RATE MARKETS HEAD LOWER ON EXTREME VOLATILITY
Markets are started today with more selling in stock indexes and better interest rates. At 8:30 am ET Jan personal income and spending; income increased +0.6% on forecasts of +0.4% (Dec…
RATE MARKETS MOVING LOWER AS CORONAVIRUS CONCERNS SPIKE
TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real…
RATE MARKETS ARE LIKELY IN FOR A WILD RIDE THIS WEEK
THIS WEEK’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded…
MARKET FOCUS: CORONAVIRUS, MANUFACTURING, AND HOME SALES
The coronavirus is spreading and now getting more attention in the global economic outlook. Until the last couple of the days, the virus was thought to be contained mostly in China…
‘REMODELIRIUM’: KEEPING HOME RENOVATION COSTS UNDER CONTROL
2019 was a massive year for remodels — especially the big-ticket variety. With refinance rates near record lows, many homeowners stayed put instead of looking for greener or smaller pastures….
How to Stop Unwanted Solicitation After Mortgage Application
The Truth about Trigger Leads The first step in obtaining a mortgage is always going through the application process. You’ve found the broker you want to use and fill out…
TODAY’S MORTGAGE RATE SUMMARY
HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in…
JOB NUMBERS SHOW A BIG INCREASE IN THE CONSTRUCTION TRADES
The latest jobs report indicates that nonfarm payroll employment rose by 225,000 in January, shattering market expectations of 165,000. The real surprise, however, was the growth of construction-related jobs, which…
Refinances Jump And Mortgage Delinquencies Reach A Record Low
___ Published Date 2/12/2020 Rates are a little higher this morning for the 10 yr note; 1.63% +2 bps. Late yesterday, similar to Monday, there was some selling in Treasury’s after…
Four Simple Rules For a Good Credit Score
Everyone knows that credit scores can be confusing; how they are calculated, what goes into them, why they change, etc. There are constant inquiries from frustrated loan officers and borrowers…
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