What’s Ahead For Bay Area Mortgage Rates This Week – June 17, 2013

What’s Ahead For Bay Area Mortgage Rates This Week – June 17, 2013

Last week's news was relatively quiet with no data significant to the mortgage lending released until Wednesday, when the federal government announced a $138 billion budget deficit for May. According to the U.S. Treasury this figure is 11 percent higher than for May of 2012, but the federal … [Read more...]

What’s Ahead For Pleasanton, CA Mortgage Rates This Week : September 10, 2012

What’s Ahead For Pleasanton, CA Mortgage Rates This Week : September 10, 2012

Mortgage markets worsened slightly in last week's holiday-shortened week. As expected, Wall Street took its cues from Europe and from the U.S. jobs market, and mortgage rates moved across a wide range. Mortgage Rates Swung Through the Week Home buyers in the Tri Valley and would-be refinancing … [Read more...]

Pleasanton, CA Mortgage Rate News This Week : June 25, 2012

Pleasanton, CA Mortgage Rate News This Week : June 25, 2012

Mortgage markets worsened last week as Greece tentatively formed a government and the Federal Reserve extended its Operation Twist program by $267 billion. Market Uncertainty Leads to Lower Interest Rates Neither event, however, removed the uncertainty surrounding global markets. First, Greece … [Read more...]

Fed Meeting Could Move Danville, CA Mortgage Rates This Week : June 18, 2012

Fed Meeting Could Move Danville, CA Mortgage Rates This Week : June 18, 2012

Mortgage markets improved last week, moving mortgage rates in Danville California back on a downward trajectory. Wall Street investors bid down mortgage bond yields on weaker-than-expected economic data from the U.S. and concern for events within the Eurozone. Freddie Mac Rate Survey Freddie Mac … [Read more...]

Inflation Heating up the Bay Area Winter Months and Interest Rates

Inflation Heating up the Bay Area Winter Months and Interest Rates

So what does "Don’t fight the Fed" mean exactly, especially when it comes to home loan rates? Let’s answer that by going back a few months. In early November, when home loan rates were at all time lows, the Fed announced their plan to purchase $600 Billion in Treasuries through mid-2011. Dubbed … [Read more...]

The Fed Signals To Buyers To Lock Interest Rates Now

The Fed Signals To Buyers To Lock Interest Rates Now

The Federal Reserve released its December 14 meeting minutes Tuesday. There wasn't much there to disturb the mortgage markets. Thankfully. A Window To The FOMC Braintrust The "Fed Minutes" is an official recap of the most recent Federal Open Market Committee meeting. It's published 8 times … [Read more...]

Jobs Report an Unexpected Stinker for home loan rates

Jobs Report an Unexpected Stinker for home loan rates

"Don’t believe the hype." Unfortunately, the lyrics from Public Enemy’s hit song came true last week when the official Jobs Report for November was released. Overall, Traders were caught by surprise last Friday when the Jobs Report came in way below estimates. The private sector numbers also … [Read more...]

More information on interest rates- if your brain isn’t full already

More information on interest rates- if your brain isn’t full already

"ACTIONS SPEAK LOUDER THAN WORDS." And this week, we saw a whole lot of loud action in the volatile financial markets...and also heard a lot of words, as the debate over the Fed's latest round of Quantitative Easing continued. Here's what you need to know about what was said...and what happened to … [Read more...]

600 Billion dedicated in QE2 to boost stimulus benefiting Bay Area home loan rates

Image via Wikipedia The Federal Reserve decided Wednesday to pump another $600 billion into the economy in the hopes of bolstering what it called a “disappointingly slow” recovery. The capital injection will come in the form of purchases of long-term Treasury securities by the central bank, … [Read more...]

$8,000 Tax credit back on the table to buy a home for first time home buyers-

$8,000 Tax credit back on the table to buy a home for first time home buyers-

This article best explains the new changes of borrowing against your $8,000 tax credit to buy a home if youre a first time home buyer. HUD Clarifies Tax Credits Borrowers still need 3.5% of own funds May 29, 2009 By MortgageDaily.com staff The U.S. Department of Housing and Urban Development has … [Read more...]