Friday, February 16, 2018

Mortgage Rates are lower as they try to build on yesterday's gains.

In economic news, Housing Starts in January rose nearly 10% from December to the highest level in more than a year. The big gains come despite the recent rise in home loan rates though they still remain historically attractive.

I am recommending floating heading into the long holiday weekend. 


Have a great weekend!



“America was built on courage, imagination, and an unbeatable determination to do the job at hand.”    -President Harry Truman





Thursday, February 15, 2018

Mortgage Rates are modestly lower this morning after yesterday's decline. 

In economic news, wholesale inflation was a bit hotter than expected while the NAHB Housing Market Index remained at lofty levels.

Freddie Mac reported that home loan rates increased once again this week though they remain historically low.

I am recommending floating as long as Mortgage Bond prices can remain positive. Have a good day!



The Daily Extra: Act Your Age? Nah.

In 1965, at age fifty-nine, Satchel Paige pitched in his last Major League Baseball game for the Kansas City Athletics. In his honor, owner Charles O. Finley furnished the bullpen with a rocking chair. 

Wednesday, February 14, 2018

Hotter-than-expected inflation from consumer prices pushed both Stock and Bond prices lower and Mortgage Rates higher this morning though Bonds are off their worst levels, while Stocks have turned positive.

The Mortgage Bankers Association reports that home loan rates rose to their highest level in four years though they still remain historically low.

With Mortgage Bond prices at such low levels, I am recommending floating. However, sentiment can quickly reverse in this environment.



The Daily Extra: 

St. Valentine's Day falls on February 14th of each year. Although the name is SaintValentine's Day, most people refer to the day as Valentine's Day, or even the Feast of Saint Valentine. It was originally a day to celebrate Saint Valentinus, who performed weddings for soldiers who were not allowed to marry.

Tuesday, February 13, 2018

Mortgage Rates are near unchanged as volatility, for now, dies down a bit after last week's roller coaster ride.

There are no economic reports due for release today but small business optimism grew in January with expansion plans at record high levels.


Due to the recent plunge of Mortgage Bond prices and being at four-year lows, I am recommending floating brand new files. 


The Daily Extra: Did You Know?

In just one day, hurricanes produce enough energy to power the million of lights in Las Vegas for many years. 

Monday, February 12, 2018

Mortgage Rates are higher again to start the week as Stocks rebound higher.

There were no economic reports scheduled for release today but the rest of the week's calendar will bring data from housing, manufacturing, inflation and Consumer Sentiment.


I am recommending locking to begin the week. Have a great week!


The Daily Extra: 

You can't always choose the path that you walk in life, but you can always choose the manner in which you walk it. -Jon O'Leary (inspirational speaker)

Friday, February 9, 2018

Mortgage Rates are modestly higher as the volatile week comes to a close.

There were no economic reports due for release and the markets are relatively calm this morning.

I am recommending locking in this volatile environment. 


Have a great weekend!


The Daily Extra: Fun Fact

Levi Strauss , a Bavarian immigrant who went to San Francisco during the Gold Rush, made his first pair of "jeans" out of canvas. 

Thursday, February 8, 2018

A bearish cloud still hovers above the U.S. Bond Markets. Mortgage Rates are higher again this morning though they still remain historically low.


I will continue to recommend locking until such time I can see some stabilization take place from falling Bond prices. 


The Daily Extra: Wacky Weather

Did you now that lightning strikes about 100 times each second, with about 1,800 thunderstorms in progress over Earth's surface at any given time?

Wednesday, February 7, 2018

After several days of extreme volatility in Stocks and Bonds, Mortgage Rates are modestly lower while Stocks are well into positive territory.

The Mortgage Bankers Association reports that mortgage rates rose in the latest week and are at the highs seen in April 2014. However, rates still remain historically attractive.

I am recommending locking as Mortgage Bonds are still on shaky ground. 


The Daily Extra: By the Number

1 in 12,000: The odds of making a hole in one during a game of golf.


Tuesday, February 6, 2018

Mortgage Rates are higher as the volatility in the U.S. markets continues today.

There were no scheduled economic reports due for release today. 
The Treasury will sell a boatload of 3-year Notes today, results at 1:00 p.m. ET which could impact trading.

Given the extreme volatility in the markets and the uncertainty it carries, locking is recommended. 


The Daily Extra: Fun Fact

During Andrew Jackson's presidency in the 1830's, the United States' White House lawn was home to a milk cow. 



Monday, February 5, 2018

Mid-day update: With the selloff in the stock market, their is a flight to quality in the bond and treasury markets. As a result, rates are improving for now...

Mortgage Rates are near unchanged and stocks are lower but are now off their worst levels.

Last week both the Mortgage Bankers Association and Freddie Mac reported that home loan rates edged higher but are still at historically attractive levels. I am recommending floating. 


Have a great week!



The Daily Extra: Did you know?

Seemingly fluffy, airy clouds are actually quite heavy. The water droplets forming a small cumulus cloud weigh more than a mid-size car. 

Friday, February 2, 2018

Higher wage growth is pushing Mortgage Rates higher as the week comes to an end. In addition, more jobs were created in January than what was expected.

Home loan rates edged higher this week though they remain historically attractive.

With the Jobs Report behind us, floating is recommended. 


Have a great weekend!


The Daily Extra: 

To clean a sink drain put 1/2 cup (125 ml) baking soda down the drain then flush with hot water. 

Thursday, February 1, 2018

Mortgage rates are near unchanged and at the highs seen in March 2017.

Stocks are lower after the Fed painted a rosy picture of the economy, which could lead to increased rate hikes in 2016.

Heading into tomorrow's Jobs Report for January, I am recommending floating. 


The Daily Extra: 

Not all those who wander are lost. -J.R.R. Tolkien 

Wednesday, January 31, 2018

Mortgage rates are modestly higher this morning ahead of the 2:00 p.m. ET release of the Fed's monetary policy statement.

In economic news, ADP Private Payrolls in January came in higher than expected and comes ahead of Friday's government Jobs Report.

Heading into the Fed statement, I am recommending floating.


The Daily Extra: Act Your Age? Nah.

Astronaut John Glenn was seventy-seven when the Space Shuttle Discovery launched in 1998, making Glenn the oldest person ever to travel in space. 

Tuesday, January 30, 2018

Mortgage rates are slightly higher despite a big decline in the major Stock indexes.

In housing news, low inventories continue to fuel higher home prices across the nation.


Heading into tomorrow's Fed statement, floating is recommended for new clients.


Monday, January 29, 2018

Chatter of less Quantitative Easing from central banks around the globe pushes mortgage rates sharply higher again today.

In economic news, inflation remained somewhat tame in December, while Personal Income and Spending matched expectations.


With rates on the rise with seemingly no ceiling of resistance, I am recommending locking. Have a great week!




The Daily Extra: Little Mood Boost

Studies show that chewing gum can boost mood, reduce stress, and increase alertness.