To lock or to float? It depends what we’re talking about, right? If we were discussing your house’s front door, you’d want to lock it rather than let it float, beckoning in strangers. But if we were talking about the ability to fly, you’d have to be crazy not to choose float. Who wants to …
What’s Ahead For Mortgage Rates This Week – May 20, 2013
Last week was jam-packed with economic news; here are some highlights with emphasis on housing and mortgage related news: Monday: Retail sales for April increased to -0.1 percent from the March reading of -0.5 percent and also surpassed Wall Street’s downward forecast of -0.6 percent. Retail sales are important to economic recovery as sales of …
What’s Ahead For Mortgage Rates This Week – May 13, 2013
Mortgage rates rose last week with average rates a 30-year fixed rate mortgage rising from last week’s 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points. Average rates for a 15-year fixed rate mortgage rose from 2.56 percent to 2.61 percent with buyers paying their closing costs …
What’s Ahead For Mortgage Rates This Week – May 6, 2013
Mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Average rates for a 5/1 adjustable rate mortgage (ARM) fell …
Mortgage Rates This Week, What to Expect: March 4th, 2013
U.S. Budget Stalemate, Italian Elections Stir Concerns Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators’ failure to agree on budget cutbacks, and after Italy’s elections failed to reveal a leader committed to continuing economic reform. When bond prices including Mortgage Backed Securities rise, mortgage rates …
