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- Jumbo And Super-Jumbo Mortgages : Rates Are Low And Guidelines LoosePosted on December 8, 2011
- FHA Loan Limits Raised To $729,750; Conventional To Remain At $625,500Posted on November 21, 2011
- HARP Program : The Complete HARP II Eligibility RequirementsPosted on November 16, 2011
- The FHA Streamline Refinance : The Complete Mortgage Guidelines (Plus Mortgage Rates)Posted on November 7, 2011
- The Complete USDA / Rural Housing Mortgage GuidelinesPosted on August 29, 2011
- Dan Green. NMLS #227607. Illinois Residential Mortgage Licensee, 031.0005658. Ohio Residential Mortgage Licensee LO.034597.000, 10979 Reed Hartman Hwy, Suite 118A Cincinnati, OH 45242. This is not a commitment to lend. All rights reserved. Waterstone Mortgage Corp. (NMLS #186434) is a wholly owned subsidiary of WaterStone Bank SSB. (NASDAQ: WSBF). State of Ohio licensee exempt.
Real Estate Chart of the Day

25Jul2007

Author

Dan Green

Filed Under

Rates Flat Year-Over-Year, or How Did I Possibly Work A Tower of Power Lyric Into A Blog Post?

Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.

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Today, in its Existing Home Sales report for June 2007, the National Association of REALTORS noted that mortgage rates are lower by 0.02% than in June 2006.

I guess I knew that, but wasn't paying attention to it. I had wrongly assumed rates were higher because this recent run-up was so long and extreme.

Then, I looked back...

Last summer, mortgage rates rose steadily from mid-April until mid-July on (1) fears of inflation and, (2) a changing expectation of the Fed's next move.

From there, it was a steady decline until March 2007 . That's when the mortgage rate momentum reversed on (1) fears of inflation and, (2) a changing expectation of the Fed's next move.

Gosh, the more things change, the more they stay the same.

Author

Dan Green

About the Author

Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator call 513-443-2020.

Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!