Need Mortgage Help?
Fast Mortgage Rate Quotes

Category | Mortgage News

Happy President’s Day!

Read The Full Post »

Mortgage Outlook for the Week of February 13, 2012

Last week saw mortgage rates hold steady near all time historical lows. The market was and will continue to watch Greece as it continues on a path towards bringing a debt default resolution to bare. Last week there were some hiccups as a resolution looked questionable towards the end of the week. Moving forward this […]

Read The Full Post »

Tags: ,

Weekly Mortgage Wrap Up

After a tick upwards earlier this week, mortgage rates have settled back down after austerity talks in Greece fell apart and Greeks demonstrated amid scattered violence. Uncertainty about the situation in Greece is good for mortgage rates in the short term though, which is why rates ticked lower today. We can expect rates to tick […]

Read The Full Post »

Tags:

A History Of US Mortgage Rates

With all the recent talk about mortgage rates “hitting new all time historical lows” and rates remaining near “all time historical lows”, it can be difficult to appreciate exactly how low mortgage rates have come. This is especially true in the historical context of mortgage rates, which spans many years. For this reason, sometimes charts […]

Read The Full Post »

Tags: , , , , ,

Mortgage Outlook for the Week of February 6, 2012

Mortgage rates rose last week following positive news regarding employment as the U.S. unemployment rate fell for the fifth straight month in January, moving down to 8.3%, the lowest level since February 2009. 243,000 jobs were added to the economy during the last month as well. This data provided more confirmation that the economy is moving in a […]

Read The Full Post »

Tags: , ,

Mortgage Rates Rise on Strong Jobs Data

Earlier this morning, the Labor Department  U.S. unemployment rate fell for the fifth straight month in January, moving down to 8.3%, the lowest level since February 2009. 243,000 jobs were added to the economy during the last month as well. The market was surprised by these numbers, which were much more healthy than expected. Expectations were […]

Read The Full Post »

Tags:

President Obama Announces New Refinancing Plan

During the State of the Union Address a few weeks ago, President Obama announced plans for a new refinancing plan to help Americans, today he announced a series of proposals to make those plans a reality. What Does The Plan Do? The goal of the program is to help borrowers that are current on their […]

Read The Full Post »

Tags: ,

Pending Home Sales Reach Highest Level in One and a Half Years

The NAR’s Pending Home Sales Index (PHSI) is showing yet another sign of strength in the housing market. Recent data is showing that pending sales (home sales with a signed contract but have not closed) reached the highest level in 19 months during November. The index showed that contract signings increased 7.3 percent to 100.1 in November. […]

Read The Full Post »

Tags: ,

Mortgage Outlook for Week of January 30, 2012

Mortgage rates improved yet again last week, yet again hitting and ending near all time historic lows. Last week was marked the FOMC meeting and their announcement that they would be continuing their projection of  ”exceptionally low rates” beyond 2013 into 2014. The market reacted and mortgage rates went lower. Events Affecting Mortgage Rates This […]

Read The Full Post »

Tags: ,

Mortgage Rates Move Lower: Understanding the FOMC Statement

The FOMC (Federal Open Market Committee) or sometimes referred to as the “Fed”, concluded its two day meeting today. In a press release,  the FOMC announced it’s thoughts on the state of the economy today and moving forward in addition to its plans for future monetary policy. The equities and bond markets pay close attention to […]

Read The Full Post »

Tags: ,

Mortgage Rates