple of weeks ago after a slight tick upwards last week. Markets were watching the European debt crisis last week and that concern is the focus today for many traders as the markets are watching to see if Greece can avoid default. [...]

Mortgage rates continued to improve last week marking yet another round of record breaking low mortgage rates. Last week also marked a continuation of previous themes in the market in regards to concern over the US Economy and the Weakness of European Markets, with Greece being the focus of concern, once again. This week features [...]

In his White House Speech last night before a joint session of Congress, President Obama revealed his intent to help American homeowners refinance their mortgages to take advantage of the historically low rates we are currently seeing. While President Obama did not touch on specifics, White House officials have said the U.S. Treasury was having [...]