Last week consumers who were floating loans watched mortgage rates rise almost 0.25% by Friday. After touching five month lows in the previous week, better than expected economic data and corporate earnings reports pressured prices of mortgage backed securities lower which resulted in lender's raising...
Mortgage rates continue to hold below 5% despite some better than expected economic data last week. As a general rule, better than expected economic data usually leads to higher mortgage rates while worse than expected data improves rates (that has not been the case recently though). At the close on...
Twin releases at 8:30 am EST will help set the tone on Thursday, as markets will receive the latest employment and inflation data. Before those releases, markets look set to open lower as oil prices have slipped in the overnight, due to an IEA forecast predicting oil consumption would fall by its fastest...