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Global Financial News, Breaking Financial News, Debt and Mortgage Loan Crisis News

Mortgage Rates at 2 Week Lows Amid Political Uncertainty

Mortgage rates were steady-to-slightly lower today, keeping them in line with the lowest levels in 2 weeks and very close to the lowest levels of the month.  For most lenders, that means conventional 30yr fixed rate quotes of 4.25% on top … Continue reading

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Why Should You Choose Mirror Trading

Mirror Trading seems like the perfect strategy. This type of trading has become very popular among Forex Traders.  It has been around for a little more than 15 years. Mirror Trading allows you to trade without your emotions getting in … Continue reading

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Mortgage Rates are Actually NOT at 2017 Highs

Mortgage rates are right in line with yesterday’s levels, and yesterday saw rates fall at the fastest pace of the year, ultimately reaching the lowest levels in more than a week.  As such, today’s rates are still the lowest in more than … Continue reading

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Biggest Intraday Drop of the Year For Mortgage Rates

Mortgage rates fell at their fastest pace of the year following today’s rate hike announcement from the Fed.  If you’re wondering why mortgage rates fell while the Fed’s rate moved up, you’re not alone.  Fortunately, the explanation is simple.   Financial markets … Continue reading

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Mortgage Rates on Edge Ahead of Fed

Mortgage rates held steady today, on average, despite moderate improvements in underlying bond markets.  Typically, bond market improvement results in comparable improvement for mortgage rates.  The groundholding is the latest evidence of massive anxiety on the part of lenders ahead of tomorrow’s … Continue reading

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When Trading, Risk Only What You Can Afford to Lose

As is true with every type of trading, there are no guarantees when trading in forex. Whether you’re trading on the stock market, in futures or in options, it’s the same. There is an element of risk in all types … Continue reading

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Mortgage Rates Approach 3-Year Highs Ahead of Fed

Mortgage rates rose for the 10th time in the past 11 days today, bringing them very close to highest levels in 3 years.  You’d have to go back to April 30th, 2014 to see the average lender offering higher rates.  The most … Continue reading

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Mortgage Rates Hold Steady Despite Strong Jobs Data. Here's Why…

Mortgage Rates Hold Steady Despite Strong Jobs Data. Here’s Why… Mortgage rates held steady today, despite a key report from the Labor Department showing stronger-than-expected job creation in February.  Typically, a strong jobs report is bad for rates.  This one likely would … Continue reading

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Mortgage Rates Keep Pushing 2017 Highs

Mortgage rates rose again today, bringing them further into the highest levels of the year.  If there’s anything redeeming about the move it’s that it wasn’t nearly as abrupt as yesterday.  In fact, several lenders were fairly close to yesterday’s offerings.  The … Continue reading

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Mortgage Rates Spike to 2017 Highs

Mortgage rates spiked, big-time, today.  Underlying bond markets had already moved higher in rate overnight, but the trend was taken to a new level by an exceptionally strong employment report from ADP.  Although this isn’t the big jobs report (we’ll get that … Continue reading

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