Mortgage rates have a number of influences helping to keep them down at the moment. The Federal Reserve’s policy of lengthening the term of its portfolio of holdings (“Operation Twist“) is pushing influential long-term interest rates lower, and their policy of re-investing proceeds of retiring mortgages into new mortgage purchases keeps a steady buyer in the market, also leveling and lowering mortgage rates. That said, it is unclear if the Fed will feel the need to start a new program (QE3) when OpTwist comes to a close in June. Click on link for entire article….
Category: Mortgage Rates
Two-Month Mortgage Rates and Market Forecast
Mortgage rates have now risen for the second week in a row. Yet despite the increase, mortgage rates remain near record lows.
“Economic news continues to brighten, pushing mortgage rates upward somewhat,” said Keith Gumbinger, vice president of HSH.com. “But despite the increase this week, there are few reasons for rates to continue to climb.” Click below for the entire article.
Mortgage rates rise for second straight week .
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Rates on the most popular types of mortgages moved higher, snapping a 10-week streak of record-setting rate declines, according to HSH.com’s Weekly Mortgage Rate Radar.
“The economic news over the past week was less bleak than what we’ve become accustomed to,” explained Keith Gumbinger, vice president of HSH.com. “A few good days for stocks came at the expense of bonds and mortgages.”
Still, this minor rate increase doesn’t change the mortgage picture by much, Gumbinger said. “Even with this small rise, mortgage rates are still at fantastic and near record-low levels.” Click below for more information…….
Rate rise ends 10-week streak of record-setting lows.
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- Why Mortgage Rates Are Rising (usnews.com)
- 30-year mortgage rate jumps to 4.12% (marketwatch.com)
Mortgage rates set ALL NEW record low – Click for more information.
Fifty five years just isn’t as long as it used to be.
You would think that 55-plus year lows for mortgage rates would come around, well, every 55-plus years or so. As it turns out, that’s not exactly so; in these unusually difficult economic times, perhaps 55 years just isn’t as long as it used to be.
Mortgage rates set new ALL NEW record lows
Has it gotten any easier to get a mortgage?
Fresh record lows for mortgage rates are great, for those who can access them…………..
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- Don’t Believe These 3 Mortgage Myths (moneyning.com)
- Falling mortgage rates, foreclosures, scams…just another week (hsh.com)
- What’s Ahead For Mortgage Rates This Week : August 22, 2011 (clewismortgage.wordpress.com)
Great Window of Opportunity – Click for more information
You may have heard that home loan rates have improved and are back down to near historic levels. In fact, I’ve been slammed with emails and phone calls from people just like you who wanted to take advantage of this wonderful situation……..
But you need to keep the following in mind…
Click here – Latest Mortgage Rates and Market News
– Weekly Recap
- New HAMP tool could lead to more modifications
- You can still be on the hook if your ex doesn’t pay the mortgage
- Rising mortgage rates shouldn’t block a real estate recovery
- “Show me the BuildFax!”
- Lower loan limits will hurt home values
- Minor aid for mortgage rates coming to an end
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- Buyers: cash in on these conditions before competition returns (visionaryrealtynews.com)
- Mortgage Rate Predictions for the Next Two Months (jvitto.wordpress.com)
Click here for more information – Mortgage rates hit new record low in 2011 
With another week in the books, it is even more evident how closely the movement of mortgage rates is tied to our nation’s economy. A few months back, it seemed as though by now inflation would be a major indicator that would influence the direction of mortgage rates. While that may still be true looking forward, for the time being, the nation’s economy can’t seem to catch a break, further pressuring mortgage rates down to a new 2011 low last week.
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- Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks. (clewismortgage.wordpress.com)
- We were right about mortgage rates remaining “fantastic” (hsh.com)
- What’s Ahead For Mortgage Rates This Week : June 13, 2011 (clewismortgage.wordpress.com)
Click here – A stumbling economy brings lower mortgage rates 
No matter the product, mortgage rates are down
But by now most of us are aware of the economy’s persistent issues preventing the real estate market from being anything close to busy, or in other words, normal. Unfortunately for the masses, it is fairly clear that the economy has officially downshifted from a reasonable growth rate at the end of 2010, and present trends don’t suggest any imminent uptick.
That said, do not be one of those borrowers who miss your best opportunity to lock in a low rate because you waited too long on the sidelines for mortgage rates to fall. Mortgage rates always rise faster than they fall, so even a minor economic blip could cause rates to shoot upwards.
If you’re ready, act now!
When will the real estate downturn end? According to a new study by RealtyTrac and Trulia, most Americans surveyed believe that a market which has been in the dumps since April 2007 is likely to remain depressed until 2014. That would mean a seven-year drought on the real estate front, something truly of biblical proportions.
Recovery ahead, says public…but not until 2014, click for entire article
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- Existing-Home Sales in U.S. Decrease 0.8% to 5.05 Million Pace (businessweek.com)
- A Year in Foreclosures: Bank-Owned Properties (mint.com)
May 2011 -The Outlook – click for more information
While the economy continues to expand, there were a few signs of weakness over the past month. Specifically, initial claims for weekly unemployment benefits moved back over 400,000 in each of the four full weeks of April – ending the month at 474,000. This is the highest level since last August, and is a clear reversal of the downtrend since that time.
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- Your Last Chance to Refinance Your House, Ever! (247wallst.com)
- What is Private Mortgage Insurance? (doorfly.com)
