Mortgage markets in California’s Inland Empire Region worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece that featured favorable loan terms designed to slow Eurozone contagion, along with [...]
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What’s Ahead For California Mortgage Rates: July 18, 2011
Mortgage rates in Temecula, Murrieta, Menifee, Corona, Riverside and Moreno Valley area of California’s Inland Empire worsened last week as concerns for the global economy drove investors to “safe haven” buying. Fear continues to dominate mortgage bond market movement. Home buyers who work with a mortgage lender who tracks the real time bond market on [...]
What’s Ahead For California Mortgage Rates: June 27, 2011
Mortgage rates in California improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in Temecula, Corona and Riverside fell last week and now hover near the all-time lows set last November. Adjustable-rate mortgages are especially low. There were three [...]
What’s Ahead For California Mortgage Rates : June 20, 2011
The California mortgage rate market improved last week as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation — an event that tends to lead rates higher — but weak domestic jobs data and a soft manufacturing report suppressed the damage. Rates were also held low [...]
What’s Ahead For California Mortgage Rates: June 6, 2011
Mortgage rates in California improved early last week as a result of worries about Eurozone sovereign debt default and the U.S. employment report showed the economy’s rebound to be moving slower than originally anticipated. In Greece, the nation readied itself for its second bailout in two years. The bailout measures from last year have not [...]
What’s Ahead For California Mortgage Rates: May 24, 2010
Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.
Finding a Low Mortgage Rate is Part Research Skill, Part Luck
Shopping for mortgage rates takes more than good research skills. It takes a little bit of luck, too.
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