It’s now closer to the time when holidays and days off are further in the rear view mirror and it’s back to the standard routine. Investors are back in the markets packing their portfolios with stocks, mutual funds and bonds and analysts are moving back in the guessing game as to the state of the […]
The Five Most Important Economic Reports That Can Affect Mortgage Rates
Have you ever wondered how and why mortgage lenders adjust their mortgage rates their borrowers can choose from each day? One would think it’s a lot of work to make a daily rate change, right? I mean, why doesn’t a lender just post a rate and let it stay that way for a few days? […]
Why Lenders Ask for the Things They Do
Whether it’s applying online, meeting a loan officer face-to-face or having a conversation over the phone about a new home loan application, you’re provided with a list of things the lender will need to see before underwriting the file. Because mortgage lenders follow the same basic lending guidelines they all ask for the same basic […]
Mortgage Rates May Push Upward
Mortgage Rates May Push Upward Later This Week Dependent on Retail Sales Data Mortgage rates managed to drift slightly downward last week, with no big surprises to press rates significantly in any direction. The ISM indices split direction, with the manufacturing index posting a decline, and the services index moving upward. Both indices remain above […]
