Tag Archives: mortgage rates
Raters are parties to politics
The bond-rating companies have waded into the scrum over the debt limit. Moody’s and Standard & Poor’s jumped off the bench and onto the field and are throwing punches. They’re not dispassionately reporting from the press box.
Please keep in mind, … Continue reading
Mortgage rates drop
Mortgage rates fell this week after release of a dismal employment report. Read Polyana da Costa’s report.
In the Rate Trend Index, the majority predict that mortgage rates will remain relatively unchanged this week. Polyana agrees with the majority, a… Continue reading
No longer perverse
Mortgage bond yields finally fell today, as they normally would do after the release of a horrific monthly employment report.
Yields on Freddie Mac mortgage bonds have fallen 9 basis points since yesterday. The yield on the 10-year Treasury has fallen … Continue reading
Rates react perversely to jobs
Employment didn’t gain any headway in June, and that’s supposed to be good news for people who have jobs and who qualify for mortgages.
The unemployment rate edged up to 9.2 percent in June, compared to 9.1 percent in May, according to the Labor Depart… Continue reading
Mortgage chat today
Today’s live chat about mortgages begins at 2 p.m. eastern time. The chat is titled “Trying to buy or refi.” Mortgage reporter Polyana da Costa and I will answer questions. Janet Stauble will moderate questions and comments.
We’re prepared to answer … Continue reading
Mortgage chat Monday
We will have a live chat about mortgages on Monday, and you are invited.
The chat, titled “Trying to buy or refi,” begins at 2 p.m. eastern time Monday. Mortgage reporter Polyana da Costa and I will answer questions.
Loan officers and brokers are welco… Continue reading
Mortgage rates loiter
Mortgage rates have been amazingly low lately. Whenever they linger below 5 percent, you’re seeing historically low mortgage rates.
They’ve been ratcheting up a little today. If your lender hasn’t raised rates an eighth of a percentage point, you’re ge… Continue reading
Benign inflation report
Overall inflation was about the same as expected in March. When you ignore fuel and food, inflation was lower than expected. Mortgage bond yields are down this morning, and that should keep a lid on mortgage rates today. I’m not saying mortgage rates w… Continue reading
Bond market on jobs report: Meh
Not much reaction so far this morning to the March employment report, which was released today and says the economy added a net 216,000 jobs in the third month. That’s a bit better than expected. The unemployment rate fell from 8.9 percent to 8.8 perce… Continue reading