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Mortgage

Mortgage Rate Update 11/13/09

November 16, 2009

Since the Fed meeting on Wednesday of last week, mortgage rates have improved a little each day. There was no major economic data released during the week, and even a weak 30-yr Treasury auction on Thursday failed to stall the rally in mortgage markets. As a result, mortgage rates ended the week moderately lower. At [...]

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Mortgage Rate Update 10/30/09

October 31, 2009

While daily volatility was high this week, mortgage rates ended just slightly lower than last week. The primary factors influencing mortgage rates were offsetting. The economic growth data released this week was stronger than expected, but inflation remained low. While the first two Treasury auctions produced impressive results, the final one was relatively weak. Demand [...]

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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 [...]

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Mortgage Rate Update 10/17/09

October 19, 2009

Stronger than expected economic data, solid earnings reports, and upward revisions to the Fed’s growth forecast propelled the Dow stock index above the 10,000 level for the first time since October 2008. However, these same factors were unfavorable for mortgage rates, and they ended the week modestly higher. This week’s economic data mostly surprised to [...]

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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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Mortgage Rate Update 9/18/09

September 19, 2009

A wide range of major economic data released during the week and comments from the Fed reinforced the consensus outlook for the economy. Economic growth appears to be on track for gradual improvement, while inflation is not a concern in the short-term. With few surprises this week (jumbo loan rates decreased slightly), mortgage rates ended [...]

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Mortgage Rate Update 9/11/09

September 11, 2009

In a light week for economic data, the Treasury auctions had the greatest influence on mortgage markets. Strong auction results, particularly for the 30-yr Treasuries, helped mortgage rates move lower during the week. In recent months, mortgage rates have been heavily influenced by concerns about the enormous amount of debt the government needs to issue [...]

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Mortgage Rate Update 8/28/09

August 29, 2009

There were few surprises in the economic data released this week, and the record $109 billion in Treasury auctions went smoothly. As a result, it was a quiet week for mortgage markets. This week’s economic data showed signs that the economy is gradually improving, while inflation is not a concern right now. Demand remained solid [...]

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Mortgage Rate Update 8/14/09

August 16, 2009

Tame inflation data, strong demand for the Treasury auctions, and a lack of surprises from the Fed were all positive for mortgage markets, and mortgage rates ended the week lower. As expected, the Fed held the fed funds rate steady on Wednesday, and its statement contained few changes. The Fed suggested that economic activity is [...]

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Mortgage Rate Update 7/3/09

July 4, 2009

There was very little daily movement in mortgage rates during the holiday-shortened week, and they ended the week nearly unchanged. The economic news during the week contained few surprises. Following better than expected results for May, investors were closely watching the June Employment report for clues about the timing of any economic recovery. Thursday’s data [...]

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