Weekly Mortgage Interest Rate Review for 2/23/2018 The major stock market indexes showed a modest move higher this past week due to a late rally on Friday that erased losses posted on Tuesday and Wednesday when the indexes displayed increased intra-day volatility. In the middle of the week, investors were worried over recent market volatility, […]
Mortgage Rates
Weekly Review – 02/16/18 San Diego Mortgage Rates have been trending up over the last few months. In fact, I was contacted by Bloomberg this week to contribute to an article about the increase in mortgage interest rates and their impact on the housing market. You can find that article at https://www.bloomberg.com/amp/news/articles/2018-02-15/bad-news-for-buyers-u-s-mortgage-rates-hit-highest-since-2014?. The major stock […]
The announcement that all mortgage brokers, realtors, and potential buyers have been fretting, occurred late last week. The Fed announced that it will begin tapering its Bond purchase program by $10 billion per month. And even though everyone was expecting it to happen at some point, it was a surprise that it happened in December […]
Hold the Presses! The recent announcement of fee increases to loans purchased by Fannie Mae and Freddie Mac may not go into effect after all or at least will be delayed! This news came out late on Friday when Mel Watt, current U.S. Representative, who is scheduled to be sworn in as director of the […]
The Federal Housing Finance Agency (FHFA), which is a federal agency that regulates Fannie Mae and Freddie Mac and sets policy with regards to loans made by them, has been requiring Fannie and Freddie to implement gradual increases in fees. This is being done to move their pricing closer to the level you would see if mortgage credit risk […]
This last week, incoming Federal Reserve Chairwoman Janet Yellen, was on Capitol Hill for her confirmation hearing, as Fed Chairman Ben Bernanke is stepping down at the end of January. Her statements signaled that the Fed’s current Bond purchase program will continue, as the economy is still running below the Feds goals. This should be […]
All eyes last week were on the government and how the shutdown and debt ceiling issues would be resolved. The good news is that a “deal” was agreed upon before the October 17 deadline, as the government voted to fund itself through January 15, 2014 and extend the debt ceiling limit through February 7, 2014. […]
San Diego Mortgage Rates continued their assent higher last week, but did end the week on a positive note after a weaker than expected jobs report. The weaker than expected jobs numbers on Friday allowed the bond market to recover all of the losses from the previous day, but it still ended the week lower […]
San Diego Mortgage Rates stayed relatively flat this week. After the bond market tanked last Thursday, the weaker than expected jobs numbers on Friday allowed the bond market to recover all the losses from the previous day. The bond market though, is still stuck in a downward trend, which means mortgage rates could continue to […]