Tag: should I lock or float my interest rate?
Rate Update August 5, 2009
Mortgage rates are modestly higher this morning. It’s already been a bumpy ride in the mortgage-backed bond market this morning. Watch today’s you tube video to understand why. Current outlook:locking bias
Posted: August 5th, 2009 under Rate Update.
Tags: august 5 free mortgage rate outlook, august 5 mortgage rates, august 5 rate update, direction of mortgage rates, lock or float, mortgage rates for august 5, should I lock or float my interest rate?
Comments: none
Rate Update August 3, 2009
Mortgage rates are higher this morning as stock markets around the world trade higher. Two separate reports released this morning showed that manufacturing activity in the Chinese & British Economies was stronger than expected. Chinese & European stock markets are all rallying on the news. US manufacturing also showed signs of recovery this morning. The [...]
Posted: August 3rd, 2009 under Rate Update.
Tags: aug 3 mortgage outlook, aug 3 mortgage rates, should I lock or float my interest rate?
Comments: none
Rate Update July 27, 2009
Mortgage rates are unchanged from Friday. This week’s schedule for US Treasury fixed-income securities auction: The US Treasury is scheduled to sell a high volume of T-bills, notes, and bonds this week. On Monday, $6 billion in Treasury-inflation-protected 19.5-year notes will be auctioned; along with $32 billion in 13-week bills and $31 billion in 26-week [...]
Posted: July 27th, 2009 under Rate Update.
Tags: direction of mortgage rates, direction of mortgage rates july 27, july 27 mortgage rate outlook, july 27 mortgage rates, lock my rate, lock or float, mortgage rate update, mortgage rates, should I lock or float my interest rate?
Comments: 2
Rate Update June 23, 2009
As we know mortgage rates typically rise when the stock market rallies. That is the case this morning with the Dow Jones Industrial Average surging past the 9,000 mark for the first time since January. Stocks are rallying on a flurry of positive earnings data from Ford Motor Co., AT&T, and 3M. However, stocks are [...]
Posted: July 23rd, 2009 under Rate Update.
Tags: direction of mortgage rates, interest rate outlook, july 23 mortgage outlook, july 23 mortgage rates, Rate Update, should I lock or float my interest rate?, should I lock or float?, will rates go up or down?
Comments: none
Rate Update July 20, 2009
Back on July 7th I outlined the importance of watching the stock market in determining the direction of mortgage rates as we entered into the 2nd-quarter earnings season. Last week positive sentiment from Goldman Sachs, Intel, and Google as well as better than expected housing data helped the Dow Jones Industrial Average rise by almost [...]
Posted: July 20th, 2009 under Rate Update.
Tags: free mortgage outlook, july 20 mortgage rate outlook, july 20 mortgage rates, locking a rate, Rate Update, should I lock or float my interest rate?
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Rate Update July 2, 2009
In yesterday’s ‘rate update’ we recommended floating rates into today’s jobs report and fortunately our advice paid off. Both fixed rates and ARMs are down significantly this morning. FHA rates remain unchanged. Analysts’ expectations were for 363,000 jobs lost last month. The report issued this morning showed that the economy lost over 100,000 more than [...]
Posted: July 2nd, 2009 under Rate Update.
Tags: monthly jobs report, mortgage rates, Rate Update, should I lock or float my interest rate?
Comments: 1
Rate Update June 30, 2009
Fixed rates are slightly higher this morning due to positive news regarding the housing market as well as technical trading patterns. This morning’s S & P Case-Shiller report shows that although home prices declined in all of the 20 urban markets it covers, the annualized decline was less than previous reports (for an explanation as [...]
Posted: June 30th, 2009 under Rate Update.
Tags: case-shiller report, june 30, Rate Update, should I lock or float my interest rate?
Comments: none