Entries by Charlie Christensen

DAILY MORTGAGE RATE UPDATE 06-21-18

Escalating trade war fears are casting a cloud on Stocks, with the Dow Jones now down for the 8th straight day.  Freddie Mac reports that the 30-year fixed-rate mortgage declined this week and has fallen three in the past four weeks. I am recommending locking in the short-term, 30 days out. Longer than that, floating […]

DAILY MORTGAGE RATE UPDATE 06-20-18

Mortgage Rates are near unchanged while Stocks trade in mixed fashion. In housing news, Existing Home Sales fell modestly in May from April due to the ongoing theme of low inventories of homes for sale on the market. The Mortgage Bankers Association reports that home loan rates were unchanged in the latest week and remain […]

DAILY MORTGAGE RATE UPDATE 06-19-18

Ongoing U.S.-China trade issues are sending a chill throughout the U.S. Stock markets today which is boosting Rates. In economic news, May Housing Starts hit a near 11-year high but Building Permits, a sign of future construction, fell for the second straight month. I am recommending floating, but be aware that sentiment can quickly reverse. […]

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 […]