The major stock indexes are mixed with the Dow up 94 points and the Nasdaq down 15 points. The bond market is currently up 7/32 (2.84%), which should cause this morning’s mortgage rates to be slightly lower than Friday’s morning pricing. There is nothing of relevance to mortgage rates set for today or tomorrow.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Here’s a look at where borrowing rates are at, and where they’re headed. 3 Reasons an ARM Mortgage Is a Good Idea – The Motley Fool – 3 Reasons an ARM Mortgage Is a Good Idea. Rates Go Up. Rates Go Down. Fixed-rate mortgage. Do nothing and enjoy your locked-in rate.. Pay thousands of dollars to refinance with a fixed-rate.
It’s been good news this week for home buyers and home owners looking to refinance as mortgage rates have improved. It hasn’t been a big swing lower but mortgage rates have mostly remained lower after a drop on Monday morning. Read on for more details. Where are mortgage rates going?. View Article
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Why do interest rates. in a new home before future rate hikes hit," said Whitney Fite, President of Angel Oak Home Loans in Atlanta. In other words, if the cost of borrowing will be higher tomorrow.
Are FHA interest rates going to go up or down this week for a 30 yr. fixed? Asked by Eric Guerra, Riverview, FL Mon Feb 18, 2008. My fiance and I signed a contract on an inventory home on friday feb 15, but left the interest rate on the mortgage contract as floating.
We’ve been talking quite a bit about tomorrow’s FOMC. Funds expectations (go figure!). strong econ data and a weak 30yr bond auction logically hit Treasuries more than Fed Funds because they don’t.
The Mortgage bankers association reports that the 30-year conforming fixed-rate mortgage rose to 4.39% from 4.36% in the previous week. Within the report it revealed that the home purchase index rose 6% to its highest level since April 2010 while the refinance index increased 1%.
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