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Mortgage rates have spiked aggressively over the past week and half, underlining the importance of not procrastinating if you’ve been given a good mortgage quote. Those that don’t act right away often end up losing out altogether on a great opportunity to lock in a great rate. Continue reading
Mortgage rates spiked pretty aggressively over the past few weeks, but this week we’ve seen some significant improvement due to the ongoing financial mess over in Europe and uncertainty over the sequester issue in Congress. Continue reading
Mortgage rates have undergone an ugly spike over the last few weeks, but this doesn’t mean low rates are gone forever. The bond selloff that’s been driving the increase in mortgage rates may be running out of room to run according to David Rosenberg, a respected chief economist and strategist at Toronto-based financial services firm Gluskin Sheff + Associates Inc. Continue reading
Mortgage rates rose slightly last week on Fed-led stimulus and events in Greece. Continue reading
If you follow the news at all, you’ve probably heard or read plenty about how mortgage rates are at historical lows. Just how good are mortgage rates right now? A picture is worth plenty of words, so check out the chart below that shows average 30-year fixed interest rates since 1990. The data includes rates for conforming and jumbo loans and comes from a weekly survey conducted by HSH Associates. Continue reading
Mortgage bonds improved last week on lingering concerns for the European Union and weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide. Continue reading
Mortgage markets worsened slightly last week as positive U.S. economic news overshadowed growing concerns for the Eurozone’s future. Political and economic issues continue to weigh on Greece and Spain, and it’s still unknown how France’s new President will change that nation’s fiscal direction. Continue reading
Thanks largely to the debt turmoil in Europe, mortgage rates are plumbing new lows this week. If you’ve been on the fence about taking advantage of these rates, now is definitely the time to jump into the market and refinance. Continue reading
After two weeks of little change, mortgage markets got a little better and rates moved lower last week. Much of the decline could be traced to the the poor job numbers released on Friday. Continue reading
Mortgage markets were mostly unchanged last week for the second straight week. Continue reading