Posts tagged as:

Mortgage rates

What Today’s (semi-surprising) Fed Statement Means for Mortgage Rates (Thanks Ben!)

by Alex Stenback 09.21.2011

Today the Fed punctuated it’s two day conclave in the usual manner – by releasing a policy statement. Though it was widely expected that the Fed would address the persistent economic weakness and add additional measures to bolster an obviously stalled-out economy, the exact nature and size of the initiative was a bit of an [...]

0 comments Read the full article →

Weekly Mortgage Market Update: September 6th 2011

by Alex Stenback 09.06.2011

Last Week: Mortgage rates improved modestly last week, with the benchmark 30 year fixed seeing about .125% improvement by week’s end. The reason?  A drumbeat of very lukewarm economic data, capped off with a truly dismal Employment Report from the Bureau of Labor and Statistics (BLS) which showed our economy netted ZERO new jobs in [...]

0 comments Read the full article →

Weekly Mortgage Market Update: August 29th, 2011

by Alex Stenback 08.29.2011

Last Week: Mortgage rates drifted higher last week, with 30 year fixed rates adding about .125% for the week, and a full .25% increase since the near-term (and all time) low set on August 10th. The most significant news last week was Ben Bernanke’s vaguely optimistic statements from Jackson Hole, Wyoming.  Here the Kansas City [...]

0 comments Read the full article →

Weekly Mortgage Market Update: Monday August 15th 2011

by Alex Stenback 08.15.2011

Last Week: In one of the more volatile weeks in memory, mortgages managed to make strong gains.  Benchmark 30 year fixed rates even made a run at the sub 4% mark mid-week, but drifted back to 4% or slightly above by the end of the week as stocks managed to close out the week by [...]

1 comment Read the full article →

Fed Statement: Does a Promise That Rates Will Stay Low Until 2013 Apply to Mortgages?

by Alex Stenback 08.09.2011

“The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.” The money quote from Today’s Fed Statement – unusually suggesting a specific timeline before any interest rate hikes [...]

0 comments Read the full article →

In Which We Opine on the Refinance Market

by Alex Stenback 08.08.2011

Amy Hoak at Marketwatch pulls a couple of quotes from your favorite Mortgage Banker with a blog: “We’ve got a generation of borrowers out there who have been paying on their mortgages… and carrying an above-market rate, but can’t refinance because the appraisal won’t allow them to do so,” said Alex Stenback, mortgage banker for [...]

0 comments Read the full article →

Monday Market Commentary: Rates Remain at 2011 Lows, Beware Uncharted Waters

by Alex Stenback 08.08.2011

Last Week: It was a wild ride for mortgage rates, which improved throughout the week but saw a lot of volatility. The most influential factor is sending rates lower: Stocks generally took a pounding on renewed fears of generalized economic weakness in the US and ongoing Eurozone debt worries, which had investors across the globe [...]

0 comments Read the full article →

Mortgage Rates Hitting November 2010 Lows: The Recovery That Wasn’t

by Alex Stenback 08.03.2011

Yesterday, mortgage rates dropped to levels we have not seen since early November 2010. To be clear:  30 year fixed rate home loans from 3.875% to 4.375% are well within striking distance for the vast majority of borrowers. This is a level that many thought we’d never see again, and a testament to the staying power of our economic non-recovery. Thought to be [...]

0 comments Read the full article →

Monday Market Commentary: Soft Economy, Trouble in Europe Anchors Low Mortgage Rates

by Alex Stenback 06.27.2011

Last Week: Mortgage rates improved modestly last week as the negative news flow continued to etch a picture of a slowing and struggling economic recovery. The Fed has again walked back it’s prediction for 2011 GDP, which started the year at 3.9% and now is at 2.9%. Hitting that number will require things pick up [...]

0 comments Read the full article →

← Previous Entries

Next Entries →