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Need to know if mortgage rates will rise or fall this week? Here's your answer.
Want a mortgage rate prediction for the next week? That's an easy one. Read on to see where mortgage rates are headed.
Want a mortgage rate prediction for the next week? The polish is off the PIIGS, so to speak. Here's what it means for mortgage rates.
Zero-cost mortgages are terrific in a falling interest rate environment, like the one we're in now. They eliminate sunk costs completely and offer an immediate refinance payback.
Want a mortgage rate prediction for the next week? I participate in the weekly Bankrate.com Mortgage Rate Trend Index survey. This week's results may have your answers.
Need a mortgage rate prediction? I participate in the Bankrate.com Mortgage Rate Trend Index. This week's survey tells you whether to lock or float your rate.
Looking for a mortgage rate prediction? I am a voting member in the Bankrate.com Mortgage Rate Trend Index. This week's survey should give you good guidance.
As I told Bankrate.com this week : "Middle East unrest trumps inflation this week. And that's saying something." There's a small window to lock a low rate. Don't miss it.
Mortgage markets are made on Wall Street, Wall Street is made of people, and people carry cognitive bias. It's one reason why mortgage rates aren't likely to fall for quite some time.
Every now and again -- like what we're seeing this week in Egypt -- world events unleash uncertainty into the global investor psyche. Uncertainty is equal to risk and mortgage bonds gain on the news. Rates are falling this week, but don't look for it to last.
There's two ways to play this market. You can (1) lock your mortgage rate now, or (2) wait to see if rates will start to fall again. The better course is the former. Rates won't fall long-term.
Stop waiting for rates to "come back". Stop thinking the markets "are due". Stop thinking you have a day "to think it over". They won't, they're not, and you don't. What we're living through right now is the natural correction that follows a historic, 7-month rally.
I can't help but think that the market looks a lot like May 2009. Inflation fears took rates up 1.125% in 10 days back then.
Last week was especially brutal on rate shoppers. Mortgage pricing worsened by 100 basis points, adding 0.25 percent to rates. This week should be similarly bad.
Despite this ongoing, 6-month rally in mortgage rates, there wasn't a single week in which the Bankrate.com mortgage "experts" predicted mortgage rates to fall. Here's how to cope.
There's no penalty for refinancing twice (or thrice!) so take the bird-in-hand. Refinance now. And then, if the market affords it, refinance again later. Rates are dropping, but they're primed to reverse quickly.
Today, rates are 1 percent lower as compared to April.
"QE2" is the new buzzword in mortgage markets. It should extend this 23-week long Refi Boom, and increase the number of Double Dippers nationwide.
Just when you thought the Refi Boom was over, the Federal Reserve steps in to give it new life.
Hopefully, you caught the signal. Last week was the bookend on the summer's long-term rally. Mortgage rates are rising now.
After 19 weeks of improvement, mortgage rates are stupid low right now. Don't miss a chance to do something about it. Especially because rates look troughed.
Mortgage rates keep dropping, but they're dropping ever so slowly. Homeowners with loans in-process can stop worrying about having locked "too soon" -- rates are essentially the same today as they've been for 2 months. And for everyone else, it means there's still more time to join the Refi Boom.
Mortgage rates are really, really low. And they'll probably fall further. But don't get greedy. Take your bird-in-hand. Get started on that refi.
In the Mortgage World, when momentum stops, it's because there's a force pulling in the opposite direction. And momentum has stopped. Rates are no longer falling.
As I told Bankrate.com, "It's been three weeks with no change whatsoever. Rates have troughed. Increases are ahead." Mortgage markets can't seem to break through resistance. It's signal that higher rates are coming.
5-year ARMs in the 3s? 30-year fixeds in the 4s? Today is not "the new normal", folks. Don't fool yourself into thinking it is. Someday, our children will study the Summer of 2010 in their finance books. Rates may fall this week, but that doesn't mean you should gamble on it.
Shopping for a low mortgage rate? I'm a contributor to the Bankrate.com Mortgage Rate Trend Index and this week's survey tells you what you should do.
Looking to lock a mortgage rate? I'm a contributor to the Bankrate.com Mortgage Rate Trend Index and this week's survey should give you guidance.
Fear is rarely as profitable as greed on Wall Street and now that investors have acclimated to the barrage of bad news from Europe, they're looking for positive signal in the market. They're not hard to find. Mortgage rates will rise as a result.
In the Mortgage World, the trend is your friend. Ignore past history at your own peril.
Fear and doubt work in favor of mortgage rates. Too much fear and doubt, however, work against them. It's why mortgage rates won't fall further in this next week.
"While gas prices rise, so will mortgage rates. Get locked ASAP."
Investors are unwinding their safe haven trades, dumping excess mortgage bonds into the open market, pressuring mortgage rates to move higher. Get ahead of the changes because MRV -- Mortgage Rate Velocity -- is as high as its been in a year. Rate hikes are coming this week and they're going to hit hard.
Mortgage markets over-reacted last week -- like they always do. Rates went very bad, very quickly. Lucky for rate-shoppers, this week is the bounce-back.
Need a mortgage rate prediction? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey may help you. I predict mortgage rates to fall in the next 7 days.
Purchase activity is up. Talk with your friends in real estate, talk with your friends in mortgage, talk with, really, somewhat involved in the real estate business. Home buyers are out and they're writing contracts. It's good news for the economy and bad news for mortgage rates.
Need a mortgage rate prediction? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey may help you.
In total, there are literally hundreds of influences on the day-to-day mortgage rates you and I see from our banks. It's part of what makes predicting mortgage rates so challenging. You never know which of the hundreds are influences are about to come into play. The obvious influences are inflation data, housing stats, and job markets. It's less-than-obvious factors, though, that really screw things up.
Studies from inside the Fed say the group's intervention lowered rates by 1 percent last year. We've been getting low rates because the mortgage-backed market is "artificial". The Fed is a non-natural buyer. Starting April 1, 2010, though, life goes back to normal. The Fed is ending its support and the market will be left to its own. It will be ugly for mortgage rate shoppers.
January's job report and retail sales report both went negative, and Pending Home Sales failed to impress. Furthermore, there's been a general softness about the economy and Fed members have gone silent on Fed Funds Rate matters. It's a reversal from December and expectations for 2010 are dialed back a bit. Mortgage rates are falling, but have likely bottomed out.
