Current low mortgage rates are holding on today as Euro zone talks resumed in Brussels with Germany and France pushing for an agreement between Greece and its creditors that will reduce its debt to reasonable levels. With no other economic data being released today, markets are quietly awaiting more updates from Europe. Pending Home Sales [...]
Amidst other notable items–crashing markets and tremendous natural disasters among them–2011 might also become known as “the year of record-low mortgage rates”. Not since the early 1950s–perhaps beyond–have mortgage rates plumbed these depths. We begin 2012 with fixed interest rates almost a full percentage point below where we began 2011, at levels which not [...]
Homebuyers and refinancers have several things to be thankful for this holiday season, mortgage rates coming at the top of the list. The next few months will be critical ones for the housing market. As both homebuyers and refinancers gear up for what is bound to be a busy couple of months, mortgage rates [...]
Todays low mortgage rates could become a continuous trend after the Feds Tarullo mentioned that the first choice of action to help the economy and boost the housing sector would be to purchase mortgage backed securities. Low conforming mortgage rates have become normal to most people, although many are still waiting for them to go [...]
There were plenty of economic twists and turns last week which allowed mortgage rates to find some additional room to fall. Fed and economy send rates downward As we mentioned last Monday: The “wildcard in the [mortgage rate] forecast is the Fed; if something unexpected comes in the statement which will come on Wednesday, [...]