Rates Rise After Jobs/Powell; Refi Outlook Not So Good Despite Recent Rate Drop

Mortgage rates hit the lowest levels in nearly a year as of yesterday afternoon. In general, they've had a one track mind for the better part of two months. Today brought the first real challenge to the recent trend. In plain terms, yesterday brought us the biggest single day drop in mortgage rates of this cycle and today completely erased it. As the headline suggests, today's jobs report had quite a lot to do with the bounce. Strong economic data is generally an enemy to low interest rates, but the impacts vary widely depending on the report. The jobs report is universally considered to be the most important of the monthly economic data. This one in particular was likely to be scrutinized due to recent policy comments from the Fed. It ended up being one of the strongest examples in more than

from
http://www.mortgagenewsdaily.com/reports/newsletter/2019/1/4/3717

Mortgages vs Treasuries; Rates Down Big; Applications Not Responding Yet

Mortgage rates have been plummeting , depending on your definition of the word. To be sure, the past 2 months have no competition in nearly 3 years. The past few days have been special in their own right. Whereas there was cause for concern about the new year bringing a bounce for stock prices and mortgage rates, stocks haven't done much of anything in the context of their late-2018 volatility, and mortgage rates have dropped another eighth of a percentage point (or more, depending on the lender). There are now lenders quoting 30yr fixed rates as low as 4.375% on top tier scenarios with the average lender back to 4.5%. That's quite a jump from the 5.125% average at the recent highs (just 2 months ago). There's still risk associated with the new year, however. Tomorrow's jobs report is still

from
http://www.mortgagenewsdaily.com/reports/newsletter/2019/1/3/3715

Home Prices Still Up More Than 5% Despite Slowing; Rates Still Partying

Mortgage rates didn't have much to celebrate in 2018--at least not until the last few months. But those last few months were quite nice! Despite uncertainty heading into the new year, rates managed to drop again to kick things off--effectively keeping the New Year's party going. The average lender is now down to the lowest rates since early 2018 . For some, that means April. For others, it means February. Either way, it's meaningfully lower compared to the recent highs. For example, lenders are quoting rates that are roughly half a percentage point lower compared to early November. On top of this, mortgages had been underperforming other interest rates so much in 2018 that there may be a correction to that trend (i.e. mortgages were so badly shunned by investors compared to Treasuries that

from
http://www.mortgagenewsdaily.com/reports/newsletter/2019/1/2/3713

Rates Rise After Jobs/Powell; Refi Outlook Not So Good Despite Recent Rate Drop

Mortgage rates hit the lowest levels in nearly a year as of yesterday afternoon. In general, they've had a one track mind for the better part of two months. Today brought the first real challenge to the recent trend. In plain terms, yesterday brought us the biggest single day drop in mortgage rates of this cycle and today completely erased it. As the headline suggests, today's jobs report had quite a lot to do with the bounce. Strong economic data is generally an enemy to low interest rates, but the impacts vary widely depending on the report. The jobs report is universally considered to be the most important of the monthly economic data. This one in particular was likely to be scrutinized due to recent policy comments from the Fed. It ended up being one of the strongest examples in more than

from
http://www.mortgagenewsdaily.com/reports/newsletter/2019/1/4/3717

Buy Like A Pro - Show 517

Real Estate Today Radio - SHOW 517

On this week's Real Estate Today, it's our special show "Buy Like A Pro."

This Week's Show Includes:
- Top News Of The Week
- Buyer Resolutions – Part One
- Buyer Resolutions – Part Two
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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http://retradio.com

Mortgages vs Treasuries; Rates Down Big; Applications Not Responding Yet

Mortgage rates have been plummeting , depending on your definition of the word. To be sure, the past 2 months have no competition in nearly 3 years. The past few days have been special in their own right. Whereas there was cause for concern about the new year bringing a bounce for stock prices and mortgage rates, stocks haven't done much of anything in the context of their late-2018 volatility, and mortgage rates have dropped another eighth of a percentage point (or more, depending on the lender). There are now lenders quoting 30yr fixed rates as low as 4.375% on top tier scenarios with the average lender back to 4.5%. That's quite a jump from the 5.125% average at the recent highs (just 2 months ago). There's still risk associated with the new year, however. Tomorrow's jobs report is still

from
http://www.mortgagenewsdaily.com/reports/newsletter/2019/1/3/3715

Boss Battle Games moving to Castleton

Also this week: Performance Bicycle, Pia Urban Cafe and 10 Johnson Avenue.

from
https://www.ibj.com/blogs/19-property-lines/post/71913-boss-battle-games-preparing-to-move-to-castleton-square-mall