» News

News



Retail Sales Stall

The most significant economic report released over the past week, retail sales, fell far short of expectations, which was good for mortgage rates. A decline in bond yields overseas also helped, and mortgage rates ended the week lower. After several months of strong readings, Friday's retail sales data fell far short of expectations. Excluding the [...] Read more

ECB Holds Steady

Thursday's European Central Bank (ECB) meeting was viewed as negative for U.S. mortgage rates. The economic data released this week had little impact. As a result, mortgage rates ended the week a little higher. Some investors were disappointed by Thursday's decision by the ECB to make no change in monetary policy. To help ease the impact of the [...] Read more

Stocks Rally, Rates Rise

Investors showed a preference for stocks over bonds this week. The economic data had little impact. As a result, mortgage rates ended the week a little higher. With long-term bond yields at or near record low levels following the Brexit vote on June 23, investors decided this week that stocks had become relatively more attractive than bonds. [...] Read more

Strong Job Gains

Over the past week, investors continued to seek the safety of U.S. bonds in the wake of the British vote to exit the European Union. This added demand offset stronger than expected U.S. economic data, and mortgage rates ended the week at the best levels in years. In May, the economy added just 11,000 jobs, the lowest level since September 2010. [...] Read more

Stocks and Rates Improve

The British vote to exit the European Union remained the primary influence on U.S. financial markets over the past week. U.S. stocks have recovered their losses, while mortgage rates have continued to improve. As a result, mortgage rates ended the week at the best levels in years. Following the British vote on June 23 to exit (Brexit), it has been [...] Read more

UK Votes to Exit

A shocking British vote to exit the European Union sent both stocks and mortgage rates much lower on Friday. The other economic news had little influence. As a result, mortgage rates ended the week lower, near the best levels since early 2015. While the final polls ahead of the vote were close, the vast majority of investors expected the UK to [...] Read more

Rates Near Multi-Year Lows

Central bankers were the main influence on mortgage rates over the past week. The economic data caused little reaction. Mortgage rates ended the week lower, near the best levels in several years. In a speech on Monday, Fed Chair Janet Yellen discussed the disappointing Employment report seen in May. Yellen warned against reading too much into one [...] Read more

Disappointing Job Gains

The major economic news over the past week was positive for mortgage rates. This included weaker than expected U.S. economic data, dovish ECB comments, and increased concerns about the UK leaving the EU. As a result, mortgage rates ended the week lower, near the best levels of the year. The important monthly jobs report released on Friday was a [...] 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.