Mortgage Daily- 6 Tips for Finding a Mortgage Lender January 17, 2023Shop Around for the Best Rates: One of the most important things to consider when finding a mortgage lender is the interest rate they offer. Be sure to shop around and compare rates from multiple lenders to ensure that you are getting the best deal possible. Check Their Reputation: Before working with a mortgage lender, […]
- 10 Tips When Selling Your Home December 26, 2022Price your home appropriately. Setting the right price is crucial to attracting buyers and getting a good return on your investment. Work with a real estate agent to help you determine the best price for your home. Stage your home to appeal to buyers. This can include decluttering, deep cleaning, and making any necessary repairs […]
- 7 Refinance Strategies December 26, 2022Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term: Refinancing to a shorter loan term, such as 15 […]
- 11 Tips on Looking for a Home December 26, 2022Determine your budget and how much you can afford to spend on a home. This will help you narrow down your options and ensure that you don’t overextend yourself financially. Make a list of your must-have features and amenities. This could include things like the number of bedrooms and bathrooms, a garage, a yard, or […]
- What Type of Mortgage Should I Choose? December 26, 2022There are several factors to consider when choosing a mortgage, including the type of loan, the terms of the loan, and the interest rate. Here are some tips to help you make an informed decision: Determine your budget and how much you can afford to borrow. This will help you narrow down your options and […]
- 6 Tips for Finding a Mortgage Lender January 17, 2023
- Mortgage Rates Newsletter – Market Analysis
- Why Did Rates Completely Ignore This Week's Bad News? November 5, 2021This week, the Fed announced a reduction in its bond buying. In separate news, the big jobs report was much stronger than expected. Both of these events should have pushed rates higher. So why didn't they? Let's start with the Fed and its bond buying adventures (also known as QE or "quantitative easing"). The following […]
- Mortgage Rates Started Flat, But Moved Lower During The Day November 4, 2021Mortgage rates fell today as markets decompressed following yesterday's announcement from the Federal Reserve regarding the reduction of its bond buying efforts (aka "tapering"). Despite the proximity to Fed day, markets were more inspired by another central bank today: the Bank of England (BOE). The BOE had its own policy announcement early this morning. Unlike […]
- Minimal Damage For Mortgage Rates Following Fed November 3, 2021Mortgage rates moved higher today after the Federal Reserve announced a reduction in its rate-friendly bond buying program. Actually, to be fair, rates moved higher before the Fed made that announcement, and largely for other reasons. The biggest issue today was, in fact, a widely followed report on the service sector (ISM Non-Manufacturing PMI) which […]
- Another Good Day For Rates, But Tomorrow is Anyone's Guess November 2, 2021Mortgage rates began the day moderately lower compared to yesterday's latest levels. The size of the move depends on the time of day in question due to intraday movement in the bond market. Simply put, bonds improved steadily from the beginning of the day yesterday and ultimately peaked around 11am today. In general, bond market […]
- Mortgage Rates Catch Up To Last Week's Market Movement (That's a Good Thing) November 1, 2021Mortgage rates moved moderately lower today despite an absence of significant movement in the bond market. In general, when bonds improve, rates fall (and vice versa), but it's not feasible for mortgage lenders to adjust their rates offerings in relative real-time as bonds can send massively mixed signals on any given day. Last Friday was […]
- Don't Fear The Taper October 29, 2021For anyone following interest rates very closely in 2013, the taper tantrum is not easily forgotten. It describes the bond market's knee-jerk response to the realization that the Federal Reserve would be winding down its bond purchase program. With the Fed almost certain to make a similar announcement next Wednesday, should we be scared yet […]
- Mortgage Rate Mini-Winning Streak Comes to an End October 28, 2021Mortgage rates finally ended this week's winning streak today. In light of the general upward trend in rates over the past month, bond yields (which tend to correlate with mortgage rate movement) made it to surprisingly low levels as of yesterday afternoon. Mortgage lenders responded by dropping rates to the best levels in nearly 2 […]
- Mortgage Rates Hold Steady Near Multi-Month Highs October 20, 2021Mortgage rates began moving off longer term lows in early August and that trend has continued ever since. The September 22nd Fed Announcement (and press conference with Fed Chair Powell) served as a jumping-off point for additional volatility and upward momentum. In contrast, October has generally seen rates rise at a more gradual pace. On […]
- Highest Rates in Months October 18, 2021Mortgage rates had a mixed showing last week. They started out high before improving through Thursday. Finally, they took a step back up on Friday. Now at the start of the new week, the upward momentum is continuing. The bond market was much weaker in overnight trading, and weaker bonds mean higher rates, all other […]
- No, Mortgage Rates Are Not "Sharply Higher" This Week October 14, 2021Mortgage rates fell today as a majority of lenders finally got caught up with the past few days of strength in the bond market. Lenders rely on bonds--specifically mortgage-backed securities (MBS)--to determine where to set mortgage rates. Bonds are constantly on the move, but lenders prefer to just set mortgage rates once per day, […]
- Why Did Rates Completely Ignore This Week's Bad News? November 5, 2021