Fed Raises Interest Rates: What Does it Mean to Us?

Federal Reserve officials came and went this past week. Before they went, they raised the target range on the federal funds rate to 1.75%-to-2.00%. The range was lifted 25 basis points (a quarter of a percentage point) above the previous range. The increase was really a non-event. Most market watchers expected the Fed to raise … Continue reading Fed Raises Interest Rates: What Does it Mean to Us?

Advertisements

Fed Raises Interest Rates: What Does it Mean to Us?

Federal Reserve officials came and went this past week. Before they went, they raised the target range on the federal funds rate to 1.75%-to-2.00%. The range was lifted 25 basis points (a quarter of a percentage point) above the previous range. The increase was really a non-event. Most market watchers expected the Fed to raise … Continue reading Fed Raises Interest Rates: What Does it Mean to Us?

Higher Interest Rates for Everyone

Arrivederci. That’s all we can say to the lower mortgage rates that breezed by in May. Mortgage rates moved notably higher over the past week. The prime 30-year fixed-rate conventional loan led the brigade. It reclaimed the 4.625%-to-4.75% range it had abandoned for lower terrain last month. We explained last week why mortgage rates had … Continue reading Higher Interest Rates for Everyone

Higher Interest Rates for Everyone

Arrivederci. That’s all we can say to the lower mortgage rates that breezed by in May. Mortgage rates moved notably higher over the past week. The prime 30-year fixed-rate conventional loan led the brigade. It reclaimed the 4.625%-to-4.75% range it had abandoned for lower terrain last month. We explained last week why mortgage rates had … Continue reading Higher Interest Rates for Everyone

Why alternative mortgages are a smart choice.

Traditionally, mortgages in the U.S. are financed by banks that also operate other lines of business, like offering deposit accounts and insurance products. But today, the American homebuyer is anything but traditional, and they are looking to lenders other than banks to fill the gap. Fortunately, financial institutions continue to create innovative mortgages that fit … Continue reading Why alternative mortgages are a smart choice.

Why alternative mortgages are a smart choice.

Traditionally, mortgages in the U.S. are financed by banks that also operate other lines of business, like offering deposit accounts and insurance products. But today, the American homebuyer is anything but traditional, and they are looking to lenders other than banks to fill the gap. Fortunately, financial institutions continue to create innovative mortgages that fit … Continue reading Why alternative mortgages are a smart choice.

Mortgage rates dropped, and they dropped meaningfully this past week.

The rate range on the prime 30-year fixed-rate conventional mortgage dropped to 4.5%-to-4.625%. It had been ensconced in a range 13-basis-points higher for the past month. Borrowers got a reprieve. We noted last week that Italy was holding interest rates in check because of the prospect it could leave the European Union. The prospect has … Continue reading Mortgage rates dropped, and they dropped meaningfully this past week.

Mortgage rates dropped, and they dropped meaningfully this past week.

The rate range on the prime 30-year fixed-rate conventional mortgage dropped to 4.5%-to-4.625%. It had been ensconced in a range 13-basis-points higher for the past month. Borrowers got a reprieve. We noted last week that Italy was holding interest rates in check because of the prospect it could leave the European Union. The prospect has … Continue reading Mortgage rates dropped, and they dropped meaningfully this past week.

Mortgage rates took a breather this past week. Instead of ascending, as they have for most of 2018, they eased back a few basis points.

The range still holds, though. Quotes on prime 30-year fixed-rate conventional mortgages remain within the 4.75%-to 4.875% range at the national level. Quotes have been more “4.75%-ish” as opposed to “4.875%-ish” in recent days. Rate quotes on the prime 30-year loan have eased because the yield on the 10-year U.S. Treasury note has eased. The … Continue reading Mortgage rates took a breather this past week. Instead of ascending, as they have for most of 2018, they eased back a few basis points.

Mortgage rates took a breather this past week. Instead of ascending, as they have for most of 2018, they eased back a few basis points.

The range still holds, though. Quotes on prime 30-year fixed-rate conventional mortgages remain within the 4.75%-to 4.875% range at the national level. Quotes have been more “4.75%-ish” as opposed to “4.875%-ish” in recent days. Rate quotes on the prime 30-year loan have eased because the yield on the 10-year U.S. Treasury note has eased. The … Continue reading Mortgage rates took a breather this past week. Instead of ascending, as they have for most of 2018, they eased back a few basis points.