Fed Minutes Show Rate Hike Could Happen ‘Fairly Soon’

February 22, 2017 by Leave a comment

According to the minutes from the Federal Open Market Committee (FOMC) meeting on Jan. 31-Feb. 1, Federal Reserve officials think that an increase in the federal funds rate might be appropriate “fairly soon.” Here is the main quote that financial market participants have picked up on: “Many participants expressed the view that it might be appropriate to... View Article

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Current Mortgage Rates for Wednesday, February 22, 2017

February 22, 2017 by Leave a comment

Welcome to the Total Mortgage Current Mortgage Rates Blog. Here’s your daily mortgage rate forecast/advice. Where are mortgage rates going? French Election and FOMC Minutes Moving Markets A few weeks back Treasury yields took a hit as the latest poll about the French presidential election caused investors to grow nervous that the far-right candidate Marine... View Article

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Current Mortgage Rates for Tuesday, February 21, 2017

February 21, 2017 by Leave a comment

Welcome to the Total Mortgage Current Mortgage Rates Blog. Here’s your daily mortgage rate forecast/advice. Where are mortgage rates going? Yesterday I said that Fed officials would likely echo Janet Yellen’s comments during their speaking engagements this week. Well, it’s only Tuesday morning and already we have Philadelphia Fed President Patrick Harker stating “I would... View Article

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Current Mortgage Rates for Monday, February 20, 2017

February 20, 2017 by Leave a comment

Welcome to the Total Mortgage Current Mortgage Rates Blog. Here’s your daily mortgage rate forecast/advice. Where are mortgage rates going? The U.S. markets are closed today in observance of Presidents’ Day. The rest of the week is fairly standard with a variety of economic data and speaking engagements from several Federal Reserve officials. The FOMC... View Article

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Sale Pending Vs. Under Contract: What’s the Difference?

February 17, 2017 by Leave a comment

Whether you’re driving around a neighborhood or clicking through listings on Zillow, at some point you’re almost guaranteed to stumble across the perfect home: large yard, updated kitchen, hardwood floors—and a sign that says “sale pending” or “under contract.” So what do those mean, exactly, and do you still have a chance with the house... View Article

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Current Mortgage Rates for Friday, February 17, 2017

February 17, 2017 by Leave a comment

Happy Friday and welcome to the Total Mortgage Current Mortgage Rates Blog. Here’s your daily mortgage rate forecast/advice. Where are mortgage rates going? Mortgage rates deviate from 10-year yield There’s not much economic data out this morning, and currently all the major U.S. stock market indexes are trading in the red. The yield on the... View Article

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Current Mortgage Rates for Thursday, February 16, 2017

February 16, 2017 by Leave a comment

Welcome to the Total Mortgage Current Mortgage Rates Blog. There’s some economic data out today, but first, your daily mortgage rate forecast/advice. Where are mortgage rates going? Rates fall in Freddie Mac PMMS The Freddie Mac Primary Mortgage Market Survey came out today (as it does every Thursday at 10am sharp), and surprisingly it showed... View Article

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Janet Yellen Keeps March Rate Hike in Play

February 15, 2017 by Leave a comment

Federal Reserve Chair Janet Yellen finished up speaking in Washington, D.C. today. Starting on Tuesday, she appeared before congress for her semiannual testimony on monetary policy. Day 1 was before the Senate banking Committee, and Day 2 was before the House Financial Services Committee. Whenever the Fed Chair makes public statements, financial market participants keenly... View Article

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