What’s Ahead For Pleasanton Mortgage Rates This Week – July 1, 2013

The past week was active for economic news and Bay Area mortgage rates. The aftermath of the Fed's indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs. If you're thinking of buying … [Read more...]

Caution Ahead- Bay Area Mortgage Rates This Week – June 24, 2013

Caution Ahead- Bay Area Mortgage Rates This Week – June 24, 2013

Comments by Fed chairman Ben Bernanke after Wednesday's FOMC meeting caused havoc and interest rates to spike in financial markets as investors anticipated the potential effects of any rollback of the Fed's policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week – March 25th, 2013

What’s Ahead For Pleasanton Mortgage Rates This Week – March 25th, 2013

Last week's economic news was dominated by events in Cyprus and the Federal Open Market Committee (FOMC) meeting on Wednesday. Mortgage rates in the Bay Area improved last Monday as investors became concerned over news that a Cyprus bank bailout was in the works. Federal Reserve Holding Course … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week: March 18th, 2013

What’s Ahead For Pleasanton Mortgage Rates This Week: March 18th, 2013

Last week's positive employment reports were good news for the economy, which typically causes mortgage rates to rise, but mortgage rates ended the week lower. As of Thursday, Freddie Mac reports that the average mortgage rate for a 30-year fixed rate mortgage was 3.63 percent with borrowers … [Read more...]

What’s Ahead For Danville, CA Mortgage Rates This Week : September 17, 2012

Mortgage markets improved last week for Danville Home Buyers and individuals looking to refinance as the Federal Reserve introduced new economic stimulus. The move trumped bond-harming action from the Eurozone, and a series better-than-expected U.S. economic data. Danville Fixed Mortgage Rates The … [Read more...]

What’s Ahead For Pleasanton, CA Mortgage Rates This Week : September 4, 2012

Pleasanton Mortgage markets improved last week for the second consecutive week. Lite Volume Leads to Break in Interest Rates With no news coming from Europe, Wall Street was focused U.S. economic data and Federal Reserve Chairman Ben Bernanke's planned public speech from the Fed's annual retreat … [Read more...]

Mortgage Guidelines Resume Tighten As Bay Area Housing Booms

Mortgage Guidelines Resume Tighten As Bay Area Housing Booms

With an upsurge in demand, banks resumed tightening standards for residential mortgage loans, the Federal Reserve reported Monday in its quarterly survey of bank lending standards. Our nation's banks remain cautious about what they will lend, and to whom. Mortgage Standards for "Prime" … [Read more...]

The Fed Starts A 2-Day Meeting- Is it Time to Lock You Mortgage Rate?

The Fed Starts A 2-Day Meeting- Is it Time to Lock You Mortgage Rate?

  The Federal Open Market Committee begins a 2-day meeting today in the nation's capitol. It's the group's third of 8 scheduled meetings this year. Mortgage rates are expected to change upon the Fed's adjournment. Led by Chairman Ben Bernanke, the FOMC is a 12-person, Federal Reserve … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week : March 12, 2012

What’s Ahead For Pleasanton Mortgage Rates This Week : March 12, 2012

Mortgage markets were mostly unchanged last week despite a series of positive developments. In addition to Greece successfully reaching a deal with its private creditors, the U.S. economy turned out strong reports -- most notably with respect to Non-Farm Payrolls. Jobs Drive Interest Rates In … [Read more...]

Pleasanton Mortgage Rates Improve Last Week; What’s Ahead : January 9, 2012

Pleasanton Mortgage Rates Improve Last Week; What’s Ahead : January 9, 2012

Mortgage markets improved last week, pushing mortgage rates in California lower for the second straight week in the New Year. Pleasanton fixed and adjustable-rate mortgage cut new, all-time lows, and FHA mortgage rates did the same. In a holiday-shortened trading week, stronger-than-expected U.S. … [Read more...]