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Mortgage Rates Moving Lower

MORTGAGE RATES MOVING LOWER ON RETAIL SALES MISS ___ Published Date 5/12/2017 Two 8:30 AM EST data points this morning. April retail sales, expected up 0.6% was +0.4%, excluding auto sales expected +0.5% was +0.3%. March retail sales originally reported…

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Daily Mortgage Market Overview

___ Published Date 5/9/2017             TODAY'S MORTGAGE RATE SUMMARY JOB OPENINGS UNEXPECTEDLY TICK UP HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage Backed Securities (MBS)…

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MARKETS FLAT AFTER FRENCH ELECTION ___ Published Date 5/8/2017 Unchanged in the stock and bond markets early this morning. The French election went as widely expected; Le Pen got beaten badly, so France will not be in danger of leaving…

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Warning to Home Buyers

HOME BUYERS GET SCAMMED OUT OF $200,000 Home buyers, a Minnesota couple, fell prey to an email scam and ended up losing over $200,000. Here’s how it unfolded and how you can protect yourself. They received an email from what…

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Mortgage news update

MORTGAGE RATES FLAT AS MARKETS AWAIT FED STATEMENT ___ Published Date 5/3/2017 A flat start this morning in the bond and mortgage markets after improving yesterday. At 7:00 this morning the weekly MBA mortgage applications; the composite index -0.1%, purchase…

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