The attached chart of the rate spread between the 30 year fixed rate mortgage and the 10 year treasury note is a prefect visual and mathematic illustration on how today’s low mortgage rates are still high relative to where they should be historically, given other economic considerations. I’ve ... » Learn More about Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
ARM vs. fixed-rate mortgages
Mortgage Rates Stable… For How Long?
The mortgage rates have been in a good stable range for a few months. The Federal Reserve rate drops last year and continuing their purchase of $60 billion per month of treasuries, have propped up the economy, while the uncertainty of the China trade issues were up in the air. Now with the signing ... » Learn More about Mortgage Rates Stable… For How Long?
Mortgage Rates in Flux, They are News Driven, But Ignore the News
The interest rates are on the low end of the cycle, but there has been a lot fluctuation in rates over a week, or even in a single day. It can be news driven by economic numbers, the China trade issues, or even a tweet... One thing for sure, the Freddie Mac information released by the ... » Learn More about Mortgage Rates in Flux, They are News Driven, But Ignore the News
Mortgage Rates Down to 2016 Levels, First It Was The Federal Reserve, Then It Was New Tariffs. What a 48 hours!
The interest rates had a very crazy 48 hours. It came in two phases. Phase one - The Federal Reserve on Wednesday did what was totally expected for months. They dropped the Fed Rate .25%. The first reduction in 10 years. Fed Chairman Powell indicated that it was a mid-cycle adjustment. The ... » Learn More about Mortgage Rates Down to 2016 Levels, First It Was The Federal Reserve, Then It Was New Tariffs. What a 48 hours!
Mortgage Rates Drop to 2017 Levels- Best Time to Debt Consolidate or Lock Adjustable Loans
Thank you economic weakness in Europe and the China tariff fears, the long end of the interest rates have dropped to their lowest level since 2017. The short end of the rate curve, not as much. The property values are up substantially since 2011, which gives the gift of equity to the owners of ... » Learn More about Mortgage Rates Drop to 2017 Levels- Best Time to Debt Consolidate or Lock Adjustable Loans