From Our Family to Yours: Happy Memorial Day Memorial Day is a federal holiday observed annually in the United States on the last Monday of May. Formerly known as Decoration Day, it originated after the American Civil War to commemorate the fallen Union soldiers of the Civil War. (Southern ladies organizations and southern schoolchildren had decorated Confederate graves in Richmond and [...]

Things were slow today with mortgage rates going into the holiday, with rates moving moderately lower, regaining yesterday’s losses. Every day this week has seen a reversal of the day prior for mortgage rates, giving back or making up for the prior day’s gains or losses. Today did see consumer confidence data come out at [...]

Today has been a quiet day on the mortgage front. There isn’t a whole lot of economic news being released this week and the New Home Sales data that was released today didn’t have much impact on mortgage rates, which have improved slightly, regaining fractional losses that occurred yesterday. The market is waiting for Jobless [...]

Once again, we’re starting the week coming off a record breaking week. While the downward movement is sometimes very small, the market continues to set new all time lows all the same. Last week saw the the possibility of a Greek exit from the Euro dominate headlines. This week will be no different with market [...]

Today saw mortgage rates improve today, albeit in a marginal way. This has been a busy week with European / Greek drama, a Facebook IPO, new historic record low mortgage rates and a release of the FOMC (Federal Open Market Committee) minutes from their last meeting. Europe Dominates Headlines Again We started the week with [...]

Yesterday saw mortgage rates take a breather from their downward path, despite breaking all time historic lows last week and mounting downward pressure in the form of European debt issues. The political and economic turmoil in Europe that market watchers have been observing for months has begun to frenzy as Greece looks to possibly stop [...]

Last week saw mortgage rates move again into all time record low territory, only to retrace higher slightly later in the week. Mortgage rates experienced downward pressure due to the news regarding the JP Morgan trading loss of over $2 billion dollars. This was good for mortgage rates because bad news tends to push investors [...]

Mortgage rates improved moderately today, marking a week that has once again brought mortgage rates to new all time historic lows. News regarding the JP Morgan trading loss of $2 billion dollars has helped rates improve a bit today. Europe has also played a role throughout the week in pushing mortgage rates down as we [...]

So far things have been fairly quiet and stable with mortgage rates this week in anticipation for today’s high risk event, The Jobs Report. Otherwise known as the Non-Farm Payrolls report, the Jobs Report is released on the first Friday of every month and provides analysts and market watchers with very important data about the health [...]

This week has been marked by historically low mortgage rates and one of the tightest trading ranges of the year. Mortgage rates changed very little throughout the week, ending the week very near to where they started. This means that if you have not already locked in your rate at the current historically low levels, [...]