Author Archives for David Coster

Government Incompetence Extending Low Rates

January 16, 2013 10:27 am Published by Leave your thoughts

For all the criticism leveled at Congress over its inability to come to any kind of lasting fiscal agreement, there may in fact be a positive side to the story that goes under-reported.  Don’t get me wrong I am not a cheerleader for low mortgage rates above all else.  In fact, I would gladly cheer... View Article

Mortgage Rates: Ground Hog Days?

January 11, 2013 10:22 am Published by Leave your thoughts

I know Ground Hog Day doesn’t occur for several weeks but today is shaping up to remind me of the 1993 Comedy by the same name that starred Bill Murray and Andie McDowell.  As you film aficionados recall, a TV weatherman played by Murray visits Punxsutawney, Pennsylvania to cover the annual Ground Hog Day spectacle.  According to... View Article

Foreign Markets Push Mortgage Rates Higher

January 10, 2013 9:59 am Published by Leave your thoughts

Thursdays are usually the day each week that we focus on the job market.  Each Thursday at 8:30 AM ET the US Department of Labor releases the results of its survey of new applicants for first-time state unemployment benefits.  Today was no different.  The report was issued and it showed some surprising results, yet the... View Article

Traders Push Market, Rates Drop

January 8, 2013 9:44 am Published by Leave your thoughts

Last week was filled with intrigue and a substantial amount of economic data.  This week is filled with speculation and an almost complete lack of economic data.  Both environments are good breeding grounds for volatility in the markets and for interest rates. Nevertheless, it is always important to remember that traders want to see activity... View Article

Mortgage Rates: An Unexpected Jolt

January 4, 2013 10:54 am Published by Leave your thoughts

When I was 14 I had the unfortunate experience of being near where a bolt of lightning hit a tree.  I wasn’t standing under the tree mind you, I was smarter than that.  I was inside a cabin lying on the bare metal springs of a bunk bead on the first day of camp.  The... View Article

Mortgage Rates: Now What?

January 3, 2013 9:29 am Published by Leave your thoughts

Well the most written about topic of the last six months in this space has been the fiscal cliff and its impact on mortgage rates.  Now that the imminent drop has been averted, what does it mean for the direction of mortgage rates?  The truth is that of all the scenarios I have speculated about... View Article

Mortgage Rates and Mutually Assured Destruction

December 28, 2012 10:40 am Published by Leave your thoughts

Anybody feel like going over a cliff?  Barring a last minute flurry of common-sense and public-mindedness, we are headed for a fall.  If the President and congressional leaders cannot agree on a deal before next Tuesday, our nation will face the prospect of an unnecessary, man-made economic disaster.  The next few days will tell us... View Article

Mortgage Rates: Naughty or Nice?

December 26, 2012 10:58 am Published by Leave your thoughts

Mortgage rates are caught in a balancing act between all-time lows and meaningfully higher levels this holiday season.  Economic data released over the past few weeks suggest that rates should be heading higher, yet the uncertainty that surrounds the fiscal negotiations in Washington and its impact on the US economy have kept rates near historic... View Article