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Mortgage Rates Start Lower, But Could See Some Volatility This Week

Mortgage rates have been fairly flat in the bigger picture, but each passing day continues to bring small scale movements. This is almost always the case, even if rate quotes don’t seem to be changing. One key reason for this is the difference between “note rate” and “effective rate.” The former is the rate that […]

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Mortgage Rates Start Stronger But Moved Higher During The Day

Posted To: Mortgage Rate Watch Mortgage rates began the day with promise. Actually, it was the underlying bond market (which largely dictates mortgage rates) was sending promising signals by apparently building on the bigger improvements seen on Tuesday. This is exactly what mortgage lenders needed in order to feel comfortable setting rates at even lower […]

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Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases

Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market as an indication that the central bank should start tapering….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Around The Web

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Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up

While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out […]

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Mortgage Rates Start Strong But End Higher

Mortgage rates have had a great couple of weeks after jumping to multi-month highs at the beginning of January. By yesterday, they’d made it almost all the way back to their best recent levels. The same was true this morning, but things have changed since then. The bond market (which dictates rates) had its worst […]

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Nice Bounce Back For Mortgage Rates After Rocky Start This Week

Posted To: Mortgage Rate Watch Earlier in the month, mortgage rates rose somewhat abruptly as lenders got in a defensive position ahead of the election. They’d learned in 2016 just how volatile the bond market (the key ingredient in the rate movement equation) could be after an election and it made sense to minimize exposure […]

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