Mortgage News

The Latest Mortgage News

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Posted: 05/07/12 9:27 AM

Mortgage Rates Fall

Mortgage rates fell last week amid week US employment data. Look for mortgage rates to remain low as uncertainty from Europe and slow US growth continue.

Posted: 04/30/12 10:06 AM

Mortgage Rates Decline

Mortgage rates continue to trend down last week as news from Europe out-weighed a neutral policy statement from the Fed. This upcoming week as the potential to move mortgage rates as manufacturing data and employment data released during the week will adjust market opinions of the economic recovery.

Posted: 04/23/12 9:56 AM

Mortgage Rates Ease

Mortgage rates finished last week slightly lower as little US economic data shifted the markets focus to corporate earnings and Europe. This week the FOMC meets as the markets are looking for any signs of QE3 in Wednesday s announcement. Mortgage rates could be under pressure Wednesday afternoon as the markets adjust to the FOMC s announcement.

Posted: 04/16/12 9:35 AM

Mortgage Rates Flat

Mortgage rates finished last week flat concern over job growth the previous week subdued the recent appetite for equities. The press has been debating whether or not the Fed will embark on a third round of quantitative easing and whether that easing would ultimately aid in stimulating the economy. Another round has the potential to keep mortgage rates low or possible move them lower.

Posted: 04/09/12 9:39 AM

Mortgage Rates Fall

Mortgage rates declined overall last week after ticking up in the beginning of the week. Initially minutes released from the last FOMC meeting created optimism about the economic recovery that faded with the release of the March jobs report. Mortgage rates fell as money moved from equities to bonds.