How Long Will Mortgage Rates Stay Low?
Tuesday, August 23
How long will mortgage rates stay low?? Anyone? You know as well as I do that no one really has the answer, but if your believe the government they will stay low for the next 2 years, yea right. No one can predict where the economy, both US and World, inflation, rates, and really anything els...
Rates Up MBS's Down Market Up Roller Coaster Continues
Monday, August 22
Hope you had a great weekend and are ready for another stomach turning roller coaster of a week. We could have a great week for the economy or a wild up and down week lake we had last week. I looked for the experts to give me some direction over the weekend and after reading 6 different arti...
Global Worries Send Interest Down even further
Thursday, August 18
OK folks I am now quoting a 30 year fixed at 4% with no points. I am doing refi at 4.25% with no closing cost. Holly cow the rates are so low and looks like it might go even lower.Treasury prices are soaring and equity futures are tumbling and as a major equity sell-off in Europe has crossed ...
The Week Ahead: Inflation concerns? Housing Reports, Fed Speaks
Monday, August 15
Are we in for another wild ride this week? Is the volatility over? Only a fool would say yes for certain, but so far, markets are calm. Treasury movements are relatively modest. The two-year yield is one basis point softer at 0.19%, the 10-year yield is two basis points firmer at 2.28%, and th...
Record Low Rates and Future Guidance
Friday, August 12
CURRENT MARKET*: The BestExecution 30-year fixed mortgage rate is between 4.000% and 4.250%. Several lenders are willing to offer 4.000%, 4.250% is widely available, and we've actually seen strong 3.875% quotes too. On FHA/VA 30 year fixed BestExecutionis 4.00%. Some lenders are willing to ...
Mortgage Rates: Sharp Improvements
Thursday, August 11
We experienced some wild price swings today but consumer borrowing costs improved in the end. In many cases those improvements were significant.CURRENT MARKET*: The BestExecution 30-year fixed mortgage rate is between 4.00 and 4.250%. More lenders are willing to offer 4.00% and 4.125% is widely a...