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Mortgage Rates in Line With 3-Week Lows

Mortgage rates moved lower again today as investors remained cautious amid political uncertainty at home and abroad.  Stocks began the day higher but lost ground throughout the day–indirectly helping rates.  That’s not to suggest mortgage rates routinely take cues from stocks.  Rather, … Continue reading

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Will Your Company Take Advantage of These 5 Economic Trends in 2017?

It’s a new year: time for a new set of predictions about how the world will look 12 months hence. Predicting the future is always a tricky business, but economic prognosticators face even more uncertainty than usual this year. Even … Continue reading

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Mixed Day Leaves Rates Slightly Higher

Mortgage rates were noticeably lower this morning as bond markets responded favorably to the important jobs report.  While the headline job growth was stronger than expected (typically bad for rates), wages came in much lower than expected and were revised lower for … Continue reading

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Mortgage Rates Edge Lower Ahead of Jobs Report

Mortgage rates fell modestly today, but not enough to make it back to the lows seen earlier this week.  4.25% is still the most prevalent 30yr fixed rate on top tier scenarios, meaning day-to-day movement has been limited to upfront costs (sometimes … Continue reading

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Mortgage Rates Higher Despite Help From The Fed

Mortgage rates were higher to end the day, but not as high as they might have been without the Fed Statement.  The day began with a series of strong economic reports.  The ADP Employment Report was much stronger than expected, as was … Continue reading

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Swing Trading Vs. Day Trading

In Day Trading, positions are most often entered and exited on the same day.  This is considered extremely risky.  The general rule is that the shorter a time period a trader is using, the riskier the trading.  With this type … Continue reading

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Forex Margins and Leverage

Margin is defined as a deposit you must give in order to use your leverage.  Margins in Forex are sometimes looked at as a fee to the broker but they are not.  Margins are a cash deposit made in good … Continue reading

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Mortgage Rates Just a Bit Lower as Data Falls Short

Mortgage rates moved just a bit lower today, bringing them to their best levels in exactly 1 week.  Most borrowers will see little-to-no difference between yesterday and today’s loan quotes with the exception, perhaps, of a modest reduction in upfront costs.  That … Continue reading

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Mortgage Rates Slightly Lower to Begin Week

Mortgage rates fell modestly today, keeping rates near the lower end of the range seen since January 18th.  The catch is that rates moved sharply higher on the 18th, and from there, you’d have to go back to late December to … Continue reading

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Mortgage Rates End Week Unchanged

Mortgage rates fell today, undoing enough of this week’s damage to return precisely to levels seen last Friday.  In simpler terms, rates ended the week ‘unchanged.’  That’s not for lack of volatility during the week!  4 out of the 5 days saw … Continue reading

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