Mortgage rates last week improved an average of .125% to .250% in rate because the MBS (Mortgage Backed Securities) market recovered more than half of the sell off that we experienced on Friday, November 8th. And today, November 18th, the bond market improved even more (lower rates). Mortgage Rates Currently Trending: LOWER! Many lenders will […]
Mortgage rates have remained steady through middle part of October but last week we saw rates deteriorate an average of .125% by Thursday. Mortgage Rates Currently Trending: HIGHER! Depending on the lender, as we saw MBS (Mortgage Backed Securities) pricing deteriorate and test the support level of 102.00 after the announcement from the Fed meeting […]
Mortgage Rate Recap from Last Week Last week saw rates go up slightly, an average of .125%-.250%, as the MBS (Mortgage Backed Securities) were trading very tightly within a well defined range but lost 69 basis points (ouch). One reason was the lack of economic reports that would normally move the markets, most notably the jobs reports […]
Current HARP 2 interest rates to refinance a mortgage in California today are very low. How low? Low low…..much lower than an the existing interest rate for someone who eligible for the HARP 2 refinance program. Common question: Are today’s HARP 2 interest rates the same as if someone is buying a home with a […]
Mortgage rates last week for California home owners and home buyers proved to be another volatile week. Wall Street alternately sought risk and shunned it, causing mortgage-backed bonds to rise and fall rapidly. There was a lot to move markets, too, including banking concerns across Europe, inflation figures within the U.S., and a public […]
California mortgage interest rates improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows. Bonds were volatile, driven by the stock market’s gyrations. On 4 consecutive days, the Dow Jones Industrial Average […]
The July jobs report will be released tomorrow. Do you have a rate lock strategy in place or willing to miss an opportunity to lock in a crazy low mortgage rate? At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If […]
