Current Mortgage Rates
It has been a brutal few months.
Since seeing a low of 4.23% in October’s Freddie Mac report, we’d reached as high as 5.05% in the February 10th survey.
Yesterday’s results posted a rate of 4.88%, a modest .17% recovery in the past month.
What’s NOT in the survey may be more important. Current mortgage [...]
What a difference a few months can make.Home loan rates have been on the rise since the announcement of the Fed’s QE2 policy, but what does that really mean?
In the big picture, it means that the Fed is printing about $600 billion to stimiluate the economy. That, by definition, is inflationary. Inflation means higher [...]
Freddie Mac’s PMMS is due out tomorrow. Last week’s results came in at 5.05% for the 30 Year Fixed.
Last week’s rates were dominated by an absolutely brutal Tuesday trading session that significantly influenced the survey’s results. Since then, Wednesday and Thursday were a wash, +28bps and -25bps, respectively. We’ve then been on a Friday-Tuesday tear [...]
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