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...]

Caution to Lock Interest Rates- Job Report Due Friday October 5th

It's a dangerous time for home buyers in the Tri Valley to be without a locked mortgage rate. The Jobs Report Friday morning, at 8:30 AM ET, the government releases its Non-Farm Payrolls report for September. More well-known as "the jobs report", Non-Farm Payrolls data has the power to move … [Read more...]

What’s Ahead For Mortgage Rates for Pleasanton, CA: Week Of May 29, 2012

What’s Ahead For Mortgage Rates for Pleasanton, CA: Week Of May 29, 2012

Mortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked at week's end. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated. Mortgage rates in Pleasanton California worsened slightly on the news, climbing … [Read more...]

Will Retail Sales Increase Mortgage Rates This Week? Pleasanton Home Loan News May 14, 2012

Will Retail Sales Increase Mortgage Rates This Week? Pleasanton Home Loan News May 14, 2012

Mortgage markets worsened slightly last week at weeks end as positive U.S. economic news overshadowed growing concerns for the Eurozone's future. Political and economic issues continue to weigh on Greece and Spain, and it's still unknown how France's new President will change that nation's fiscal … [Read more...]

Livermore, CA Mortgage Rates This Week : November 7, 2011

Livermore, CA Mortgage Rates This Week : November 7, 2011

Mortgage markets improved last week as optimism for a Greek Bailout program faded, triggering a global flight-to-quality assets. Fear of a Eurozone rift outweighed positive economic remarks from the Federal Open Market Committee and an in-line U.S. jobs report. Although the Federal Reserve said the … [Read more...]

A Window Of Opportunity for Mortgage Rates This Week : October 24, 2011

A Window Of Opportunity for Mortgage Rates This Week : October 24, 2011

Mortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points. A Window Of Opportunity Conforming rates across California eased, giving homeowners and … [Read more...]

What’s Ahead For Pleasanton Home Loan Rates This Week : September 12, 2011

What’s Ahead For Pleasanton Home Loan Rates This Week : September 12, 2011

Mortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row. The storylines should sound familiar by now. They are the same ones that have dictated the … [Read more...]

As New Jobs Flatline in the U.S.- Mortgage Rates Fall Across the Bay Area

As New Jobs Flatline in the U.S.- Mortgage Rates Fall Across the Bay Area

The U.S. economy is no longer adding new jobs. Last Friday, in its monthly Non-Farm Payrolls report, the Bureau of Labor Statistics reported that the U.S. economy added exactly zero new jobs in August as the national Unemployment Rate held steady at 9.1 percent. Despite the "zero" reading, the … [Read more...]

Strong Job Growth In July Trumped By Credit Downgrade- Mortgage Markets Move

More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June's originally-reported figures were both … [Read more...]

How to Lock a Mortgage Rate- A Rate Strategy For July’s Jobs Report

How to Lock a Mortgage Rate- A Rate Strategy For July’s Jobs Report

At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar if you are buying or refinancing a home. If you've been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be … [Read more...]