Posts tagged as:

interest rate

Mortgage Rate Update 2/19/10

February 20, 2010

While investors began the week watching for fresh information about Greece and China, the Fed stole the spotlight on Wednesday with news that was unfavorable for mortgage markets, and mortgage rates ended the week moderately higher.
The Fed currently has significant influence on mortgage rates. Over the last year, the Fed pushed mortgage rates lower by [...]

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Mortgage Rate Update 2/12/10

February 12, 2010

Global events in China and Greece had a significant impact on US mortgage markets this week, but in opposite directions. In addition, demand was much weaker than average for the 10-year and 30-year Treasury auctions, which pushed up yields. The net result was a slight increase in mortgage rates from last week.
A surprise announcement Thursday [...]

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Mortgage Rate Update 2/5/10

February 5, 2010

The biggest influence on mortgage rates this week came from outside the US. Concerns about the possible default of sovereign debt in smaller nations caused investors to seek the relative safety of US fixed income securities. This week’s economic data was roughly balanced in terms of positive and negative surprises. The added demand for safer [...]

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Mortgage Rate Update 12/11/09

December 13, 2009

This week’s economic news was mixed for mortgage markets. A speech from Fed Chief Bernanke pushed mortgage rates lower early in the week, but weak results in the Treasury auctions caused them to turn higher again later in the week. In the end, mortgage rates finished with little net change.
Despite a stronger than expected November [...]

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Mortgage Rate Update 12/4/09

December 4, 2009

It was a tough week for mortgage markets after performing very well for several weeks. Surprisingly strong economic data and a better than expected economic outlook from the Fed ramped up concerns about inflation. Those concerns resulted in higher yields and higher mortgage rates during the week.
Unemployment took center stage this week; after forecasting a [...]

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Mortgage Rate Update 11/27/09

November 27, 2009

A combination of factors helped mortgage rates improve yet again during the short Thanksgiving week. Strong demand for the Treasury auctions, low inflation, and a fragile economy were all positive for mortgage markets. As a result, mortgage rates dropped to the lowest levels since January.
The consensus economic outlook is for a gradual recovery with low [...]

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Mortgage Rate Update 11/20/09

November 21, 2009

A highly anticipated speech on Monday by Fed Chief Bernanke on the economic outlook revealed no change in the Fed’s stance on short-term monetary policy. There were also few surprises in the economic data released during the week. The monthly inflation readings continued to show that inflation is not a cause for concern in the [...]

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Mortgage Rate Update 11/6/09

November 8, 2009

As expected at its Wednesday meeting, the Fed made no change in the fed funds rate. The statement kept the same language indicating that the Fed will hold rates at extremely low levels for an “extended period.” The Fed reported that economic activity has “continued to pick up” and that the housing market has improved. [...]

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Mortgage Rate Update 10/23/09

October 23, 2009

There were few major surprises in the economic news this week, and little change in the stock market. While there was a great deal of daily volatility, mortgage rates ended the week unchanged.
A flood of housing market data was released during the week, and most of it reflected improvement in the sector. The biggest unexpected [...]

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Mortgage Rate Update 10/10/09

October 10, 2009

With a light schedule of economic data, Treasury auctions and comments from Fed officials were the primary influences on mortgage rates this week. Strong auction results on Tuesday and Wednesday pushed mortgage rates to the lowest levels seen in months. The final auction on Thursday, however, saw much weaker demand. Reacting to this, along with [...]

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