Fixed and ARM rates are about .125% higher since last Monday, but volatility continues, and rates have swung up and down as much as .375% on individual trading days. Last week, the Fed continued its commitment to “reduce tensions in bank lending” (as opposed to being a slave to markets as some claim) by cutting [...]

Hi everyone, welcome to my first WeeklyBasis of 2007. There’s not much spread between longer-term fixed and shorter-term ARM rates. This is because the Fed Funds Rate – an overnight rate that’s a benchmark for shorter-term loans – is currently higher than mortgage and Treasury bond yields which serve as benchmarks for longer-term loans. The [...]

Rates open even this week despite a barrage of news and data last week including a Presidential speech, a new Fed Chairman, the 14th Fed rate hike in 19 months, and a slew of big economic reports. It was a volatile week as predicted and rates were higher as of Friday, but concerns about America’s [...]

Rates are up about .125% since my last market report on October 10 (I was off last Monday). In the last report, I said rates may increase as we head toward the holidays, and this still holds. Energy prices are still high, and giving consumers less expendable income. As it gets colder, this price pressure [...]

The rate snapshot below is for reference for the week of September 15, 2003. Rates this week are holding at about 0.25% lower than in recent weeks. On a $600k loan, this is about $100 per month in savings. No rate moves are expected from Tuesday’s Federal Open Market Committee meeting. The next three months [...]