Mortgage Rates Finally Make a Move, But in the Wrong Direction

Being mortgage free is generally a good thing. But there are times when you want to accelerate your mortgage pay down and there are other times when you want to leave it well alone. With the aggressive spike in interest rates post election, it’s now time to reassess whether paying down your mortgage quicker is a good idea.

The following is a guest post about extra payment on your mortgage. If interested in submitting a guest post, please read my guest post policy and then contact me. A mortgage has to be one of the most important loans a person will take in their life time. Year after year, people strive to attain that coveted title – Homeowner.

WEEKLY RATE – Rates Make Move Higher. After hitting the lowest levels of the year on Tuesday, September 5 th, mortgage interest rates have steadily risen. The Mortgage Backed Security (MBS) market closed the past 5 days down – 20 bps. Not a drastic movement higher, but enough to move interest rates off their recent lows.

After the central bank made its first increase last December, mortgage rates moved up briefly, but then fell again. "The easiest way to say it is that ‘longer-term’ rates (stuff like 10-year Treasury yields and mortgage rates) do indeed tend to move with Fed rate hike expectations, not the Fed rate hike itself," explained Graham.

Mortgage Rates Improve For Third Straight Day 30-year fixed-rate mortgage (frm) averaged 4.60 percent with an average 0.5 point for the week ending September 13, 2018, up from last week when it averaged 4.54 percent. A year ago at this time, the 30-year FRM averaged 3.78 percent.

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Cash-out refinance vs home equity loan: The better deal might surprise you Homeowners with equity in their home might consider a home equity refinance. What is the difference between a home equity loan and a traditional refinance? What is the best option for you? There are important differences between these two financial tools that should be considered prior to making a refinancing decision.Housing Market Can Withstand Higher Mortgage Rates, According to First American Potential Home Sales Model Many Experts Miss the Point on Mortgage Rates and Affordability for First-Time Home Buyers  · First time buyers or buyers purchasing in a targeted area; 660 minimum credit score; Seller may pay up to 3% of the price in buyer closing costs if over 90% LTV, 6% if 90% or less LTV on the first mortgage; 45% maximum debt to income ratio; Must meet grant income limits; home buyer education required for all first-time buyersThe housing market is well placed to withstand the expected rise in mortgage rates according to a new report. First American Financial’s market potential model calculates that the seasonally adjusted annualized rate (SAAR) for existing home sales was 6.11 million in May, up 4.4% year-over-year and 0.8% month-over-month.

Mortgage Rates Finally Make a Move, But in the wrong direction; stock Yards in Ky. Posts Higher Profit on Surge in Mortgage Revenue ‘Warren phenomenon’ causing reg relief delay: house Republican; Tricon Next Single-Family Landlord to Tap Securitization Market; FICO Will Provide Free Scores Through Credit Counselors; Categories. josh conklin; joshua conklin

Mortgage Rates Back Near Lows Of The Week The lower rate impact should soon translate into more home sales, says Freddie Mac’s chief economist. Mortgage Rates Are Back to Near 3-Year Lows | realtor magazine skip to main content

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Mortgage Rates Finally Make a Move, But in the Wrong Direction Apr 22 2015, 4:06PM mortgage rates finally broke out of a persistent sideways grind today.

Mortgage Rates Finally Make a (Small) Move Jun 27 2018, 4:01PM Mortgage rates finally fell today after remaining flat for the last 3 business days.

MBS RECAP: Bonds Staying Thirsty For Stock Drama–Too Thirsty While zero rates and bond purchases (QE) have been good for risk assets, (Stocks are up more than 140 percent since their March 2009 lows.) unemployment is still above 7 percent, real wages are trending lower, GDP has shriveled to below 2 percent, 47 million people are on food stamps, and inequality is greater than anytime since the Gilded Era.