Mortgage rates keep rising despite recession fear
Fed won’t let rates skyrocket And there’s still a possibility that the Federal Reserve may provide more economic stimulus, which could push rates down. Mere speculation that the Fed may go into...
View ArticleMortgage rates tumble near record lows again
What’s good for the economy isn’t good for rates On Wednesday, the Commerce Department said economic growth in the second quarter of this year was better than expected. The country’s gross domestic...
View ArticleVideo: Mortgage rates for Aug. 30, 2012
I’m Greg McBride with Bankrate.com and here is your weekly look at mortgage rates. After four straight weeks of moving higher, mortgage rates reversed course and headed lower. The benchmark 30-year...
View ArticleVideo: Mortgage rates for Sept. 6, 2012
I’m Greg McBride with Bankrate.com and here is your weekly look at mortgage rates. Mortgage rates were mostly lower for the second straight week, with the benchmark 30-year fixed mortgage rate inching...
View ArticleMortgage rates remain quiet before the Fed
What would QE3 or no QE3 mean for rates? In theory, if the Fed announces QE3, rates should drop. That’s because as the Fed buys mortgage or Treasury bonds (or both), the yields on those bonds normally...
View ArticleMortgages hop because of budget squabbling
If it weren’t for the Fed printing billions of dollars a month to buy mortgage bonds, borrowers would be facing higher rates today, some mortgage professionals say. The Fed is “attempting to create...
View ArticleVideo: Mortgage rates for Dec. 13, 2012
I’m Lucas Wysocki with your weekly look at mortgage rates. Despite the Fed’s efforts to keep mortgage rates down, the benchmark 30-year fixed-rate mortgage inched up 2 basis points to 3.52 percent. The...
View ArticleMortgage rates rise despite Fed’s intention
Based on how well the stock market has performed in the past few days, it seems that many investors are betting that politicians in Washington, D.C., will come to an agreement to avert the so-called...
View ArticleMortgage rates rise to highest level yet of 2013
“Rates will stay low up until the point that the Fed stops purchasing mortgage bonds,” says Derek Egeberg, a branch manager at Academy Mortgage in Yuma, Ariz. The Fed has been printing $85 billion per...
View ArticleMortgages rise, but rates remain appealing
“The bond market has good days and bad days, depending on what economic release may be coming out or which Fed (member) might be talking,” McAllister says. “Some of them are a little bullish and some...
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