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Need to know if mortgage rates will rise or fall this week? Here's your answer.
In each of the last two Mays, mortgage rates have made new, all-time lows. This year, they may do the same.
Will Spain be this year's Greece? Home buyers and mortgage rate shoppers hope so.
Mortgage rates rose sharply, racing from historical lows to a 5-month high in just 10 days. What's driving the change and can it even last?
It's a single-focus market, folks, and Greece is the word. If you're shopping for mortgage rates, heads-up.
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.
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.
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.
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.
Since February, the 12-month LIBOR is up 68 percent. That's bad news for homeowners with pending ARM adjustments. It's now cheaper to refi into a new loan than to let your mortgage rate adjust.
30-year fixed conforming mortgage rates have moved lower on the day and successfully pushed through to their lowest levels of all-time. Let's say it again : Of all time.
In the Mortgage World, the trend is your friend. Ignore past history at your own peril.
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.
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.
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.
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.
