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What’s Ahead For Mortgage Rates This Week – July 1, 2013

Posted on July 1, 2013 by admin

The past week was active for economic news and mortgage rates. The aftermath of the Fed’s indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 24, 2013

Posted on June 24, 2013 by admin

Comments by Fed chairman Ben Bernanke after Wednesday’s FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed’s policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 17, 2013

Posted on June 17, 2013 by admin

Last week’s news was relatively quiet with no data significant to real estate and mortgage lending released until Wednesday, when the federal government announced a $138 billion budget deficit for May. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 10, 2013

Posted on June 10, 2013 by admin

Last week’s economic reports provided a mixed bag of results. Investors continue to watch the Fed’s mortgage backed security purchasing trends in order to determine forward mortgage pricing. Continue reading →

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3 Critical Tips To Improve Your Credit Score And Mortgage Terms

Posted on June 5, 2013 by admin

Improving your credit score before searching around for a mortgage will ensure that you get the best rate possible. But what can you do to improve your credit score?

Here are three tips that can help you improve your credit score and your mortgage. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 3, 2013

Posted on June 3, 2013 by admin

This week’s financial news was relatively limited due to the Memorial Day holiday and no economic reports being released on Wednesday. The biggest news in terms of housing and mortgages was the S&P/Case-Shiller Housing Market Indices (HMI) released on Tuesday. Continue reading →

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What’s Ahead For Mortgage Rates This Week – May 20, 2013

Posted on May 20, 2013 by admin

Looking ahead, economic news for this week includes the Existing Home Sales report for April with an expectation of 5.00 million homes sold on a seasonally-adjusted annual basis against the March tally of 4.93 million homes sold.

Also set for release on Wednesday are the Federal Open Market Committee (FOMC) Minutes for the meeting held April 30 and May 1. Continue reading →

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What’s Ahead For Mortgage Rates This Week – May 6, 2013

Posted on May 6, 2013 by admin

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. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 29, 2013

Posted on April 29, 2013 by admin

Mortgage rates fell again last week and are again near record lows.

According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.

The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent. Continue reading →

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What’s Ahead For Mortgage Rates This Week – April 22, 2013

Posted on April 22, 2013 by admin

Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week’s 3.43 percent and 3.90 percent year-over-year. Continue reading →

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