» News

News



Ukraine Concerns Affect Rates

With a light slate of economic reports this week, the conflict in Ukraine had the greatest effect on mortgage rates. Shifting sentiment about the likelihood of escalation caused some market volatility during an otherwise quiet week. Mortgage rates ended the week a little lower. On Tuesday, a Polish official suggested that Russia is massing troops [...] Read more

GDP and Labor Market Data

In a packed week, the two big economic reports were the main drivers of mortgage rates. The outperformance of the GDP data relative to expectations outweighed the small miss in the Employment report, causing mortgage rates to end the week a little higher. This week's Fed meeting contained no surprises and had little impact. Investors expected that [...] Read more

Existing Home Sales Improve

The conflicts in Ukraine and the Middle East had little impact on markets this week, while the economic data was slightly stronger than expected overall. As a result, mortgage rates ended the week a little higher. The housing data released this week contained mixed news. Fortunately, the good news came from Existing Home Sales, which cover roughly [...] Read more

Conflict in Ukraine and Middle East

Geopolitical events were the primary influence on mortgage rates again this week, while the economic data had little impact. After a quiet weekend, investors were willing to take on a little more risk early in the week. Shocking news on two fronts caused an abrupt reversal on Thursday, however, and mortgage rates ended the week just slightly [...] Read more

Global Concerns Affect Rates

Unexpected events outside the US had the greatest influence on mortgage rates this week. Violence in the Middle East and economic concerns about Europe caused investors to shift to safer assets, helping mortgage rates. Bond friendly comments from the Fed added to the improvement, and mortgage rates ended the week lower. During periods of [...] Read more

Job Gains Surge

The big story this week was that job gains in June were significantly higher than expected. Since faster economic growth adds to future inflationary pressures, though, this was negative for mortgage rates, which ended the week higher. Against a consensus forecast of 210K, the economy added 288K jobs in June, and the figures for April and May were [...] Read more

Q1 GDP Surprise

It was another good week for mortgage rates. Weaker than expected economic growth data and increased concerns about Iraq were favorable for mortgage rates. These factors outweighed the negative impact of improving data in the housing sector, and mortgage rates ended the week a little lower. The biggest surprise this week took place when first [...] Read more

Many Factors Affect Rates

Mortgage rates were influenced by a wide range of factors this week, resulting in a good deal of volatility. Violence in Iraq, comments from the Bank of England, divergent US Treasury auction results, and mixed US economic data all had an impact this week. Overall, the unfavorable news slightly outweighed the favorable, and mortgage rates ended [...] Read more

< 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 >
Copyright © 1999 HomeLoan123.com. All Rights Reserved.