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Mortgage rates are falling after the April jobs report It's a Wall Street quirk, though --one that should self-correct shortly.
Mortgage rates are down after the March jobs report despite 18 straight months of growth and 3.6 million jobs made since 2010. Exploit this.
Mortgage rates have been low because of a weak U.S. economy. The economy is strengthening now, though, so mortgage rates are rising.
With gas prices rising, mortgage rates for all loan types -- FHA, conventional, USDA, VA and jumbo -- should rise over the next few days.
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.
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.
Many analysts believe that confidence correlates to spending. Looking at the trendline chart, they've got good reason -- there relationship between sales and confidence appears to be direct. But there's some analysis worth doing, too.
Despite ongoing job losses and a rising Unemployment Rate, the jobs report reinforces the notion that the recession may be ending soon, if it hasn't already.
This 90-second video discusses gives some rate-locking strategies in advance of this Friday's jobs report. With the housing market seemingly on the mend and Wall Street cutting the week short because of Labor Day, national employment statistics are about to take center stage.
With oil prices racing higher, it won't be long before gas prices do the same. And more than any other force, rising gas prices can foreshadow higher mortgage rates. The relationship is not direct but it's worth examining.
Even as homebuilders predict pain in 2009 and carry confidence readings in the single-digits, they still expect a rosy 2010, it seems. With current new home inventory at 11-plus months, this is a strange way of thinking. Especially as the growing number of foreclosures dilutes home supply in the nation's largest markets.
Dear Congress, My clients are shopping for mortgages and your ongoing debates are causing problems. Mortgage rates are rising this week when all the data points to them falling. This is happening because the whole world is waiting for your vote. For example, the September jobs report showed extreme weakness...
With mortgage rates moving faster than the Spread HD offense this morning, let's take a few minutes to recap what's going on, and what's causing rates to fall. First, the bailout. Late Sunday, Congress drafted the Emergency Economic Stabilization Act of 2008 bill and it goes to vote sometime today....
Monday, Wall Street made its verdict in the case of Government vs The Credit Markets, a knock-down, drag-out fight that may have ended last Friday. Government wins, but not without inflation. To an economist, inflation is the general increase in the price of everyday goods and services that occurs over...
In the United States, tales of economic gloom in Europe barely register in our business newspapers let alone our local ones. But, for Americans in need of a mortgage, what happens economically across the Atlantic Ocean can have a big impact on mortgage rates here in the United States. It...
Before getting marked-up, mortgage rates are based on the price of mortgage bonds, a complex debt security that can be dramatically simplified in three bullet points: An investor buys for the bond for, say, $10,000 He collects regular interest payments on his $10,000 When the bond "matures", he gets his...
If you study mortgage rates long enough, you realize that "good mortgage rates" are under constant attack from a number of sources, including: World events and geopolitics U.S. employment data U.S. government and policy The price of oil and gasoline And this is just a sampler. There are literally thousands...
Members of the Federal Reserve turned up the inflation chatter since late-May and mortgage rates are suffering. Even worse, it's creating a confusion among home buyers because lender pricing is expiring multiple times daily. As a general rule, inflation is bad for mortgage rates because it cause the dollar to...
Crude oil crossed $130 per barrel last week, taking gas prices along for ride. Over the last 90 days, unleaded gas is up 25 percent and appears to be heading higher. Americans are battered by higher pump prices but are still living their lives. Unfortunately, the mainstream media throws salt...
When energy costs increase, there are two ways it can knock the economy out of equlibrium: Businesses cut back on spending, creating a recessionary ripple effect Business pass on higher costs to consumers, creating an inflationary ripple effect But when energy costs increase rapidly, the ripples can make like a...
This photo was taken last week immediately after my first $60 tank of gas. I mumbled under my breath for a few minutes, then called my wife. I wasn't angry, mind you. Just mindful of the fact that I spent $60 on a tank of gas. Multiply my incredulity times...
Last week, the Federal Reserve lowered the Fed Funds Rate by a quarter-percent but it wasn't the Fed's actions that mattered most to markets. It was what the Fed said that did. In its press release, Ben Bernanke & Co. specifically mentioned that: The U.S. economy is stabilizing over the...
