Bay Area Mortgage Rate News – NOVEMBER 4, 2013

Bay Area Mortgage Rate News – NOVEMBER 4, 2013

Last week’s economic news affecting Bay Area  mortgage rates came from a variety of sources. Most significant was the Fed’s Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of … [Read more...]

Bay Area Mortgage Rates and a Full Week of Economic Data- October 21,2013

Bay Area Mortgage Rates and a Full Week of Economic Data- October 21,2013

Bay Area mortgage watchers will be on high alert this week. Many of the economic and housing reports typically scheduled were delayed by the federal government shutdown. The National Association of Homebuilders Wells Fargo Housing Market Index for October was released Wednesday with a reading of … [Read more...]

Pleasanton and Dublin, CA Mortgage Rates and News This Week – August 26, 2013

Pleasanton and Dublin, CA Mortgage Rates and News This Week – August 26, 2013

Last week brought mixed economic news moving interest rates for Pleasanton and Dublin, CA home shoppers and clients looking to refinance. Leading Indicators released Thursday suggest that the U.S. economy is growing at a moderate rate. Mortgage rates for fixed rate loans were higher, but the … [Read more...]

A Look At Last Week and Pleasanton Mortgage Rates This Week – August 19, 2013

A Look At Last Week and Pleasanton Mortgage Rates This Week – August 19, 2013

Last week wasn't kind to stock market investors, and  mortgage backed securities down 182 basis points from Fridays close. Weekly jobless claims fell to an unexpected low of 320,000 new jobless claims filed, the lowest level in nearly six years. In short, mortgage rates jumped higher. Here is a … [Read more...]

Pleasanton Mortgage Rate News- August 12, 2013

Highlights of economic news that influenced mortgage markets from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. They indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending … [Read more...]

Bay Area Mortgage Rates and News This Week – July 15, 2013

Bay Area Mortgage Rates and News This Week – July 15, 2013

The Fed’s release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed’s recent statement concerning the wind-down of its current monetary easing policy. The minutes indicated that about half of meeting participants wanted to end … [Read more...]

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...]

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 Bay Area Mortgage Rates This Week — June 3, 2013

What’s Ahead For Bay Area Mortgage Rates This Week — June 3, 2013

Last week’s financial news was relatively limited due to the Memorial Day holiday and no economic reports being released on Wednesday. The biggest news in terms of housing and mortgages was the S&P/Case-Shiller Housing Market Indices (HMI) released on Tuesday. The March HMI data for … [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...]