Mortgage Blog

Mortgage Blog

Mortgage Market Update

Mortgage Market Update - July, 26 2013 While mortgage rates have been climbing steadily since last fall, this week we saw a spike in rates that was greater than any movement we have seen all year. In fact, rates jumped about one quarter of a point increasing rates to about 4.5 percent ( 4.59% APR, 20% down

Mortgage Market Update

Mortgage Market Update - June 9, 2013 Anyone who has been watching the stock market lately may feel like they have been on a bit of a roller coaster with the market closing up then closing down. While fluctuations in the market are fairly common, the recent swings are indicative of the uncertainty regarding the current bond-buying

Mortgage Market Update

Mortgage Market Update - May 20, 2013 This past week was especially depressing for those who didn’t lock in their interest rates last week. Unfortunately, this week may not be much better. In addition to a slowly improving economy, there have been rumblings that the Fed may discontinue their quantitative easing (QE) program that is currently keeping

Mortgage Market Update

Mortgage Market Update- May 13, 2013 It should come as no surprise that once again, good news is bad news for the mortgage market. Jobless claims numbers dropped to levels unseen since January of 2008 and ultimately resulted in mortgage rates ticking slightly upward. For new home buyers, this is not good news although rates are

Mortgage Market Update

Mortgage Market Update- May 5th, 2013 There was a great deal of economic data released this week, and the bond markets initially did not move much in anticipation of the jobs report which was due out on Friday. Friday provided a bit of a rude awakening when the jobs numbers were finally released, for two reasons:

Mortgage Market Update

Mortgage Market Update- April 21, 2013 Much of this week was disruptive to the typical news cycle primarily because of the events in Boston on Patriots Day. However, since the financial markets were open there was still a fair amount of activity going on. The net takeaway for the mortgage market this week was a slight

Mortgage Market Update

Mortgage Market Update- April 14, 2013 The bond market was largely stagnant this week in spite of mixed news that probably should have made a difference. Between the release of President Obama’s budget, the saber-rattling of North Korea and the news the Fed may be considering shortening their bond-buying program, many would have expected rates to

Mortgage Market Update

Mortgage Market Update- April 7, 2013 The unanticipated tick down in the unemployment rate should have theoretically been good for the stock market and bad for the bond market. However, one has to dig into the numbers to see why the opposite occurred, that is the stock market fell and the bond market got better for

Mortgage Market Update

Mortgage Market Update- April 1, 2013 This week the bond market was closed to observe Good Friday. However, the economic news from the US and around the globe did not have much of an impact on the bond market in general, leaving rates largely unchanged. Some of the numbers released this past week had little to

Hidden Costs of Home Ownership

There is little doubt that when you are saving money to buy a home, one consideration is the overall cost of the home and what rate of interest you are going to pay. However, there are costs that you may never consider saving for that are important to the overall success of your home buying