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It was a complex week in the world of mortgage rates and housing markets. Complexity often creates inconsistent news coverage. At best, most of the coverage fell short. At worst, some of it was downright wrong. Let's clear things up! Last week's newsletter covered...
This week's key story was the big spike in interest rates. Is it something that deserves our attention? Certainly! That's why we give rising rates plenty of attention week after week. That having been said, is it the end of the world for the housing market? ...
The US withdrawal from the Iran nuclear deal dominated the news this week. This will arguably impact rates, albeit in a subtle, roundabout way. The housing market won't care much, but it's not without its own challenges. Interest Rate Considerations It takes a bit of...
Do the President's tweets really move rates? Of course that's going to depend on what he says, so let's take a look at this week specifically. Tweets relating to missiles, Syria, and Putin played a central role in this week's market movement. At times, they seemed...
There were two key considerations for financial markets this week: Fed Chair Jerome Powell's first congressional testimony, and the announcement of new trade tariffs by the White House. Both caused volatility for interest rates in the short term and raised questions...
by: Matthew Graham Mortgage Rates Back to 2014 Lows Bozeman Home Loan Mortgage Rates Dec 10 2014, 3:59PM Mortgage rates moved only slightly lower today, but it was enough to bring the end-of-day average to the lowest in more than a year an a half. For the record,...
I get a lot of questions from customers regarding what they've read on the internet or seen on TV regarding interest rates. Today a customer asked me "I saw that 30 year fixed rates are 3.75%, why is my rate 4%?" Well, there are a lot of factors that go into deriving...
by: Matthew Graham Mortgage Rates Improve Ahead of Important Jobs Data Dec 4 2014, 3:47PM Mortgage rates recovered some recently lost territory today following a press conference with European Central Bank (ECB) President Mario Draghi. While domestic mortgage rates...
by: Matthew Graham Mortgage Rates Continue to New November Lows Nov 17 2014, 3:42PM Mortgage rates moved moderately lower again today, setting another new low for the month of November. That said, the movement has been primarily restricted to the upfront costs...
GoPrime Mortgage, Inc. is a mortgage lender. NMLS ID # 69551. Arizona Mortgage Banker License No. 0942646. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. For licensing information, go to: www.nmlsconsumeraccess.org. Not licensed in all states.
