» News

News



US Strong, Japan Not So Much

This week, economic data outside the US had a greater influence on mortgage rates than relatively strong domestic data. Economic growth around the world continued to fall short, and this helped mortgage rates end the week a little lower. A big miss this week was reported in Japan. Third quarter Japanese GDP declined at an annualized rate of 1.6%, [...] Read more

Job Openings Remain High

The economic news this week contained few surprises. The major data, the US Retail Sales report and third quarter Eurozone Gross Domestic Product (GDP), came in very close to expectations. As a result, mortgage rates ended the week with little change. One other US report released this week has been gaining in prominence since Fed Chair Yellen said [...] Read more

Job Gains Remain Strong

The main story this week was the important monthly Employment report, which showed that wage inflation remains low. The European Central Bank (ECB) made no change in policy and had little impact on US markets. After a quiet four days, Friday's Employment data caused mortgage rates to improve and end the week a little lower. Against a consensus [...] Read more

Fed Ends Bond Purchases

The most closely watched economic news this week was Wednesday's Fed meeting. The FOMC statement was a little more upbeat about the economy than expected, as the Fed upgraded its assessment of the performance of the labor market. This was unfavorable for mortgage rates, but the reaction was small, and mortgage rates ended the week just a little [...] Read more

Mortgage Markets Calmer

After a couple of highly volatile weeks, there were few price swings in mortgage rates this week. With no major surprises in the economic data and little new information from central bank officials, mortgage rates ended nearly unchanged from last week. One reason that mortgage rates remain near the best levels of the year is low inflation. The [...] Read more

Week Marked by Volatility

It was a volatile week in the financial markets and wild swings in stock prices caused equally wild swings in MBS prices and mortgage rates. The net result was favorable for mortgage rates, which ended the week marginally lower once again, and they now stand at their lowest level since June 2013. Concern about economic weakness in Europe, China, [...] Read more

US Growth on Track

While the US economy continues to show moderate growth, this week investors grew more concerned about the pace of economic growth outside the US. As a result, they shifted assets to bonds at the expense of stocks, which helped mortgage rates end the week a little lower. Europe is still struggling to recover from the financial crisis and is at risk [...] Read more

Big Events Ahead

Sandwiched between weeks containing the highest level of significant economic events, investors took a breather this week. In addition, the economic data released this week contained few surprises. As a result, mortgage rates ended the week with little change. Between last week's Fed meeting and next week's European Central Bank (ECB) meeting and [...] Read more

< 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 >
Copyright © 1999 HomeLoan123.com. All Rights Reserved.