A Truly Uncanny Week For Mortgage Rates

Thanks to Lin Takrudtong and his team for their efforts on our recent mortgage. Lin’s responsiveness working around our busy schedules was priceless. Lin was always accessible and I appreciated the time he always took to explain everything. He made the mortgage process easy and it’s the reason we are a repeat customer.

Mortgage Rates Hold Steady at 3-Week Lows. Mortgage rates stayed steady at the lowest levels in more than 3 weeks as financial markets are still accounting for additional risks relating to Turkey. Simply put, Turkey is in the midst of a debt/currency/banking crisis and investors are worried about.

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September 24, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.74 percent with an APR of 3.86 percent.

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Mortgage rates continue to drop 2013-08-16  · There’s a debate raging whether one should include their primary residence or not as part of their net worth calculations. In my post, “The First.

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A Truly Uncanny Week For Mortgage Rates : Weekly Newsletter: Mar 09, 2018 7:53 PM ET Last week ended with rates running into a floor following the Trump’s steel and aluminum tariff announcement. financial markets viewed that as economically negative. Stocks and rates moved lower as a result.

Mortgage rates move higher in the freddie mac primary mortgage Market Survey. The Freddie Mac PMMS got released a few moments ago and, unsurprisingly, it showed that mortgage rates jumped up from the week before. Here are the numbers: The average rate on a 30-year fixed rate mortgage moved up seven basis points to 4.03% (0.5 point)

Mortgage Rate Trends: Weekly Market Commentary & Forecast. Relative to last year or even earlier this one, an acceleration in spending is evident, with retail sales now rising by 6.4% over the last 12 months, up from just a 3.9% pace as recently as January. Core retail sales are cruising along at a solid 5.4% clip.

Here’s proof: Over the last two decades, the Fed Funds Rate and the average 30-year fixed rate mortgage rate have differed by as much as 5.25%, and by as little as 0.50%. If the Fed Funds Rate were truly linked to U.S. mortgage rates, the difference between the two rates would be linear or logarithmic – not jagged.