Month: May 2018

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. →

Fed Holds Steady on Interest Rates in May Meeting.

Steady as she goes. That's the headline out of the most recent meeting of the Federal Reserve's Open Market Committee, which ended earlier this month with little surprise or fanfare. The FOMC, the chief policymaking body of the Fed that holds sway over much of the global economy, elected not to raise its key interest … Continue reading Fed Holds Steady on Interest Rates in May Meeting. →

Fed Holds Steady on Interest Rates in May Meeting.

Steady as she goes. That's the headline out of the most recent meeting of the Federal Reserve's Open Market Committee, which ended earlier this month with little surprise or fanfare. The FOMC, the chief policymaking body of the Fed that holds sway over much of the global economy, elected not to raise its key interest … Continue reading Fed Holds Steady on Interest Rates in May Meeting. →

Most market pundits expected this to happen four years ago, if not earlier.

They expected interest rates to rise, and rise meaningfully with sustained momentum. Interest rates failed to follow the script. They’ve made up for their ad lib in 2018. Interest rates have trended in one direction – up. They continue to trend up as we write. In the past week, the 10-year U.S. Treasury note yield … Continue reading Most market pundits expected this to happen four years ago, if not earlier. →

Most market pundits expected this to happen four years ago, if not earlier.

They expected interest rates to rise, and rise meaningfully with sustained momentum. Interest rates failed to follow the script. They’ve made up for their ad lib in 2018. Interest rates have trended in one direction – up. They continue to trend up as we write. In the past week, the 10-year U.S. Treasury note yield … Continue reading Most market pundits expected this to happen four years ago, if not earlier. →

Rising Interest Rates Still Low by Historical Standards

It's already been clear that 2017 was a banner year for residential real estate sales. But when it comes to projections for 2018 and a spring home sales season that's already underway, certain factors could cause the year to turn out quite differently. The primary concern for 2018 is not necessarily home prices, although they … Continue reading Rising Interest Rates Still Low by Historical Standards →

Rising Interest Rates Still Low by Historical Standards

It's already been clear that 2017 was a banner year for residential real estate sales. But when it comes to projections for 2018 and a spring home sales season that's already underway, certain factors could cause the year to turn out quite differently. The primary concern for 2018 is not necessarily home prices, although they … Continue reading Rising Interest Rates Still Low by Historical Standards →