Recent Articles
Apr
26
2019
26
2019
GDP comes in stronger than expected; until you actually read the report
This morning the advance GDP for the first quarter was released showing 3.2% growth, much higher than expectations of 2.1%. That is the headline. It initially caused mortgage rates to move up this morning. However, that quickly reversed and are rates are now improving as markets take a deeper...
This morning the advance GDP for the first quarter was released showing 3.2% growth, much higher than expectations of 2.1%. That is the headline. It initially caused mortgage rates to move up this morning. However, that quickly reversed and are rates are now improving as markets take a deeper...
Apr
03
2019
03
2019
Mortgage rates rise on trade optimism
Mortgage rates coming under some pressure the past few days, consolidating some of our recent gains. Optimism of a trade deal with China and strong economic data are driving the increase. This Friday we get all the March job/employment data. Because there has been so much talk about...
Mortgage rates coming under some pressure the past few days, consolidating some of our recent gains. Optimism of a trade deal with China and strong economic data are driving the increase. This Friday we get all the March job/employment data. Because there has been so much talk about...
Mar
21
2019
21
2019
How low can they go?
How low can they go? Rates are doing the Limbo and the bar keeps getting set lower after the Fed meeting yesterday where the Fed remains accommodative to the markets. The Fed lowered the outlook on rate hikes for 2019 to zero hikes, and 2020 to maybe one hike. More importantly,...
How low can they go? Rates are doing the Limbo and the bar keeps getting set lower after the Fed meeting yesterday where the Fed remains accommodative to the markets. The Fed lowered the outlook on rate hikes for 2019 to zero hikes, and 2020 to maybe one hike. More importantly,...
Mar
14
2019
14
2019
No news is good news for mortgage rates
As we near the end of the first quarter for 2019, rates remain neutral. There has been very little movement since the beginning of the year in mortgage rates. Delays on the pressing issues are helping to keep rates unchanged. The anticipated trade meeting with China has...
As we near the end of the first quarter for 2019, rates remain neutral. There has been very little movement since the beginning of the year in mortgage rates. Delays on the pressing issues are helping to keep rates unchanged. The anticipated trade meeting with China has...
Mar
04
2019
04
2019
Mortgage update for March 4th 2019
Mortgage rates are starting to feel a little pressure upward after really no movement since the beginning of the year. This is a key week with a lot of economic news being released. Last week we received the release of the GDP for 4th quarter that showed growth at 2.6%, which is...
Mortgage rates are starting to feel a little pressure upward after really no movement since the beginning of the year. This is a key week with a lot of economic news being released. Last week we received the release of the GDP for 4th quarter that showed growth at 2.6%, which is...