Current Mortgage Rates for Wednesday, September 2, 2015

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Given the way things have gone recently, yesterday was relatively placid, at least for Treasuries and mortgage backed securities – equities, on the other hand, took a beating.  Mortgage rates were effectively unchanged yesterday.  Yields on 10-year Treasuries ended yesterday around 2.17%, and are currently trading in the same range today.  This comes despite yesterday’s […]

Current Mortgage Rates for Tuesday, September 1, 2015

Percentage sign resting on a finger

Same old, same old.  Bond yields (and thus, mortgage rates) continue to be primarily influenced by overseas influences.  It started with weakness in China overnight, which bled into weakness in Europe (sort of – that might not be a direct causation, there was a batch of weaker-than anticipated European economic data which also helped European […]

Current Mortgage Rates for Monday, August 31, 2015

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Mortgage rates hit recent lows early last week, only to rise again later in the week as mortgage-backed securities sold off.  The primary drivers of the market action of late have been the stock rout in China (and the fears of slowing growth that accompany that sell-off).  This has made the market wildly unpredictable, and […]

Current Mortgage Rates for Friday, August 28, 2015

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It is Friday!  Huzzah and hurrah!  Stocks were all over the places, and bonds were along for the ride.  To wit: the yield on 10-year Treasuries was as low as 1.92% for a brief period early in the week, and peaked around 2.20% yesterday.  Currently yields are around 2.14% (give-or-take).  Mortgage backed securities traced a […]

Current Mortgage Rates for Wednesday, August 26, 2015

head scratcher

It was a pretty wild day yesterday.  The Dow was up a couple hundred points for most of the day, only to sell off at the end of trading, ending the day down over 200 points.  However, we did not see similar price action from Treasuries, which were down all day.  10-year Treasury yields rose from […]

Current Mortgage Rates for Tuesday, August 25, 2015

mortgage rates home

What a difference a day makes.  Yesterday’s sell-off in equities is in the process of reversing this morning on the news that the People’s Bank of China has taken measures to prop up China’s ailing stock markets.  Whether or not these measures will work, or whether this simply kicks the can down the road are […]

Are Single Family Rentals Still a Good Investment?

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With discount-priced foreclosures drying up, are single family rentals still such a good investment? The foreclosure floods over past four years created unprecedented opportunities for investors to buy homes for a song, rehab them, and either resell or rent them out. Some four million homes switched from owner-occupancy to rentals during that period—that’s nearly homes […]

Current Mortgage Rates for Friday, August 14, 2015

interest rates seesaw

It’s been an up-and-down week for bonds.  Early in the week Treasuries rallied heavily following the devaluation of the Chinese Yuan.  Yields on the 10-year Treasury Note dipped as low as 2.09%.  Only a month ago, yields were in the mid-2.40’s.  Yields ultimately bottomed out on Wednesday, and as of this morning, all of the […]