It’s Time to Get Fiscally Fit
Mortgage Rates Climb in an Unsettled Market
Bill Starrels • August 21, 2013
Mortgage rates continue to climb to higher levels as the market prepares for an eventual Federal Reserve Bank decision to pull back from its bond-buying program.
The Fed has been buying $85 billion dollars worth of bonds and mortgage …
Mortgage: Rates Jump Higher
Bill Starrels • June 6, 2013
Late May was the worst period for mortgage interest rates in recent years.
Before the turnaround in the markets interest rates on 30-year fixed conventional mortgages was in the mid 3-percent range. FHA government backed mortgages were 3.25 percent …
Volatility In The Markets
Bill Starrels • May 23, 2013
Mortgage interest rates have become increasingly volatile in May. Money is flowing into the stock market and out of the bond market. When bonds sell off, yields go up. Mortgages usually follow the bond market.
Although recent mortgage interest …
Economic Numbers Continue to Impress
Bill Starrels • March 13, 2013
The February employment numbers blew the doors off consensus numbers. In February, the economy produced 236,000 new non-farm payroll jobs. The consensus was around 165,000. So the new numbers were 71,000 higher then predicted. The unemployment rate fell from …
Mortgage Standards Getting Tougher
Georgetowner • January 16, 2013
There is one constant in the mortgage industry these days. It is not easy getting a mortgage. Well, folks, coming to you in 2014 – even tougher mortgage standards.
The Consumer Financial Protection Bureau (CFPB) has announced new rules …
Interest Rates and the Fiscal Cliff
Bill Starrels • November 15, 2012
Mortgage interest rates during the presidential campaign season have remained in a relatively steady range.
Rates have been hovering near record lows. The fluctuations have been around a quarter point in rate. Rates for the balance of the year …