When historically low home prices meet historically low mortgage rates – what do you get? You get a very affordable home.
Tag Archives | Mortgage Rates
Adjustable rate mortgages see very little change, but fixed-rate mortgages are on the rise and should be capitalized on now!
Mortgage rates dropped slightly from last week, closer to record lows, according to Freddie Mac’s weekly Primary Mortgage Market Survey.
Yesterday we saw uncertainty around Italian elections, which led to a major sell-off in the stock market, and Dow posting it’s worst day of the calendar year.
Ten-year securities snapped after two days of gains, despite speculation economic growth will slow as the Federal Reserve reduces its stimulus efforts.
The rates may not have been as prepared for the long climb up Mount Ratemore as they thought, because this week, the rates are still near the bottom (i.e. historic lows). Chances are they may rally and rise up again, though, so don’t get too comfortable. Word on the street is that they’re calling in the big guns to come and give them a boost. We’ll just have to watch and see what happens.
Mortgage rates remain unchanged from last week’s numbers, remaining near record lows, according to Freddie Mac’s weekly Primary Mortgage Market Survey.
Mortgage rates this week dipped slightly, with only the 30-year fixed mortgage rate holding strong to its spot from last week.
News of increased manufacturing orders in December due today may boost consumer confidence and improve stock market yields.
The bond market is up this morning with the rally being driven by a disappointing unemployment report. There are still lesser economic numbers getting released throughout the day, which has the potential to move the markets.