Tag Archives: usda home loans

My Thoughts for the Week of May 19, 2014

Not much on the economic calendar this week but what is there will draw a lot of attention. Both existing and new home sales for April, and the minutes from the last FOMC meeting (4/30) are the keys this week. … Continue reading

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My Thoughts for the Week of April 14, 2014

Last week was rough for US stocks, which often leads to money moving into bonds. Higher demand for “safe” Treasury bonds means lower yields (rates) for bonds and therefore mortgage rates as well. We’ll take that. Tensions over the issues … Continue reading

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My Thoughts for the Week of March 31, 2014

Today we wrap up the first quarter on 2014 and interest rates are slightly better than when we started off the year. There was a lot of fear in the bond/interest rate area 4 months ago when the Fed began … Continue reading

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My Thoughts for the Week of March 3, 2014

Proof that world conflicts can affect mortgage rates are once again in play. Turmoil in the Ukraine and Russian involvement has spooked traders throughout the world and this sends money into safe investments, like US Treasury bonds.  When demand for … Continue reading

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My Thoughts for the Week of February 24, 2014

We had a pretty uneventful last week with mortgage bonds and rates moving sideways in a fairly tight trading range. Not much scheduled for today but we have the potential for an interesting week ahead of us with some big … Continue reading

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My Thoughts for the Week of February 10, 2014

Before I was even out of bed last Friday I was on my phone checking the January employment report with some trepidation, but it was another solid report for interest rates. The market was expecting around +185k new jobs; the … Continue reading

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My Thoughts for the Week of February 3, 2014

A lot of recent turmoil in stocks with the Dow dropping over 5% in January and economic uncertainty in emerging countries. The result has been a safety move into US bonds once again which has helped lower mortgage interest rates. … Continue reading

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My Thoughts for the Week of January 27, 2014

A lot of economic data for markets to digest this week, including the FOMC meeting and policy statement being released on Wed. Markets are trying to anticipate whether the Fed will further reduce their Treasury and Mortgage bond purchasing. Economic … Continue reading

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My Thoughts for the Week of January 13, 2014

Happy New Year everyone, I’m back after a few weeks off from my Rate Update. The markets were pretty quiet thru the holidays until last week when rates were gifted the December Employment report.  ADP’s Private Payroll report of +238K … Continue reading

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My Thoughts for the Week of December 9, 2013

Last week was another week of strong economic data, causing interest rates to continue their climb week over week. The biggest contributor was the November Jobs data that once again was better than the markets were expecting. Really what this … Continue reading

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