Inman
August 26, 2015

Daily market update: Aug. 26, 2015

National Mortgage Rates by Mortgage Marvel ® Mortgage Widgets | Get Mortgage Rate Quotes National Home Loan Rates by Mortgage Marvel ® Mortgage Widgets | Get Mortgage Rate Quotes   We’ll add more market news briefs throughout the day. Check back to read the latest. Yesterday’s market news: S&P/Case-Shiller U.S.…
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WFG News
February 27, 2015

When Fed raises short-term rates, pray long-term rates don’t follow

Federal Reserve Chairwoman Janet Yellen’s testimony, inherently a forecast, overwhelmed all other forces on markets this week. Yellen did a fabulous job. When the future is deeply uncertain, it’s the job of the Fed chair to turn on the fog, and she did — in an expert rundown on the…
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WFG News
February 20, 2015

Greek Band-Aid intercepts interest rate drop

Long-term Treasurys are sliding down in yield again, holding low-fee mortgages in the high-threes. This improvement has been caused by several things, all reinforcing each other, and is likely to continue. However, in the background lies an enormous contradiction that is clearly troubling long-term markets. First things first. Way back…
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WFG News
February 13, 2015

Coming Fed hike ups mortgage rate risk

After a wild six weeks from Christmas forward, the 10-year T-note stone-falling from 2.35 percent to 1.65 percent and then rebounding to 2 percent, global anxiety rising … this week’s news is an extended sermon from The Church of What’s NOT Happenin’ Now. Interest rates did not move. Low-fee mortgages…
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WFG News
February 6, 2015

Don’t assume strong jobs numbers will trigger Fed rate liftoff

The U.S. 10-year T-note has jumped a quarter-percent in four days, half of the springboard this morning on wild news from the job market. Mortgage damage is limited, low-fee deals still just under 4.00 percent. The first Friday each month brings the immediately prior-month count of new jobs. And revisions…
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WFG News
January 30, 2015

Fed affirms plans for rate liftoff, but mortgages are another story

First the facts, then the ponderables. Long-term U.S. interest rates fell again today, now to a 20-month low. The 10-year T-note broke through the 1.7 percent prior low to 1.66 percent, down from 1.85 percent on Monday and from 2.3 percent in Christmas week. Meanwhile, on Wednesday the Fed affirmed…
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WFG News
January 23, 2015

US mortgages are the Gazinta!

A wild story still unfolding, most of it overseas. The result here at home: mortgage rates near 3.75 percent and the lows of the year — and the tilt in chart-pattern witch-doctoring to lower yet. Rates will rise only on substantial good news, somewhere. The only domestic economic data of…
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