MORTGAGE MARKET WEEK IN REVIEW The financial discord in the European Union dominated the news again this week and the associated turmoil continues to push investors out of the stock market and into the safe-haven of US Treasuries – In response interest rates moved lower again this week. CURRENT INTEREST RATES | MAY 18, 2012 CONFORMING…
Category Archives: Mortgage News
Mortgage Market Week in Review – May 11, 2012
MORTGAGE WEEK IN REVIEW – today rates are at their lowest levels, ever. This week began with news that France & Greece elected new leadership that would reject the EU’s austerity plan. This sent ripples through the US stock market and a “flight to (the) quality” of US Bonds ensued through the week. The final…
Mortgage Market Week in Review – May 4, 2012
MORTGAGE MARKET WEEK IN REVIEW The Labor Department reported this morning that US employers added 115,000 new jobs in April, well below the 162,000 expected. Surprisingly, the unemployment rate dropped a tick to 8.1% (lowest since January 2009) but this was because the overall labor force shrunk. As you know, I always try to find…
Mortgage Market Week in Review – April 27, 2012
MORTGAGE MARKET WEEK IN REVIEW This has been a big week for news. On Wednesday the Fed was tight lipped about QE3 and expressed concern about the fragility of the US economy. And perhaps those concerns are well-founded because today the advanced reading of the Gross Domestic Product of Q1 2012 came in at 2.2%,…
Mortgage Market Week in Review – April 20, 2012
Terra Announces Exclusive New 1st & 2nd Piggy-Back Loan Program Designed for Bay Area Home Buyers… See details below. CURRENT INTEREST RATES | APRIL 20, 2012 CONFORMING RATES ($200,000 – $417,000) 0 POINTS • 30 Year Fixed: 4.000% (4.07% APR) • 5/1 ARM: 2.875% (2.95% APR) JUMBO RATES ($625,501 – $2,000,000) 0 POINTS • 30 Year Fixed:…
Mortgage Market Week in Review – April 13, 2012
MORTGAGE MARKET WEEK IN REVIEW My weekly e-mail is going out a day early this week but I’ll be back to my regular Friday delivery schedule next week…. Last Friday’s disappointing March jobs report resulted in a sell-off in stocks and movement to the safe-haven of bonds, which caused rates to move slightly lower this…
Mortgage Market Week in Review – April 6, 2012
Mortgage Week in Review It is Good Friday – but unfortunately not for the Jobs Report. The market was anticipating 200,000 new jobs created in March but the employment report showed only 120,000 jobs created. And as a result Bonds, which thrive on weak economic news, are running sharply higher. This would usually be good…
Mortgage Market Week in Review – March 30, 2012
MORTGAGE MARKET WEEK IN REVIEW Following five weeks of strong economic news that drove mortgage interest rates higher; this week the market delivered mixed economic news that resulted in a rally in bonds that moved mortgage interest rates slightly lower, compared to the week before. CURRENT INTEREST RATES | MARCH 30, 2012 CONFORMING RATES ($200,000…
Mortgage Market Week in Review – March 16, 2012
MORTGAGE MARKET WEEK IN REVIEW Rates moved up quickly this week in response to better than expected US Economic Fundamentals, strong US Bank Stress Test results, and Wall Street’s sudden realization that the U.S. economy is improving! Historically interest rates remain low, but this week’s sudden upward movement should serve as a wake-up call to…
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