Mortgage Rates and Trends: Mortgage Blog from Total Mortgage |
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 Total Mortgage provides some of the lowest current mortgage rates for new purchase and refinance transactions. We offer fixed rate mortgages, adjustable rate mortgages, FHA home loans, FHA refinances, along with some of the best jumbo mortgage rates in th
Provider: Total Mortgage Services
Feed Type: Informational
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Most recent items from this feed:
Current Mortgage Rates | Mortgage Rates | Friday, February 3, 2012
Yesterday Freddie Mac’s Primary Mortgage Market Survey saw hit new record lows, with the average rate on a 30 year fixed rate mortgage hitting 3.87%. Based on the events of this morning, I do not think we will see a new record next week. Mortgage rates are rising on the basis of a relatively strong jobs [...]
02/03/2012 01:15 PM
Mortgage Rates: More Jobs = Higher Mortgage Pricing
A blowout Non-Farm Payrolls (NFP) report this morning has mortgage rates heading higher. After a week filled with data that was roughly in-line with expectations the NFP report blew away forecasts. The expectations were for 150,000 new jobs to be created in January, yet when the counting was done 243,000 new jobs were documented. This [...]
02/03/2012 09:45 AM
Current Mortgage Rates | Mortgage Rates | Thursday, February 2, 2012
Mortgage rates are improving somewhat this morning, despite a positive initial unemployment claims report (recall that mortgage rates usually get worse on good news). In all likelihood everybody is awaiting tomorrow’s non farm payroll report, and we won’t see a lot of movement one way or the other today. According to Bloomberg, the consensus expectation for [...]
02/02/2012 01:15 PM
Mortgage Rates: Change in Trend “Or Not”
As I discussed at the outset of this week, it was destined to be a very important week for mortgage rates. With more data of significance announced this week as compared to almost any other week during the year, we could see a major change in the mortgage trend. What has been a very favorable, [...]
02/02/2012 09:45 AM
Current Mortgage Rates | Mortgage Rates | February 1, 2012
It seems as though that mortgage rates will rise today, as the stock market is rallying early on somewhat positive employment news from ADP (+170k jobs in December), the ISM Manufacturing report showing an expansion in manufacturing (index increased from 52.7 to 53.9 in December), and the news that a Greek debt deal is going to happen [...]
02/01/2012 01:15 PM
Mortgage Rates: Obama to “Friend” Millions?
Today is the day that Facebook will file its initial public offering. There are also rumors that today is the day that President Obama will announce his plan to enable millions of homeowners to refinance at current historically low interest rates. In some ways, it’s as if he is sending a huge “friend request” to [...]
02/01/2012 09:13 AM
Home Prices Continue to Fall, Still we Lack a Real Housing Policy
The housing sector is not going to lead the economy out of the woods, not anytime soon: Home prices are still falling, according to the S&P/Case-Shiller Home Price Index for November, released this morning. This, of course, is not really news for anyone who took economics 101 given the weak demand for homes and the [...]
01/31/2012 01:26 PM
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