Mortgage Rates1 – Unfortunately we lost ground this week and our benchmark rate climbed to 7.250% (APR 7.342%). There was not a lot of economic news to drive rates up; however, the few reports we did receive were not positive for mortgage rates. Retail sales in...
Mortgage Rates1 – We had a bit of rate relief this week and our benchmark rate dropped back into the sixes and is now at 6.999% (APR 7.082%). The primary market mover was last week’s BLS jobs report which came in weaker than estimates, signaling a bit of a softening...
Mortgage Rates1 – Rates ticked up again this week and our benchmark rate is up slightly from last week at 7.250% (APR 7.347%). It was another BLS jobs week (which hit expectations), and the ADP employment report for July came in much higher than expected at 324,000...
Mortgage Rates1 – Overall, rates moved up this week, climbing back into the 7%’s, even though our benchmark rate is only up slightly from last week to 7.000%. The big news of the week came from the Federal Reserve meeting where they decided to increase the Fed Funds...
Mortgage Rates1 – We lost some ground this week and our benchmark rate climbed back up to 6.990% (7.067% APR). There wasn’t any ‘big’ news this week, but Thursday’s initial jobless claims report, which measures individuals filing for first-time unemployment benefits,...
Recent Comments