Welcome to the Total Mortgage Current Mortgage Rates Blog. There’s some economic data out today, but first, your daily mortgage rate forecast/advice.
Click here to get today’s latest mortgage rates.
Where are mortgage rates going?
We’re in the middle of a very slow week. There’s not much happening in the markets, and mortgage rates are basically staying flat. There are some bond auctions later in the day, but they shouldn’t have too much impact on mortgage rates. While mortgage rates aren’t rising at the moment, there is no reason to believe that they will stop ascending and reverse course down the mountain.
What does this mean for me?
We’re entered another lull for mortgage rates. As I don’t think this will be permanent, it could be a good opportunity for anyone looking to purchase a home or refinance to get in before rates begin to pick up again.
Today’s economic data:
Pending Home Sales Index
Pending home sales are at -2.5% for November, according to data out this morning from the National Association of Realtors. With mortgage rates spiking over 50 basis points these past two months, fewer buyers are entering the market.
Click here to get today’s latest mortgage rates.
Notable events this week:
Monday:
- Markets Closed
Tuesday:
- S&P Case-Shiller HPI
Wednesday:
- Pending Home Sales Index
Thursday:
- International Trade in Goods
- Jobless Claims
- EIA Petroleum Status Report
Friday:
- Chicago PMI
from Total Mortgage Underwritings Blog http://ift.tt/2i7Ju1G
No comments:
Post a Comment