Entries by Charlie Christensen

DAILY MORTGAGE RATE UPDATE 06-18-18

Mortgage Rates begin the week near unchanged, despite lower Stocks. Renewed trade issues between the U.S. and China coupled with rising political tensions in Germany are pushing Stocks lower to begin the week. I am recommending floating as the week unfolds. Motivation comes from working on things we care about.  -Sheryl Sandberg

DAILY MORTGAGE RATE UPDATE 06-15-18

Renewed tariff woes with China are boosting Rates and hurting Stocks so far today. Economic data continues to stream in on the strong side after a solid reading from the Empire Manufacturing Index this morning. I am recommending floating as the week comes to a close. Have a great weekend! Perfection is not attainable, but […]

DAILY MORTGAGE RATE UPDATE 06-14-18

Rates are increasing, due to struggling in response to yesterday’s Fed statement, were able to rebound from the lows upon Fed Powell’s conference and that positive momentum is spilling a bit into this morning. In economic news, May Retail Sales surged from April due in part to the recent corporate and consumer tax cuts. Freddie […]

DAILY MORTGAGE RATE UPDATE 06-13-18

It’s Fed day! The Federal Reserve is expected to raise the short-term Fed Funds Rate when the announcement is made at 2:00 p.m. ET this afternoon. The Mortgage Bankers Association reports that home loan rates edged higher in the latest week but remain historically low. Heading into the Fed statement release I am recommending floating, […]

DAILY MORTGAGE RATE UPDATE 06-12-18

Mortgage Rates are edging lower while Stocks trade in mixed fashion ahead of tomorrow’s interest rate decision from the Federal Reserve. A report out today showed that small business optimism is at all-time highs while consumer inflation month-over-month was somewhat tame. I am recommending locking in the short-term while floating with a 45+ time horizon […]

DAILY MORTGAGE RATE UPDATE 06-11-18

Mortgage Rates begin the risk event filled week slightly lower while Stocks are near unchanged. There are no economic reports due for release today. The two-day Fed meeting kicks off on Tuesday and ends Wednesday with the 2:00 p.m. ET release of the Fed statement. I am recommending locking files that are short-term in nature […]

DAILY MORTGAGE RATE UPDATE 06-08-18

Mortgage Rates begin the day near unchanged, despite some weakness in Stocks. There are no glaring geopolitical headlines nor are there any economic reports to impact the markets today. I am recommending floating those files with 45+ days until closing. Otherwise, locking is prudent. Have a great weekend! The only way to do great work […]

DAILY MORTGAGE RATE UPDATE 06-07-18

Mortgage Rates are near unchanged this morning after the swift decline that took place since prices traded near the 2018 highs early last week. Freddie Mac reports that home loan rates edged lower this week and remain historically attractive. I am recommending locking in the short-term while floating with a view of 45 days out […]

DAILY MORTGAGE RATE UPDATE 06-05-18

Stocks and Rates are near unchanged in the absence of any market moving economic data. The Labor Department reported that job openings in April hit a new series high as the sector continues to strengthen. I am recommending floating brand-new clients with 45+ days to closing. Otherwise, locking is prudent.   Success is no accident. […]

DAILY MORTGAGE RATE UPDATE 06-04-18

Mortgage Rates are starting the week a bit lower weighed down by rising Stock prices. There were no economic reports scheduled for release today and the week’s calendar is on the light side. I am recommending floating brand-new files at least 45+ days until closing. Otherwise locking is prudent. Have a great week! The fruit […]