Lots of not-so-good news came out to the market since last Tuesday, so mortgage rate averages had quite a bit of soil and fertilizer to move around in going into the second half of the week of June 7. The … Continue Reading
After all the dramatic activity from the previous week and the symbolic breaking of the 4 percent mark on 30-year mortgage rate averages, it doesn’t surprise anyone that the market decided to take a bit of a breather and recollect … Continue Reading
With the bounce started earlier in the week, mortgage rates didn’t suffer any further damaging effects this week and instead maintained a steady, slow path into the 4 percent territory after jumping dramatically earlier. The 30-year fixed mortgage bellwether is … Continue Reading
Words like devastation, crash, utter annihilation and similar were being thrown around in the press on Wednesday, May 22, after the Federal Reserve’s Open Market Committee had finished its work. Based on the literate embellishments, one would think that Ben … Continue Reading
Mortgage rate averages have started the week with a bang, reaching their highest points so far in 2013. The trend has been building so far on the climb from the end of the previous week, creating a comfortable floor for … Continue Reading
The movement in mortgage rate averages for Friday, May 17, didn’t go very far compared to Tuesday’s measurements earlier in the week. Despite the fact that the latest jobs report shows sustained improvement and that housing starts are lower, the … Continue Reading
Rates for home-borrowing going into the week of May 15 have been riding the momentum from the previous Friday, moving slowly higher than previous weeks. Much is being made of retail sales reports, signaling that Americans have more discretionary funds … Continue Reading
