Amy Cutts
Amy Cutts
began economy expanding feels figures financial growth markets mortgage nowhere optimistic rates released result today
With financial markets more optimistic that the economy is expanding nicely, mortgage rates had nowhere to go but up this week. Then, as a result of the GDP figures released today (Thursday), the market began weighing which part of GDP it feels is most dominant, growth or inflation.
below calmed chance expected fixed giving hike mortgage near optimistic outlook percent rate rates stay steady tuesday
The Fed's rate hike on Tuesday was expected and the Fed's cautiously optimistic outlook calmed the market. As a result, 30-year fixed mortgage rates should stay steady near or just below 6 percent for a while, giving prospective homebuyers another chance to get in with a low rate.
appreciation five good housing percent rate reflects strong
Five percent on its own would be good news. That's a good rate of appreciation and reflects a strong housing market.
buy goods house money paid services sold
If they sold their house today, they would still get more money than they paid for it. But they won't be able to buy as many goods and services as they could before.
biggest owners people transition
People who are making the transition from renters to owners will find it the biggest hurdle.
combined consumer decline domestic figures gross housing led lower mortgage price producer rates recently released
Lower figures for the recently released producer price index and consumer price index and lower, but still strong, gross domestic product, combined with the seasonal slowdown in the housing market, led to another decline in mortgage rates this week.
combined decline domestic figures gross housing led lower market mortgage price rates recently released strong
Lower figures for the recently released producer-price index and consumer- price index, and lower but still strong gross domestic product, combined with the seasonal slowdown in the housing market led to another decline in mortgage rates this week.
bond fed financial indicator key last market mortgage move rates relatively remained stable statements
Shrugging off statements by the Fed last week, mortgage rates remained relatively more stable than bond market yields. Without a key indicator that would move it one way or another, the financial market is in something of a state of limbo.
bit enthusiasm housing starting
We are starting to see a little bit of a slowdown in the enthusiasm for housing as an investment.
came expecting figures financial growth job markets order taken thousand
Expecting job growth on the order of about 150,000 in December, financial markets were taken aback, to say the least, when those figures came in at only a thousand new jobs.
above below contract expect four historical last mortgage percent rates remain rise rising weeks year
Even with rising mortgage rates over the last four weeks, 30-year fixed-rate mortgage rates remain an historical bargain. To date, contract rates for these mortgages have been below 6 percent for 31 weeks in a row, and we don't expect these rates will rise very much above 6-1/4 percent by year end.
alan chairman cool effective efforts evidence federal greenspan reserve
That's a big slowing. It's evidence that the Federal Reserve and Fed Chairman Alan Greenspan are being effective in their efforts to cool the economy.
believe bond market
Every once in a while the bond market does believe Greenspan.
ahead bit bond causing continued correction eight fell few financial markets mortgage past quickly rates rise saw time volatility week yields
The bond markets got a little ahead of themselves, causing yields to rise too quickly over the past few weeks. This week saw a bit of a correction and mortgage rates fell for the first time in eight weeks. Continued volatility in financial markets, however, will keep rates teetering up and down for some time to come.