Recent Posts
30-Year Mortgage Rates Make New Lows, But Look Ready To Spike
No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. Just check out some of these headlines from the last 24 hours: Mortgage rates set new lows for the 6th straight week (Reuters) Mortgage rates fall again; 30-year fixed at 4.54% (Wall Street Journal) Mortgage rates hit another low : 4.54% (NPR) Fixed... [Read more of this post]
Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.
For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high. According to The Conference Board, July’s figures are reflective of a more pessimistic consumer; one concerned about “business conditions and the... [Read more of this post]

