News about mortgage market and tips how to find mortgage lenders
Mortgage News Daily reported that mortgage rates came down today, Jan 30th, reflecting the decision of the FED to not change the interest rates. Fed officials said Wednesday that they voted unanimously not to raise the benchmark federal funds rate in January, after having hiked it by 25 basis points a month prior. Greg McBride, Read more about Mortgage rates down in the last three weeks[…]
There are several solid reasons to hire an agent to help you in a real estate transaction, however, the most important reason is to avoid any legal liability when you try to buy or sell real estate by yourself. Here, we are talking about discriminatory practices. I was reading today the Alexandra Ferguson article posted Read more about Why hire an agent in a Real Estate Transaction?[…]
The 30-Year Mortgage rates dropped unexpectedly hard on January 3rd 2019 bringing an opportunity to home buyers to lock rates for their home loans. The drop reaffirms the last 2-month new falling tendency since the peaks reached during Oct-Nov 2018. There’s still risk associated with the new year and nobody can assure if the mortgage Read more about Mortgage rates dropped unexpectedly hard[…]
Today, Apr 24, 2018, the mortgage rates reached 4-Year highs. The good times of low-interest borrowing are fading away during 2018. American borrowers and investors will pay more for home mortgages and other forms of credit. Today, the 10-year Treasury yield ticked above 3% for the first time since January 2014. This affected all borrowing Read more about Mortgage Rates reached 4-Year Highs[…]
Today, the mortgage rates rose reaching the highest levels in 4 years. Financial markets saw a reason, after the release of the minutes from the Federal Reserve’s most recent policy meeting, for the recent trend in mortgage rates to continue rising. Mortgage Rates highest in the last 4 years 30 Year FHA Mortgage rate rose Read more about Mortgage Rates rose to the highest levels in 4 years[…]
Financial Markets are surprised by the rising 2018 mortgage rates in the last days. The reason for these increases is the Investor’s concerns about the new fiscal spending initiatives causing an increased bond market supply. We all know a higher bond supply means lower bond prices and also means higher interest rates. Here are some Read more about Rising 2018 Mortgage Rates[…]
It is well known how student loans are one of the big reasons why young graduates can’t afford to buy a new house. However, what is new is that those student loans are reaching older people. PBS reports today, that every year older Americans are struggling with these student debts. The number of people age Read more about The Painful Student Loans[…]
Today’s Mortgage Rates showed a calm market.
In spite of the European Central Bank ECB today’s policy announcement, mortgage rates barely move from yesterday’s closing. The relatively calm reaction in bond markets (and the absence of changes in lender rate sheets) suggests traders were already in position for this event and may be increasingly tuned out until next week. […]