3/19/2018 – Mortgage Rates Facing Volatility This Week

The morning began with bonds and mortgage markets opening lower. Not surprising with the FOMC meeting, the Fed’s quarterly forecasts of GDP, inflation, and projections for Federal Fund rates and the first press conference of Jerome Powell happening on Wednesday afternoon. With no financial reporting due today, we are primarily working with White House news,… [Read More]

3/16/2018 – Mortgage Rates in Holding Pattern

Mortgage rates are showing little change from yesterday and are on track to finish out the week lower than where they started. It looks like we are in a holding pattern as the markets still digest this morning’s data.  Almost as predictable as the sun rising in the East, the 10-year Treasury yield has now… [Read More]

3/15/2018 – Mortgages Rates Hits a Downward Trend

Mortgage rates today opened down slightly, probably due to late bond price increases yesterday afternoon. However, the National Association of Home Builders (NAHB) released its Homebuilders’ Index, which measures builder confidence, which is loosely tied to housing growth. Rising builder confidence can point to rising mortgage rates, because it means more demand for homes, increasing… [Read More]

3/8/2018 – Mortgage Rates Unchanged

Mortgage rates today are almost unchanged from yesterday’s as market participants await tomorrow’s highly-important reporting.  The Labor Departed that initial claims for state unemployment benefits increased 21,000 to a seasonally adjusted 231,000 for the week ended March 3. That’s 11,000 more than analysts expected, which would be good for mortgage rates if anyone cared. But… [Read More]