Continued tariff tensions and weak retail sales data riled investors. The weakness signs in the world’s two largest economies: USA and China spurred inflows into haven assets like U.S. government paper. Uncertainty is causing an extra demand of U.S. bonds, dropping the Treasury rates and the Mortgage rates as well. In the mortgage demand side, Read more about Uncertainty pushing Mortgage Rates down again[…]
Mortgage rates broke a week-long streak of silence today following a policy announcement from the Federal Reserve. Today, the Federal Reserve (FED) announced a significant change in its loan portfolio policy consisting of Treasuries and Mortgage-Backed-Bonds. They decided to slow the pace of the decline in reserves over coming quarters provided that the economy and Read more about Mortgage Rates going deeper down..![…]
The new lows came due to a combination of three factors: news headlines, economic data, and the scheduled sale of US 10yr Treasury debt. International news about Brexit pushed down the mortgage rates. Brexit is the withdrawal of the United Kingdom (UK) from the European Union (EU), which is scheduled to take place on 29 Read more about Mortgage Rates dropped to 14-Months Low[…]
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[…]
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[…]