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 5, 2013

The past week brought encouraging economic news from several sources causing pressure on Pleasanton mortgage rates. The FOMC statement indicated that the Federal Reserve has not set a date for rolling back its quantitative easing or "Tapering" program and ADP reported more private sector jobs … [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 – May 6, 2013

What’s Ahead For Bay Area Mortgage Rates This Week – May 6, 2013

Bay Area mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Average rates … [Read more...]

Fed Meeting Points To Continuing Low Interest Rates in the Bay Area

Wednesday's Federal Open Market Committee (FOMC) statement indicates the Federal Reserve's commitment to keeping long term interest rates and inflation under control. This should continue a pattern of low interest rates for Bay Area home purchasers and clients looking to refinance. The Fed will … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week – April 22, 2013

What’s Ahead For Pleasanton Mortgage Rates This Week – April 22, 2013

 Pleasanton Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average conforming rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week's 3.43 percent and 3.90 percent year-over-year. The average rate for a … [Read more...]