Mortgage Interest Trending Upward All Week

Mortgage markets worsened for the 8th straight day, equaling the longest losing streak of the last 5 years. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This is a huge increase from just 11 weeks ago when mortgage rates were riding an 8-month-long hot streak, and […]

Favorable News from the Fed

Favorable news from the Fed: weaker-than-expected economic data and strong demand for a record $112 billion in Treasury auctions helped mortgage markets this week. While the daily price movements were often large, mortgage rates ended the week just a little lower. The Federal Funds Rate As expected, the Fed made no change in the federal […]