California Mortgage News
Tuesday, August 15, 2006
And this week, they are down.
Mortgage rates, that is. The one week up, two weeks down, two weeks up pattern continues as the markets try to outguess where the Federal Reserve is going with rates, fewer people apply for mortgages, and housing sales in some parts of the country also slide.
This is a holding pattern design to signal the markets not to panic. Aggressive moves in either direction would signal panic. Begin cutting rates and the market would perceive that the you are trying to jumpstart the housing sector again. Raising rates would also be equally problematic. So expect the continued pattern of up/down.
Labels: fluctatingmortgagerates, mortagerate, updown
¶ Mortgage Rates Continue Up and Down Pattern 0 Comments
Monday, March 20, 2006
Mortgage Rates Hit Three Year Highs
After months of apparent indecisiveness, mortgages rates seem to have decided on a direction and are heading toward it. Unfortunately that direction is up! Both of the mortgage market surveys we track reported rates at their highest levels since mid-2002 and in one case since 2001.
Rate increases seem natural given the market and where it's headed.
Labels: mortagerate, mortgagerates
¶ Mortgage Rates Hit Three Year Highs After months 0 Comments
Saturday, August 06, 2005
Mortgage rates continue upward climb
Mortgage rates continued their upward climb this week, with rates on 30-year mortgages rising to their Long-term mortgage rates will than likely rise over the next few months
Labels: mortagerate, mortgagerateraise
¶ Mortgage rates continue upward climb 0 Comments
Friday, July 29, 2005
Labels: mortagerate, mortgagerates, risingmortgagerates
¶ Mortgage Rates Rise Again - 4th straight week 0 Comments
Covering the mortgage and real estate market in California. Find information on real estate, mortgage vendors and mortgage brokers.
About Me
- Name: Brian DeSpain
- Location: Las Vegas, New Mexico, United States
Writer, open source geek and general rastabout.
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