My Mind on Mortgages

Quick housekeeping note: ‘Rate Update’ will be on vacation tomorrow. Mortgage note rates remain at all-time low levels. New day same story line.  Most analysts believe that Greece will vote in anti-austerity political parties in their June 17th runoff election and that despite rhetoric from European Union officials they will exit the EU.  What is [...]

Mortgage note rates remain at all-time low levels. Greek officials have set the date of June 17thfor the next round of elections.  The polls suggest that political parties that oppose EU sanctioned austerity measures will gain ground increasing the likelihood of an exit from the European Union.  Judging by the amount of money withdrawn from [...]

Mortgage note rates remain at all-time low levels. Encouraging economic data is being overlooked this morning in favor of the political impasse in Greece.  Leaders from the various political factions there have failed to build a coalition government which means they face a run-off election in June.  For US mortgage rates this means we should [...]

Mortgage note rates are still at all-time low levels but the accompany closing costs are slightly higher this morning. Can Greece be saved?  For the past couple weeks US interest rates have been driven to all-time low levels as political turmoil has engulfed the ailing country.  The uncertainty surrounding the impact of a Greek disorderly [...]

Mortgage rates are mostly unchanged this morning. Rates remain at all-time lows levels as uncertainty continues to swell in Europe.  In Greece, the leftist party leader Alexis Tsipras, who is attempting to build a coalition government, is expected to send a letter to EU leaders renouncing required austerity measures.  As I began writing months ago [...]

Mortgage rates are priced slightly better this morning. The financial markets are squarely focused on Greece and the European debt crisis this morning.  Political turmoil has spread across Greeceas the various political parties scramble to build a coalition government. The uncertainty has pushed the Greek 10yr note to 23.01% and increased the likelihood that they [...]

Mortgage rates are back at all-time low levels making it a great time to lock in a rate for a home purchase or refinance. Elections in France & Greece have shown that citizens in those countries are unhappy about austerity cuts forced on them by European finance officials.  In France, Socialist Party candidate Francois Hollande [...]

Mortgage rates are priced slightly better today. This morning’s all-important jobs report has come in below expectations which helping mortgage rates remain low but technical trading patterns may prevent them from improving.  Analysts had been expecting around 160,000 new jobs to have been created in April but the actual figure came in at 115,000.  However, [...]

Mortgage rates are unchanged today. After a disappointing jobs report out yesterday the markets are feeling better this morning on a better than expected weekly jobless claims.  The report showed that the number of people filing for unemployment benefits fell to the lowest level in a month. Tomorrow we’ll get to see another highly anticipated [...]

Mortgage rates are unchanged today. Weaker than expected domestic and international economic data is helping mortgage rates to remain near all-time lows this morning but we’re still unable to move lower thanks to technical trading patterns (see yesterday’s ‘rate update’ for further explanation). Here in the US the first of three significant employment reports out [...]