Articles from July 2015



Mortgage Rates Stay Steady After GDP

Mortgage rates were very close to unchanged despite market volatility surrounding the release of today’s GDP figures. GDP can occasionally cause a significant response in mortgage rates, and that’s especially true of the “advance” release. That’s due to the fact that the “advance” release is the first look at GDP for any given quarter. Subsequent […]

Mortgage Rates Continue Pushing July Lows

Mortgage rates continued modestly lower for the 5th straight day, further extending Friday’s push to the lowest levels of July. Even so, most borrowers will see the same rates on lenders quotes, with the improvements in the form of lower closing costs compared to Friday. The most prevalently quoted conventional 30yr fixed rates remain in […]

Mortgage Rates Barely Budge After Fed Announcement

Mortgage rates had an exceptionally boring day despite the presence of the Fed Announcement. Major communications from the Fed (which include announcements, meeting minutes, and certain speeches) always have the potential to cause significant movement in mortgage rates. Obviously, today’s didn’t. That’s not too surprising considering the statement was very little-changed from the previous version. […]

Mortgage Rates Finally Buck Trend

Mortgage rates bucked the recent trend of steady, modest improvements to end just slightly higher today. That said, the move was just as small as most recent examples, and barely returns most lenders to last Friday’s rates. At the time, those were the best of the month, so the current situation could be much worse. […]

Mortgage Rates Grind Out Another Small Victory

Mortgage rates are looking like they’ve exhausted the playbook in terms of making big moves down the field, yet they continue to pick up a few yards every play. Today was one of the less effective recent examples. More than a few lenders are priced right where they were at the end of the day […]

Mortgage Rates Trickle Down to July Lows

Mortgage rates barely budged for an impressive 7th straight day. Refreshingly, all but one of those days have seen rates budge slightly lower. In fact, today’s budging was just enough to get the average rate to the lowest levels seen in July . (To emphasize just how small the movements have been, some lenders moved […]

Lori Martin joins Jeff Baxter Mortgage Team as loan officer

… provides a wide range of residential mortgage loans, including conventional loans, refinancing, VA loans, FHA loans, reverse mortgages and more…. Google Alert – FHA Loans

Mortgage Rates Continue Holding Ground, but For How Long?

Mortgage rates haven’t made any sudden moves recently. Not only that, but most of the moves have been in a friendly direction this month. There have only been 2-3 days of volatility surrounding the Greek bailout negotiations (European bond market volatility spilled over into domestic bond markets, which affect mortgage rates). Other than that, it’s […]

Mortgage Rates Back to 2 Week lows

Mortgage rates reversed course today, getting back in line with the recent trend of slow, steady improvements. The average lender is now back in line with their best offerings in more than 2 weeks. This puts the most prevalent conventional 30yr fixed quote squarely in a range between 4.0 and 4.125% for top tier scenarios. […]

You have the right to a fair financial marketplace

The Consumer Financial Protection Bureau (CFPB) was created in the wake of the financial meltdown to stand up for consumers and make sure they are treated fairly in the financial marketplace. One way we accomplish this mission is by enforcing consumer protection laws, holding law breakers accountable for their actions. Since 2011, we have secured […]