Mortgage Rates
What’s Ahead For Mortgage Rates This Week : October 5, 2009
October 5, 2009 by jberman · Leave a Comment
Mortgage markets rallied for most of last week, but ended Friday on a sour note. After touching their lowest levels since Memorial Day, mortgage rates spiked to close out the week. Despite pricing getting worse by 1/4 percent Friday afternoon, however, mortgage rates still managed to fall for the second consecutive week. There were two main [...]
Understanding The Federal Reserve Statement (September 23, 2009 Edition)
September 23, 2009 by jberman · Leave a Comment
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. It also reiterated plans to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the U.S. economy is “picking up following its severe downturn” and that financial markets [...]
Should You Lock Your Mortgage Rate In Advance Of Tomorrow’s Federal Reserve Announcement?
September 22, 2009 by jberman · Leave a Comment
The Federal Open Market Committee starts a 2-day meeting today in Washington. The scheduled get-together ends at 2:15 PM ET Wednesday after which the FOMC will issue a press release to the markets. Consider locking your mortgage in advance of the press release. The FOMC meets 8 times annually and its adjournments are among the biggest [...]
What’s Ahead For Colorado Mortgage Rates This Week : September 21, 2009
September 21, 2009 by jberman · Leave a Comment
After improving in the two prior weeks, mortgage markets finished last week unchanged overall. Mortgage rates were down early in the week but managed to give up all of their gains late-Friday afternoon. It’s the same volatility variety we’ve seen in most weeks this year. Markets moved on to both positive- and negative-type news last week. [...]
Ben Bernanke Leaves Clues About The Future Of Mortgage Rates
September 16, 2009 by jberman · Leave a Comment
On the 1-year anniversary of the Lehman Brothers collapse, Fed Chairman Ben Bernanke said Tuesday that the “recession is very likely over at this point”. His comments were supported by a Retail Sales report for August that was much better-than-expected. Equities improved on the day, mortgage markets worsened, and home affordability suffered. The days of ultra-low [...]
