Mortgage Rates Hold Ground Despite Market Weakness

2017 had proven to be a relatively good year for mortgage rates despite widespread expectations for a stronger push higher after the presidential election in late 2016. While rates remain low in absolute terms, they’ve moved higher in a more threatening way heading into the 4th quarter, relative to the stability and improvement seen earlier in 2017

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While rates and home prices hold demand in check, it’s still up thanks to the ongoing housing shortage. The disparity between supply and demand is the main feeding line to the growing home prices. The market still operates at a severe deficit, despite recent year-over-year gains in housing inventory and increasing housing starts.

"Market gains" mean different things when talking about bonds/rates (as opposed to stocks). In today’s case, bond markets improved while stocks lost ground. in terms of mortgage rates. In other.

FOREX-Euro weakens as dollar holds ground despite Fed rate cut bets.. falling below $1.25 as Brexit and economy concerns weigh ahead of British labour market date for the month of June due at 0930 gmt.. mortgage rates hold steady at long-time lows, good news for borrowers.

Mortgage Rates Back in Familiar Range For Now Larry Nutt Mortgage Consultant NMLS# 1228056. 260.571.0862 lnutt@fanchermtg.com. My career began in the banking/finance world, so when I bought my first home, I was already familiar with the mortgage industry.

Mortgage rates held their ground fairly well today, despite moderate weakness in underlying bond markets (which. This was very likely the deciding factor in bond markets being able to hold their.

The unemployment rate remained steady at 3.6%, but because of a decline in the participation rate to 62.8%. Wages’ growth was below the market’s expectations, up by 0.2% MoM and by 3.1% YoY.

Mortgage Rates Trickle to 1-Month Lows No Economic News Is Good News for Mortgage Rates, Which Remain Low. In the mortgage rate update for this week, rates hovered near last week’s low averages, with a 30-year fixed-rate at 3.67%.

Home loan rates were the same again today, in spite of moderate weakness in underlying bond markets. Bonds are the main component utilized in determining home mortgage rates, but the timing of market motion and lending institution choices can lead to inconsistencies in between the two. For circumstances, if market weakness takes place late enough in the trading day, numerous home loan lending institutions will wait until the following day to do anything about it in terms of upgrading their.

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The FHA will insure a mortgage, in the event a borrower defaults on a loan the lender is reimbursed. mortgage rates hold Steady Despite Market Weakness – Mortgage rates were broadly unchanged today. relative to the stability and improvement seen earlier in 2017 The default stance for now is that this trend toward higher rates has the.