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Mortgage Rates August 20, 2013

Well, quite unexpectedly, bonds finally made a bit of a recovery this morning. After far too many days of slipping further and further south, investors have decided they look attractive again. Everyone is looking for the bargain bin deal and…

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Mortgage Rates August 15, 2013

Bonds took a complete dive this morning after news started pouring in that the economy might be doing well enough for the Fed to start tapering. Stocks also took a big dive for the same reason, and both are looking…

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Mortgage Rates August 14, 2013

Bonds are starting off a bit higher today, but there’s very little other good news. Both home purchases and refinances are down, by 5% and 4%, respectively. This isn’t entirely unexpected- we knew to watch out for a dramatic decrease…

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Mortgage Rates August 13, 2013

Bonds dropped lower today after it was projected they continue to climb. Mortgage bond prices have been up, but the number of sellers has soared as everyone gets anxious about the Fed tapering (IF the Fed begins tapering). Stocks have…

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Mortgage Rates August 12, 2013

Mortgage bonds kicked off the week a bit higher today, while stocks seem to be struggling. We expect this trend to hold up for the rest of the day, as there are no reports or Treasury Notes scheduled to be…

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Mortgage Rates August 8, 2013

Today, it looks like both stocks and bonds are higher, which is a good thing for everyone. It may be the Initial Jobless Claims report we have to thank for that. Last weeks figures were only revised upward by 2,000,…

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Mortgage Rates August 6, 2013

Bonds are sitting stable at nearly the same level as yesterday. Unfortunately, the level of trading they’re sitting at is pretty low; just around the falling trend line. So, the apparent stability doesn’t really mean much that’s good. At 1…

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Mortgage Rates August 5, 2013

Both stocks and mortgage bonds started off a bit lower this week, despite having given us some promising gains last Friday. WE can probably expect them to slip a little further toward the falling trend line later on today, as…

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Mortgage Rates August 1, 2013

Bonds opened up at a steady level comparable to yesterday, but then dropped significantly. Not good news for mortgage rates, so you might want to think about locking them. On to what you really want to know; what did the…

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