The rate on a mortgage loan is often the most significant factor in how much an owner will ultimately pay for their home. Monetary policy, market inflation, and the overall economy all play a part in determining when it rises and falls. Currently, the United States is experiencing remarkably low rates by historical standards, below five percent in most cases, that contrast harshly with those in Continue Reading
Mortgage Rates Market Analysis for the Week of March 19, 2018.
It was a relatively quiet week last week for mortgage rates ahead of the Fed meeting on March 21.The primary surprise was a decline in retail sales, which was positive for mortgage rates, and rates finished last week slightly lower. Consumer spending accounts for about 70% of economic activity in the U.S., making the retail sales data a highly anticipated report each month. Following the Continue Reading