Entries by Charlie Christensen

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 […]

DAILY MORTGAGE RATE UPDATE 06-01-18

Easing political tensions in Europe coupled with a solid Jobs Report for May are helping rates this morning. Both Freddie Mac and the Mortgage Bankers Association reported this week that home loan rates edged lower in their latest surveys. Heading into the weekend, I am recommending locking.  Have a great weekend. Don’t Let Yesterday Take Up […]

DAILY MORTGAGE RATE UPDATE 05-31-18

Freddie Mac reports that mortgage rates declined in the latest week after rising for most of 2018. In housing news, April Pending Homes Sales declined from March due in part to low inventories of homes for sale on the market. Ahead of the big headline risk in the May Jobs Report which is scheduled for […]

DAILY MORTGAGE RATE UPDATE 05-30-18

Mortgage rates are giving back some of yesterday’s gains as the Italian turmoil eases a bit along with the safe-haven trade in U.S. Bonds and dollars. In economic news, ADP Private Payrolls for May came in just below expectations while the second reading on Gross Domestic Product remained steady. I am recommending locking today ahead of the May Jobs […]

DAILY MORTGAGE RATE UPDATE 05-29-18

Political turmoil in in the Eurozone is pushing investors to the safe haven of the U.S. Bond markets. In economic news, home prices continue to rise due in part to the lack of housing inventory on the markets. I am recommending floating. Have a great week! One of the great things about travel is that […]

DAILY MORTGAGE RATE UPDATE 05-25-18

Rates are showing a little improvement boosted by declining stocks in the current negative geopolitical environment. Home loan rates have pushed higher throughout the first half of 2018, but have edged lower this week. Heading into the three-day weekend, I am recommending floating. Have a great long and safe Memorial Day weekend! You win some, […]

DAILY MORTGAGE RATE UPDATE 05-24-18

Mortgage Rates are modestly lower as they add to yesterday’s gains, which were touched off by the rather dovish Fed minutes. Stocks look to open lower on lingering trade issues. Later this morning, April Existing Home Sales will be released. Home loan rates have edged higher though they remain historically low. I am recommending floating, […]

DAILY MORTGAGE RATE UPDATE 05-23-18

Risk off is the trade of the day as Rates move lower and Stocks move lower. New Home Sales for April will be released today while the minutes from the May Fed meeting will be delivered at 2:00 p.m. ET. I am recommending floating but be on guard for any sudden movement in higher Rates. […]