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Mortgage Rates Rise For The 7th Straight Day
Mortgage rates are rising. Homeowners have lost 10% of their purchasing power since November.
Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now
If your ARM is due to adjust this spring, your best move may be to let it. Don’t rush to refinance — your rate may be adjusting lower.
What’s Ahead For Mortgage Rates This Week : February 7, 2011
Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.
Unemployment Rate Drops To Lowest In 2 Years
This morning, at 8:30 AM ET, the Bureau of Labor Statistics released its Non-Farm Payrolls report for January 2011. Mortgage rates are rising in response.
Mortgage Guidelines Starting To Loosen?
Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.
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