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Same Old, Same Old for Now

Same Old, Same Old for Now

Meet the mortgage rates for this week, which are like the mortgage rates from the previous week.  Mortgage rates from the previous week were like mortgage rates the week before that.

Mortgage rates have held within a tight range through July. A quote on offer today differs little from a quote on offer three weeks ago. Upfront costs would be the differentiating factor.

A Tale of Two Opinions

A Tale of Two Opinions

Will interest rates rise or fall? The answer is “it depends.” It depends on whom you ask. Opinions are divided.

The speculators are of one opinion. Grant’s Interest Rate Observer reports that net-short positions in 10-year U.S. Treasury note futures reached a record of more than 500,000 contracts in the first week of July. These traders are betting, with conviction, that the price of the 10-year note will fall and its yield will rise.

Why Self-Employment Doesn't Lock You Out of a Mortgage

Why Self-Employment Doesn't Lock You Out of a Mortgage

Applying for a mortgage can be time-consuming and stressful, but this isn't the case for borrowers who choose the best lender to work with. The situation is similar for prospective borrowers who earn a living from self-employment or as a business owner. For these individuals, getting a mortgage, let alone a good one, used to be a trying process. But when working with a lender like us, with innovative solutions for a wide variety of mortgage borrowers, this old belief doesn't really apply.

Mortgage Rates Fall; Recession Fears Rise

Mortgage Rates Fall; Recession Fears Rise

The trade imbroglio between the political powers that be in Washington and the political powers that be in the rest of the world continues to weigh on market sentiment. Market participants remain cautious. Heightened uncertainty has kept many of them bottled up in haven investments.

Buying a Home with a Better Jumbo Loan

Buying a Home with a better Jumbo Loan

Jumbo loans are mortgages that exceed the standards set by housing finance corporations like Fannie Mae and Freddie Mac. These and other standards make it easier for millions of Americans and the lenders they work with to obtain financing to purchase a home. However, there are drawbacks to the system. There needs to be a better jumbo loan fit for the modern homebuyer, especially the first-time buyer.


Rates Remain Subdued on the Usual Fears

Rates Remain Subdued on the Usual Fears

Wars always escalate. Trade wars included. One side advances with force. The other side retaliates in kind, and then some.

Escalating trade-war retaliations have extracted a toll on investor confidence. Many investors continue to seek shelter in haven investments. U.S. Treasury securities are the haven of choice for many. Yields across the continuum have drifted lower through June. Yields on the long-end of the continuum have drifted lower than most.

War bluster Holds Mortgage Rates in Check

War bluster Holds Mortgage Rates in Check

Wars are rarely a good thing. The costs nearly always outrun the benefits. A trade war is a war. A trade war looms.

President Trump announced $50-billion worth of tariffs on Chinese imports late last week. Retaliation was inevitable. Hours after Trump’s announcement, China’s Finance Ministry issued a list of 545 product categories of U.S. imports on which China will impose a 25% tariff.

Fed Raises Interest Rates: What Does it Mean to Us?

Fed Raises Interest Rates: What Does it Mean to Us?

Federal Reserve officials came and went this past week. Before they went, they raised the target range on the federal funds rate to 1.75%-to-2.00%. The range was lifted 25 basis points (a quarter of a percentage point) above the previous range.

Higher Interest Rates for Everyone

Higher Interest Rates for Everyone

Arrivederci

That’s all we can say to the lower mortgage rates that breezed by in May. Mortgage rates moved notably higher over the past week. The prime 30-year fixed-rate conventional loan led the brigade. It reclaimed the 4.625%-to-4.75% range it had abandoned for lower terrain last month.

Why Alternative Mortgages Are a Smart Choice

Why Alternative Mortgages Are a Smart Choice

Traditionally, mortgages in the U.S. are financed by banks that also operate other lines of business, like offering deposit accounts and insurance products. But today, the American homebuyer is anything but traditional, and they are looking to lenders other than banks to fill the gap. Fortunately, financial institutions continue to create innovative mortgages that fit the diverse needs of borrowers, rather than forcing consumers to conform to rigid standards. The end result is more people with the financing to afford the home they need, rather than being shut out of homeownership entirely.