Yesterday saw mortgage rates take a breather from their downward path, despite breaking all time historic lows last week and mounting downward pressure in the form of European debt issues. The political and economic turmoil in Europe that market watchers have been observing for months has begun to frenzy as Greece looks to possibly stop [...]

Today the Federal Open Market Committee or FOMC voted on the FED funds rate (the rate at which banks lend money to each other over night) and released it’s thoughts on the state of the economy moving forward. The FOMC voted to keep the target range for the federal funds rate at 0% to 1/4% with only Federal [...]

Last week concluded with mortgage rates moving in an extremely tight trading range, with rates closing the week near all time historic lows. The economic data that was released did little to move the markets and things were fairly quiet on the Europe front. What’s Moving Mortgage Rates This Week? Economy We will see a [...]

This week concluded with mortgage rates moving in an extremely tight trading range, still near all time historic lows. There were a few pieces of economic data released this week, but nothing that caused any major movement for mortgage rates. Market watchers are still keeping an eye on Europe for any news about potential debt [...]

The Bureau of Labor Statistics released the Non-Farm Payrolls report (otherwise known as the “jobs report”) this morning. The numbers significantly disappointed the market, which is driving mortgage rates down. There is a possibility that mortgage rates could make up any ground they lost last week as they move downward. Non-Farm Payrolls Data Disappoints The jobs [...]

Yesterday the Federal Open Market Committee, otherwise known as the FOMC or FED released its minutes for the March 13, 2012 FOMC meeting. These minutes outline the meeting and are typically released 3 weeks post meeting. During FOMC meetings, member discuss the state of the economy based on their most recent available data and vote on [...]

Last week is saw mortgage rates decrease a bit after a rise over the past few weeks. Last week also saw a handful good but not great economic reports come out. That data was a bit of a disappointment to the markets, which helped exert downward pressure on mortgage rates. Economic Data that May Move [...]

Mortgage rates moved more last week than has previously been seen in the last few months, ending the week slightly higher. This week has a few economic events as shown in the calendar below which have the potential to move mortgage rates. A handful of FOMC board members will be speaking thoughout the week. While [...]

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 [...]

Last week mortgage rates again hit all time historic lows. There were also signs of an improvement in housing and the economy as a whole based on some of the Economic data that was released. The markets have opened up this week with mortgage rates close to the all time historic lows of last week. [...]

The Commerce Department released December’s Housing Starts data this week. A housing start is the beginning of a new home build (breaking ground). The data showed that new construction starts for single family homes increased 4.4% over November starts. The chart below also provides clarity in the upward trend in housing starts, a good sign [...]

Once again we’re seeing mortgage rates close near all time historical lows. Again? We may sound like a broken record, but Eurozone debt issues continue to weigh on the markets, pushing mortgage rates lower. This means that there is still an opportunity to refinance or purchase a home with a mortgage that will cost you [...]

This week mortgage rates have yet again, made all time historical lows. Factors in this historic mortgage rate movement include the realization that the European debt crisis is going to take a long time to fix and slower than expected improvement in the US economy. The Federal Open Market Committee (FOMC) Meets The Federal Open [...]

Mortgage rates continue a push downward early this week, challenging the all time historic lows set a few months ago. This week mortgage rate movement will be based on a few key pieces of data being released, any worthy news coming out of the FOMC meeting that begins tomorrow and any new news coming out [...]

Mortgage rates opened the week lower as European concerns continue with Spain and Italy becoming new areas of focus. The market is also concerned over the progress of the Congressional Super Committee or lack thereof. Since this is a shortened week for the Thanksgiving Holiday, it’s hard to know what is in store for mortgage [...]