Entries by Charlie Christensen

DAILY MORTGAGE RATE UPDATE 07-31-18

Mortgage Rates are flat to modestly higher being supported by tame inflation data for July. In economic news, housing prices continue to increase while Consumer Confidence hit its second-best level for the year in July. Ahead of tomorrow’s monetary policy statement from the Federal Reserve, I am recommending floating. Every great inspiration is but an […]

DAILY MORTGAGE RATE UPDATE 07-30-18

Mortgage Rates begin the risk-event-filled week modestly lower giving up Friday’s meager gains. The week features the two-day Fed meeting, inflation, housing, manufacturing and labor market data. I am recommending floating ahead of this week’s risk-events. If anything changes I will get back to you. You will never win if you never begin. -Helen Rowland

DAILY MORTGAGE RATE UPDATE 07-27-18

Mortgage Rates are near unchanged after Gross Domestic Product was reported in line with expectations. Beginning on Monday, economic data ramps up while the two-day Fed meeting kicks off on Tuesday. Heading into next week, I am recommending floating. Pleasure in the job puts perfection in the work. -Aristotle

DAILY MORTGAGE RATE UPDATE 07-26-18

After the recent decline, Mortgage Rates are modestly higher as bargain hunting sets in. Freddie Mac reports that home loan rates were essentially unchanged this week and remain historically attractive. I am recommending floating brand-new files but be aware that sentiment could quickly turn negative, so be on guard. To be successful, the first thing […]

DAILY MORTGAGE RATE UPDATE 07-25-18

Mortgage rates were able to rebound slightly yesterday in the face of rising Stocks. This morning, rates are near unchanged ahead of the New Home Sales release. The Mortgage Bankers Association reports that home loan rates were unchanged last week and remain historically attractive. I am recommending locking in the short-term, 30-days or less until […]

DAILY MORTGAGE RATE UPDATE 07-24-18

Higher Stock prices, fueled by strong earnings, are weighing on Mortgage Rates along with added supply from the Treasury. The FHFA reports that home prices rose solidly year over year due in part to low inventories of homes for sale on the market. I will continue to recommend locking in the short-term, 30-days or less […]

DAILY MORTGAGE RATE UPDATE 07-23-18

Mortgage Rates begin the week lower on some unfriendly market news. Talk of global central banks scaling back on asset purchases pushes rates lower, yields edge higher. June Existing Home Sales fell for the third straight month due in part to lofty prices along with low inventories of homes for sale on the markets. My […]

DAILY MORTGAGE RATE UPDATE 07-20-18

Mortgage Rates are slightly lower while Stocks trade near unchanged with quiet activity, typical for a summer Friday. There were no economic reports due for release today. Ellie Mae reports that it saw a further uptick in purchase loan closings in June and a dip in refinancing. I am recommending locking in the short-term, 30-days […]

DAILY MORTGAGE RATE UPDATE 07-19-18

Mortgage Rates continue to be trapped in a sideways pattern with no clear signs of a push higher. Freddie Mac reports that home loan rates were essentially unchanged in the latest week and remain at historically attractive levels. I will continue to recommend locking in the short-term, 30-days or less until closing. Longer-term, floating is […]

DAILY MORTGAGE RATE UPDATE 07-18-18

The sideways trading pattern continues for Mortgage Rates this morning, unable to produce any gains. In housing news, June Housing Starts plunged from May as builders cite a lack of available land to build on, rising lumber costs and a shortage of workers for the decline. The Mortgage Bankers Association reports that home loan rates […]