Wall Street continued its flight-to-quality last week. Mortgage-backed bonds are now at their best levels since early-February. Mortgage rates have improved 4 straight weeks.
What’s Ahead For Mortgage Rates This Week : March 14, 2011
Category: Weekly Review
What’s Ahead For Mortgage Rates This Week : February 28, 2011
Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly.
What’s Ahead For Mortgage Rates This Week : February 22, 2011
For just the second time in 2011, conforming mortgage rates fell on a week-to-week basis.
What’s Ahead For Mortgage Rates This Week : February 14, 2011
According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.
What’s Ahead For Mortgage Rates This Week : February 7, 2011
Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.
What’s Ahead For Mortgage Rates This Week : January 31, 2011
Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall.
What’s Ahead For Mortgage Rates This Week : January 24, 2011
Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.
What’s Ahead For Mortgage Rates This Week : January 18, 2011
Mortgage markets worsened last week on a turn-around in sentiment across the Eurozone. The sort of “safe haven” buying that had buoyed mortgage bonds since the New Year dissipated, and mortgage rates resumed climbing.
What’s Ahead For Mortgage Rates This Week : January 10, 2011
Mortgage markets gained last week. Demand for mortgage-backed bonds outweighed supply and conforming and FHA mortgage rates edged lower.
What’s Ahead For Mortgage Rates This Week : January 3, 2011
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. This week, it’s back to normal.