Today saw mortgage rates improve today, albeit in a marginal way. This has been a busy week with European / Greek drama, a Facebook IPO, new historic record low mortgage rates and a release of the FOMC (Federal Open Market Committee) minutes from their last meeting. Europe Dominates Headlines Again We started the week with [...]

Yesterday saw mortgage rates take a breather from their downward path, despite breaking all time historic lows last week and mounting downward pressure in the form of European debt issues. The political and economic turmoil in Europe that market watchers have been observing for months has begun to frenzy as Greece looks to possibly stop [...]

Last week saw mortgage rates move again into all time record low territory, only to retrace higher slightly later in the week. Mortgage rates experienced downward pressure due to the news regarding the JP Morgan trading loss of over $2 billion dollars. This was good for mortgage rates because bad news tends to push investors [...]

Mortgage rates improved moderately today, marking a week that has once again brought mortgage rates to new all time historic lows. News regarding the JP Morgan trading loss of $2 billion dollars has helped rates improve a bit today. Europe has also played a role throughout the week in pushing mortgage rates down as we [...]

Last week saw the Non-Farm Payrolls report, otherwise known at the Jobs Report, greatly disappoint with data showing that in April, 115,000 jobs were created as opposed to the 160,000 new jobs that were expected. Since jobs are a major engine in the economy that create economic growth, any data related to the health of employment in [...]

So far things have been fairly quiet and stable with mortgage rates this week in anticipation for today’s high risk event, The Jobs Report. Otherwise known as the Non-Farm Payrolls report, the Jobs Report is released on the first Friday of every month and provides analysts and market watchers with very important data about the health [...]

Many homebuyers are not aware that getting pre-approved for a home loan might just be what gets you them a new home faster. Before you start looking at homes, consider taking the time to talk with a lender or two about getting pre-approved for a mortgage so speed up the closing process and prevent missing [...]

Last week saw mortgage rates mostly unchanged in a very tight range hovering right above all time historic lows. The FOMC met and left the FED funds rate at 0.00% – 0.25% and expressed some mixed concerns about health of the economy.  There was also some other economic data that came out, the most important [...]

This week has been marked by historically low mortgage rates and one of the tightest trading ranges of the year. Mortgage rates changed very little throughout the week, ending the week very near to where they started. This means that if you have not already locked in your rate at the current historically low levels, [...]

Today the Federal Open Market Committee or FOMC voted on the FED funds rate (the rate at which banks lend money to each other over night) and released it’s thoughts on the state of the economy moving forward. The FOMC voted to keep the target range for the federal funds rate at 0% to 1/4% with only Federal [...]