Preview Nov 14-18 econ data, stocks, rates, earnings, Europe. Why rates may rise.
WeeklyBasis
Rates in 3 tiers: loans to $417k, to $625k, to $2m
Last week's rates in 3 tiers: loans to $417k, loans to $625k, loans to $2m.
Rates were even to end last week after +/- .25% daily swings, and are still up .25% from all-time record lows set October 3-4. Another huge week ahead: Fed and ECB rate meetings, October jobs report, lots more earnings, and Europe’s debt crisis slogs on. Below I recap last week, then preview what’s coming. And
Rates were even to end last week after +/- .25% daily swings, and are still up .25% from all-time record lows set October 3-4. Another huge week ahead: Fed and ECB rate meetings, October jobs report, lots more earnings, and Europe’s debt crisis slogs on. Below I recap last week, then preview what’s coming. And
CONFORMING RATES ($200,000 to $417,000) 0 POINT: 30 Year: 4.125% (4.245% APR) FHA 30 Year: 3.875% (3.995% APR) 5/1 ARM: 3.0% (3.12% APR) SUPER-CONFORMING RATES ($417,001 to $625,500 cap by county) 0 POINT: 30 Year: 4.5% (4.62% APR) FHA 30 Year: 4.0% (4.12% APR) 5/1 ARM: 4.0% (4.12% APR) JUMBO RATES ($625,501 to $2,00,000) 1
Rates dropped .125% last week but are still up .25% from all-time record lows set the week of October 3. Next week is huge for U.S. economic data, corporate earnings, and Eurozone debt crisis updates. I’ll quickly recap last week, then preview what’s coming. Also please note: loan limits weren’t increased in Washington last week,
CONFORMING RATES ($200,000 to $417,000) 0 POINT: 30 Year: 4.125% (4.24% APR) FHA 30 Year: 3.875% (3.99% APR) 5/1 ARM: 2.875% (2.99% APR) SUPER-CONFORMING RATES ($417,001 to $625,500 cap by county) 0 POINT: 30 Year: 4.5% (4.62% APR) FHA 30 Year: 4.0% (4.12% APR) 5/1 ARM: 3.875% (3.99% APR) JUMBO RATES ($625,501 to $2,00,000) 1
Rates rose .125% last week after a .25% climb the week before. Rates are up .375% in the past two weeks, but still extremely low. My WeeklyBasis prediction last week was even rates as markets “start with rates up slightly on perception of progress in Europe, then fade.” It didn’t fade yet but I also
CONFORMING RATES ($200,000 to $417,000) 0 POINT: 30 Year: 4.25% (4.37% APR) FHA 30 Year: 4.0% (4.12% APR) 5/1 ARM: 3.375% (3.495% APR) SUPER-CONFORMING RATES ($417,001 to $625,500 cap by county) 0 POINT: 30 Year: 4.5% (4.62% APR) FHA 30 Year: 4.125% (4.245% APR) 5/1 ARM: 4.25% (4.37% APR) JUMBO RATES ($625,501 to $2,00,000) 1
Rates rose .25% last week as mortgage bonds sold 4 of 5 days on (weak but) better than expected economic data. Rates rise when bonds sell, and rates have now risen to lose the entire dip that came after the Fed’s September 21 commitment to keep rates low. This rate rise comes as headlines scream
CONFORMING RATES ($200,000 to $417,000) 0 POINT: 30 Year: 4.125% (4.245% APR) FHA 30 Year: 4.0% (4.12% APR) 5/1 ARM: 3.25% (3.37% APR) SUPER-CONFORMING RATES ($417,001 to $625,500 cap by county) 0 POINT: 30 Year: 4.5% (4.62% APR) FHA 30 Year: 4.125% (4.245% APR) 5/1 ARM: 4.25% (4.37% APR) JUMBO RATES ($625,501 to $2,00,000) 1
Rates held under 4% again last week. The link shows how rates closed Friday in the three mortgage price tiers: loans to $417k, to $625k, and to $2m. But rates change in real time. Example: they rose and fell .25% last week as Eurozone optimism did the same and U.S. home prices, jobless claims, and
CONFORMING RATES ($200,000 to $417,000) 0 POINT: 30 Year: 3.875% (3.995% APR) FHA 30 Year: 3.75% (3.87% APR) 5/1 ARM: 3.0% (3.12% APR) SUPER-CONFORMING RATES ($417,001 to $625,500 cap by county) 0 POINT: 30 Year: 4.25% (4.37% APR) FHA 30 Year: 3.75% (3.87% APR) 5/1 ARM: 3.875% (3.995% APR) JUMBO RATES ($625,501 to $2,00,000) 1
CONFORMING RATES ($200,000 to $417,000) 0 POINT: 30 Year: 3.875% (3.995% APR) FHA 30 Year: 3.75% (3.87% APR) 5/1 ARM: 3.0% (3.12% APR) SUPER-CONFORMING RATES ($417,001 to $625,500 cap by county) 0 POINT: 30 Year: 4.25% (4.37% APR) FHA 30 Year: 3.75% (3.87% APR) 5/1 ARM: 3.875% (3.995% APR) JUMBO RATES ($625,501 to $2,00,000) 1
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