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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Are New “For Sale by Owner” Sites Changing the Rules?

February 2, 2016 by Leave a comment

When home prices rise steadily over several straight years, seller’s markets crop up where demand is strongest. One of the side effects is a renewal of interest among home sellers in trying to find a way to forgo the traditional six percent commission that real estate brokerages charge. Typically, that means marketing their homes on... View Article

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Current Mortgage Rates for Monday, February 1, 2016

February 1, 2016 by Leave a comment

Right now yields on mortgage bonds are close to unchanged, and mortgage rates are approximately flat.  Last week mortgage rates improved a little bit, and hit lows not seen since last October.  Freddie Mac’s Primary Mortgage Market Survey – from last Thursday –  showed the average rate on a 30-year fixed-rate mortgage to be 3.79% with... View Article

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Current Mortgage Rates for Friday, January 29, 2016

January 29, 2016 by Leave a comment

Happy Friday everyone, and 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? According to Freddie Mac’s Primary Mortgage Market Survey, mortgage rates have now gone down for four weeks in a row. The survey has the 30-year fixed at... View Article

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