Choicelend.com – News China continues to slow down hit the stock market hard sending investors into the safety of treasuries helping to improve mortgage rates. Spain was downgraded (again), Libya continues it’s civil war and our own citizens continue to struggle in finding jobs. This pullback will test our lows, great time to lock.
Tag Archive | "Mortgage News"
Today, the Treasury will auction $29 billion of 7 yr notes, yesterday’s and Tuesday’s 5 yr and 2 yr auctions were not the best in terms of demand. Some are beginning to question whether foreign investors are backing away from US debt; if today’s 7 yr suffers weaker demand look for that question to gain [...]
Choicelend.com – The turmoil in the Middle East has driven investors into the safety of US Treasuries improving mortgage rates at least temporarily. If you have been sitting on the sidelines waiting for rates to go down this is your chance. We have been saying all along that rates are on an uptrend and will [...]
Choicelend.com – The trouble in Egypt, slightly better employment data and several other economic indicators have given us a new risk of mortgage rates going higher. What ever happened to flight to safety? Money should be going into bonds improving rates but isn’t. The market is definitely bearish. If you are holding on hoping for [...]
Choicelend.com – The Fed is keeping mortgage rates stable for the near future with their scheduled purchase of $600B in US Treasuries. Without the Fed intervening, mortgage rates would be higher. Lock before rates increase.
Choicelend.com – Mortgage Rates appear to have settled for the foreseeable future in a narrow range. We are still in a worsening environment and can change in a moment with US or world events. Europe still has some dark clouds which could rain on our parade. If you can lower your rate now, lock.
Choicelend.com – Waiting for the Treasury bond sale and it’s effects on rates. No surprises expected, maybe a slight increase in rates. After yesterday’s nice improvement I would suggest locking now as we are still in a bearish mortgage rates environment.
Choicelend.com – Money is finding it’s way back into treasuries, driving rates lower. Inflation fears in Asia and Europe have taken front stage. Good time to think about a lock.
