MORTGAGE MARKET WEEK IN REVIEW Mortgage rates continued to improve for a third straight week as investors renewed their fears over the Euro zone. The markets closed early yesterday and remain closed today for Good Friday Holiday. The “flight-to-quality” away from the Euro and into Dollar denominated securities has caught many investors by surprise as…
Category Archives: Mortgage News
Mortgage Market Week in Review – March 21, 2013
MORTGAGE WEEK IN REVIEW Rates moved sideways to slightly higher this week on the heels of ever stronger US economic news. At this point the only thing tempering their movement are potential EU economic problems budding in Cypress, which raise the issue of future problems in Spain, Italy, and France. Stay tuned because more problems…
Mortgage Market Week in Review – March 8, 2013
MORTGAGE MARKET WEEK IN REVIEW Mortgage rates vaulted higher .25% after today’s employment report showed an unexpectedly high number of jobs created in February. Employment is the single most important piece of domestic economic data and the 236,000 new jobs created by US employers in February was well above the market’s expected 165,000. The Unemployment…
Mortgage Market Week in Review – March 1, 2013
MARKET WEEK IN REVIEW Rates improved this week as the stock market retreated in fear of the pending sequester. All eyes will be watching the indexes next week to see what effect the sequester actually has. Stay tuned. CURRENT INTEREST RATES | MARCH 1, 2013 CONFORMING RATES ($200,000 – $417,000) 0 POINTS • 30 Year Fixed: 3.500% (3.60%…
Mortgage Market Week in Review – February 22, 2013
MORTGAGE MARKET WEEK IN REVIEW U.S. stocks rose on Friday as comments from Fed officials allayed fears that the central bank would curtail its stimulus measures. Federal Reserve Chairman Ben Bernanke downplayed worries that the Fed has fueled asset bubbles that could hurt the economy in a private meeting with bond dealers and investors earlier…
Mortgage Market Week in Review – February 15, 2013
MORTGAGE MARKET WEEK IN REVIEW Increased property values, a strengthening job market and stock values are at five-year highs and providing a boost to Americans’ balance sheets. A pickup in wealth is helping make up for recent gains in gasoline prices and the hit to take-home pay from a two percentage-point increase in the payroll…
Mortgage Market Week in Review – January 25, 2013
MORTGAGE MARKET WEEK IN REVIEW This morning bonds & mortgage backed securities are suffering a big sell-off in response to stronger than expected US corporate earnings reports, stronger than expected news about the state of US housing, and stronger than expected economic news coming out of the European Union (which only a year ago was…
Mortgage Market Week in Review – November 30, 2012
MORTGAGE MARKET WEEK IN REVIEW The FHFA announced yesterday that the conforming loan limits of 2012 will be the same in 2013. As for rates, soft economic data, along with tame inflation reading is supporting the Bond markets today as the month of November comes to an end. Mortgage rates remain relatively unchanged from last…
Mortgage Market Week in Review – November 9, 2012
MORTGAGE MARKET WEEK IN REVIEW The markets learned Wednesday that President Barack Obama was elected to another term and in response to the news, Bonds were sent soaring higher (rates lower) however they have pulled back slightly since then. Typically, bad news is good news for Bonds (as is uncertainty) and all eyes have moved…
Mortgage Market Week in Review – November 2, 2012
If you are thinking of buying a home or refinancing your mortgage to take advantage of today’s amazingly low rates, make sure to check my blog every week end for my weekly Mortgage Market Review courtesy of Terra Mortgage. And don’t hesitate to give me a call with any question or for a referral to one of Marin’s…
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