Mortgage News & Advice
The economy received some good news from the manufacturing sector on Wednesday sending equities higher and treasury and mortgage prices lower. Mortgage bonds are lower this morning after yesterday’s sell-off and subsequent reprice. Today’s July pending home sales report showed an unexpected gain in the month-over-month number. However, year-over-year home sales are down -20.1%. Finally, the July factory orders report came in as expected, showing a very small increase.
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(Rate!)Mortgage rates are incredibly low offering current and potential homeowners one of the best times in history to get or refinance a mortgage. We take a trip back in time and take a look at how much things cost the last time we saw rates this low.
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(Rate!)Could today’s stock market surge mean a rebound for our ailing economy? If so, the wide open window of record-low mortgage rates could be closing.
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(Rate!)Economic signals were mixed yesterday with the June S&P/Case Shiller indices and August U.S. consumer confidence both exceeded predictions while the August Chicago purchasing managers index was below expectations. Mortgages and Treasuries are relatively flat as investors position themselves for Friday’s employment report.
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(Rate!)Introducing our new weekly feature: Watch-It Wednesday! Each week we’ll bring you an informative mortgage video. This week, we take a closer look at the 30-year fixed-rate mortgage.
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(Rate!)Treasury and mortgage prices are higher this morning extending yesterday’s rally. Investors are preparing for the week’s data which has portrayed a bleak picture of the economy, stirring fears of a double-dip.
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(Rate!)The Federal Housing Administration is going to be making some changes to the FHA loan soon. Find out what they are and how they impact current and prospective FHA loan holders.
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(Rate!)A driveway is much more than a place to park your car. Don’t neglect this crucial component to your home’s curb appeal. Here are some helpful tips to clean and maintain your cement driveway.
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(Rate!)A driveway is much more than a place to park your car. Don’t neglect this crucial component to your home’s curb appeal. Here are some helpful tips to clean and maintain your cement driveway.
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(Rate!)After Friday’s sell-off, mortgage backed securities are up this morning from Friday afternoon. Some of the key economic releases this week include tomorrow’s home price index and FOMC minutes, Thursday’s ISM and Friday’s August unemployment report.
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