Mortgage Rates Erase Yesterday’s Improvement
February 2, 2019 Comments Off on Mortgage Rates Give Back Yesterday’s Improvement Posted To: mortgage rate watch Mortgage rates fell significantly yesterday, extending a reaction to the Federal Reserve’s announcement and press conference from Wednesday.
Mortgage Rates Continue Marginally Lower Thirty-year fixed, 15-year fixed and 5/1 arm rates are all marginally lower Tuesday, according to a NerdWallet survey of mortgage rates published by national lenders this morning.
Mortgage Rates Give Back Yesterday’s Improvement Feb 1 2019, 7:01PM Mortgage rates fell significantly yesterday, extending a reaction to the Federal Reserve’s announcement and press conference.
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That’s 45,000 fewer than the previous month, which is good for mortgage rates. However, analysts had predicted a drop in employment, so the effect of today’s release was a bit diminished. In addition, US productivity remained at 3 percent, when analysts had predicted 3.3 percent.
The average interest rates table presents fha-insured single family 30-year fixed rate home mortgages between 1992 and the present, by endorsement month and the number of cases. These estimates are intended to portray a pattern of the rising or falling of FHA single family 30-year fixed interest rates. The rates are set by the Federal Reserve Board.
The high end of that range was confirmed again yesterday as bonds rebounded shortly after reaching 2.09%. It still remains in the upper end of the range, but that resistance level should help prevent mortgage rates from moving much higher over the next couple of days.
In plain terms, yesterday brought us the biggest single day drop in mortgage rates of this cycle and today completely erased it. As the headline suggests, today’s jobs report had quite a lot to do with the bounce.
Posted To: Mortgage Rate WatchMortgage rate were unchanged to slightly lower today. Once again, the actual change you see will depend heavily on the. Posted To: Mortgage Rate WatchMortgage rate were unchanged to slightly lower today. Once again, the actual change you see will depend heavily on the. Home; Housing News.
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