Do you remember when mortgage rates were above ten percent?… According to Kelly Deforge, our in house lender with Union Bank, rates are averaging in the mid four percent range but, the question is for how long? As you can see by the graph that Kelly provided below, rates have been gradually inching upward over the […]
With the sudden rise in mortgage rates, we have to question whether the Refi Boom is ending.
Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end.
Adjusting conforming mortgages are adjusting to as low as 3 percent. If you have one, should you let your rate fall? Or refinance out?
At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.
As 2009 was ending, the “experts” were busy making forecasts about the U.S. economy and what to expect in 2010. Were they right?
Mortgage rates move in response to hundreds of factors. Among the biggest influences on mortgage rates? Inflation.