Current Mortgage Rates for Wednesday, February 10, 2016

February 10, 2016 by Leave a comment

Welcome to the TMS current mortgage rates blog. There’s some economic data out today, but first, your mortgage rate forecast/advice. Where are mortgage rates going? Janet Yellen kicked off her two-day testimony before the House Financial Services Committee earlier today. Her prepared testimony was released as a written statement earlier in the morning and while... View Article

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Getting a Mortgage in 2016? Here’s What You Need to Know

February 9, 2016 by Leave a comment

As recently as two years ago, only 17 percent of all applications for a mortgage to buy a home were approved.[1]  Approval rates have improved greatly since then for two reasons. First, borrowers are doing a much better job of getting their credit, debt, and documentation in order before they apply.  Second, lenders have slowly... View Article

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Current Mortgage Rates for Tuesday, February 9, 2016

February 9, 2016 by Leave a comment

Well, the volatility continues, that’s for sure.  Yesterday bonds rallied while stocks were lower world-wide.  U.S. Treasuries are proving to be a safe haven as things get more turbulent, and have rallied significantly since the beginning of the year.  Last night yields on 10-year Treasuries fell below 1.70%, falling to 1.68% before reversing course –... View Article

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Current Mortgage Rates for Monday, February 8, 2016

February 8, 2016 by 1 Comment

Rates continue to fall as global stock sell-off worsens. Foreign stocks got hammered in the overnight session last night, and that momentum has carried into U.S. equity markets this morning, leading to a sharp sell-off.  Once again Treasuries are benefiting as a safe haven investment, and are rallying this morning.  The yield on 10-year Treasuries... View Article

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Current Mortgage Rates for Friday, February 5, 2016

February 5, 2016 by Leave a comment

Happy Friday, and welcome to the TMS current mortgage rates blog. There’s some economic data out today, but first, your mortgage rate forecast/advice. Where are mortgage rates going? The Labor Department released the January jobs report this morning, and it showed that the U.S. economy added 151,000 jobs last month, which is significantly lower than... View Article

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Current Mortgage Rates for Thursday, February 4, 2016

February 4, 2016 by Leave a comment

Welcome to the TMS mortgage rates blog. There’s some economic data out today, but first, your mortgage rate forecast/advice. Where are mortgage rates going? The Freddie Mac Primary Mortgage Market Survey (PMMS) is out today and it’s showing that mortgage rates have now been on the decline for five straight weeks. The 30-year fixed rate... View Article

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Current Mortgage Rates for Wednesday, February 3, 2016

February 3, 2016 by Leave a comment

Welcome to the TMS mortgage rates blog. There’s some economic data out today, but first, your mortgage rate forecast/advice. Where are mortgage rates going? Mortgage rates are still at levels that basically nobody thought they would be at, which speaks to their unpredictable nature. Where they go from here is still hard to say. Foreign... View Article

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Current Mortgage Rates for Tuesday, February 2, 2016

February 2, 2016 by Leave a comment

Bonds rallied overnight, and that rally continues this morning.  As far as I can tell, this is mostly a reaction to a sell-off in equities.  Stocks are selling off at least in part due to a reversal in oil prices, which are falling after rallying for a few days.  Yields on 10-year Treasuries are currently... View Article

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