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Mortgage rates are spiking right now as Wall Street begins to bet *with* the economy instead of against it. January's jobs report may be a tipping point.
It's a single-focus market, folks, and Greece is the word. If you're shopping for mortgage rates, heads-up.
Conforming, FHA, and USDA mortgage rates are rising. Will Friday's jobs report make them spike?
The jobs recovery appears to have stalled. For rate shoppers nationwide, it's good news. Mortgage rates are dropping.
Is the job market better than they say? Mortgage rates sank after an unexpectedly-strong July jobs report.
Congress debate extending the current debt ceiling limit vs making immediate spending cuts. While it debates, mortgage rates sink. Rates are at an all-time low.
There's a silver lining in the poor June jobs report. Mortgage rates are sinking. It's a good day to shop-and-lock.
Last year, a sagging, slowing U.S. economy is one reason why mortgage rates were so low. As those conditions reverse, it follows that mortgage rates should reverse, too. And they are.
Political unrest across the Middle East is putting oil prices on the move. It's awful for mortgage rate shoppers going forward. Barring a change of pace, this week might represent the best mortgage rates of the year.
Inflation is a self-reinforcing cycle. The longer it lasts, the more insidious its effects, and mortgage rates are an unfortunate consequence.
Unemployment Rates are dropping and the economy is adding jobs. Mortgage rates will hit their highest levels of the year. It's time to lock a mortgage rate.
Employers are back to adding jobs and it will figure big in housing and mortgage markets in 2011. If you're planning to buy a home or refinance one, look out. More jobs might mean less purchasing power, and higher mortgage rates.
The government rounds inflation figures to one decimal point when it releases its data -- an imprecise way of reporting precise information. It's helping to keep mortgage rates artificially low.
According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates are improving as a result of "the miss".
According to Google, "deflation" chatter is growing. It's extending the Refi Boom for another few weeks.
Wall Street liked the jobs report today and is bidding up stocks at the expense of bonds. Mortgage rates are rising. Rates are higher by 1/8 percent this morning.
No matter what you think about your mortgage qualifications -- too little equity, too little income, too big of a loan size -- take 5 minutes out of your day to call your loan officer. Find out whether you qualify for a mortgage at today's rates. Sure, rates may fall lower, but, then again, they might not.
Default concern is now spilling beyond the Greek border to the rest of the PIIGS -- Portugal, Ireland, Italy and Spain. Contagion mentality has set in. Markets have moved into Safe Haven mode. It's helping mortgage rates fall but it won't last forever.
December's jobs report was released this morning. It showed 85,000 jobs lost last month and no change in the Unemployment Rate. For stock markets and out-for-work Americans, the figures are disappointing. But December's weak jobs data isn't universally awful. With the bad there comes some good. Mortgage rates are improving.
According to the government, the U.S. economy shed just 11,000 jobs in November, a 100,000 job improvement from October and the lowest tally since June 2007. Furthermore, the national Unemployment Rate dropped to 10.0 percent.The data is building economic optimism on Wall Street, forcing a retracement of the flight-to-quality bets made since October. These safe-haven bond buys dropped rates to their lowest levels of all-time last week. This week, not so much.There's a massive MBS sell-off in process. Rates unwound 3 weeks of improvement in the first 3 minutes of trading.
