European Market Jitters Continue To Affect The US Economy Mortgage rates fell last week as investor concerns over the European economy grew. Fears of growing differences between wealthier European nations and European nations needing economic aid brought higher bond prices and lower mortgage rates. Positive news for Cyprus came … [Read more...] about What’s Ahead For Mortgage Rates This Week: April 1st, 2013
Mortgage Rates
What’s Ahead For Mortgage Rates This Week: March 18th, 2013
Last week's positive employment reports were good news for the economy, which typically causes mortgage rates to rise, but mortgage rates ended the week lower. As of Thursday, Freddie Mac reports that the average mortgage rate for a 30-year fixed rate mortgage was 3.63 percent with borrowers paying their closing costs and 0.8 … [Read more...] about What’s Ahead For Mortgage Rates This Week: March 18th, 2013
Whatâs Ahead For Mortgage Rates This Week: March 11th, 2013
Mortgage rates and the major stock market indices rose last week in response to a strong jobs report and lower national unemployment rate. The Department of Labor's Non-farm Payrolls report for February surpassed expectations with 236,000 new jobs reported against expectations of 170,000 new jobs expected by Wall Street. This … [Read more...] about Whatâs Ahead For Mortgage Rates This Week: March 11th, 2013
What’s Ahead For Mortgage Rates This Week: March 4th, 2013
U.S. Budget Stalemate, Italian Elections Stir Concerns Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators' failure to agree on budget cutbacks, and after Italy’s elections failed to reveal a leader committed to continuing economic reform. When bond prices including … [Read more...] about What’s Ahead For Mortgage Rates This Week: March 4th, 2013
What’s Ahead For Mortgage Rates This Week: February 25th, 2013
A quiet past week in economic news caused mortgage rates to worsen slightly. This week, however, will be packed with economic reports which may have an impact on interest rates going forward. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage rose by 3 basis points from 3.53 percent to 3.56 percent with … [Read more...] about What’s Ahead For Mortgage Rates This Week: February 25th, 2013
What’s Ahead For Mortgage Rates This Week: February 11th, 2013
Mortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally boosts investor confidence and leads to higher mortgage rates in California and across the country. According to Freddie Mac, the … [Read more...] about What’s Ahead For Mortgage Rates This Week: February 11th, 2013
What’s Ahead For Mortgage Rates This Week : February 4, 2012
Mortgage rates worsened last week amid evidence of an improving economy. Conforming mortgage rates climbed in Nevada and nationwide, rising to a 4-month high. Freddie Mac has the average 30-year fixed rate mortgage rate at 3.53% for borrowers willing to pay 0.7 discount points plus a full set of closing costs. There was plenty … [Read more...] about What’s Ahead For Mortgage Rates This Week : February 4, 2012
What’s Ahead For Mortgage Rates This Week : January 28, 2013
Mortgage rates rose last week as investors gained confidence in the global economy. China and Europe posted better-than-expected manufacturing rates, U.S. Jobless Claims fell for the second straight week, and the worst of the European debt crisis appears to have passed. Last week's economic news provided further evidence of a … [Read more...] about What’s Ahead For Mortgage Rates This Week : January 28, 2013
