The Fed’s announced they will not taper bond purchases yesterday, and mortgage rates fell quickly. The Primary Mortgage Market Survey shows how much they fell.
After weeks of ups and downs, the primary mortgage market survey shows us that rates have leveled out this week leaving those looking to purchase or refinance a small window of opportunity. Read all about it in this week’s PMMS report.
Rates have risen across the board, with the 30- and 15-year fixed rates roughly where they were two weeks ago. This is unfortunate for first time home buyers or those looking to refinance, but a good indicator for the U.S. economy and the fortune-telling future of line graphs. But because rates have risen, mortgage rate wolf has disappeared. Will he return? No one knows, but we’ll discuss the raw numbers from Freddie Mac anyways.
The mortgage process can be time consuming due to documents that have to be returned to the lender, like W-2s from the last two years, veteran eligibility documents or bank statements. Locked rates can expire because of this long process, so here are ways that you can speed it up and not stress out.
Amid Fed taper confusion, rates have dipped slightly this week, but the primary mortgage market survey comes with a sign. What does it all mean? Read on to find out!
Once you’ve chosen a lender and your mortgage product is decided, you need to lock into an interest rate based on the market at that particular time. It’s important to lock in your rate because the market is always changing and rates can easily go up. It’s a guessing game that most people don’t want to play.
After an unclear statement on bond tapering from the Fed, mortgage rates reacted by jumping higher. By how much? Read this week’s Primary Mortgage Market Survey to find out.
Today is a slow economic news day with the Chicago Fed Index out at 8:30 a.m. and the Redbook out at 8:55 a.m. Most investors are waiting for the FOMC minutes to be released tomorrow.
After weeks of sporadic movements, mortgage rates are at a steady level for now. See how affordable the rates are in this week’s Primary Mortgage Market Survey.
After weeks of ups and downs, mortgage rates have reached calm waters for the week. What does it mean for your finances? Read more in this week’s primary market mortgage survey.