Home Mortgage Rates Archives - J.P. Cook

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic

Mortgage Interest Rates Reverse Course in 2017

June 8, 2017

First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers

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To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could

Instant Reaction: April Jobs Report

May 13, 2017

Market Outlook, Mortgage Rates

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The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for April: “This good jobs report for April should dispel any notion of a potential economic recession. Moreover, the continuing low levels of people filing for unemployment checks, as well as the high numbers of job openings,

Home Mortgages: Rates Up, Requirements Easing

April 13, 2017

Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

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The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. The Mortgage Bankers Association (MBA) quantifies the

Mortgage Rates Impact on 2017 Home Values

March 2, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

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There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors

What’s Ahead For Mortgage Rates This Week – January 30, 2017

January 30, 2017

Mortgage Rates

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Last week’s economic news included readings on new and existing home sales and mortgage rates. Also released were reports on new jobless claims and consumer sentiment. New and Existing Home Sales Lower in December According to the U.S. Commerce Department, sales of new homes fell to 536,000 sales on a seasonally-adjusted annual basis. This reading

What’s Ahead For Mortgage Rates This Week – November 14, 2016

November 14, 2016

Mortgage Rates

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Last week’s economic news included readings on job openings, consumer sentiment and the Federal Reserve’s monthly survey of senior loan officers. Weekly reports on mortgage rates and new jobless claims were also released. Freddie Mac noted that last week’s primary mortgage market survey did not include post-election readings as the survey information was gathered prior

What’s Ahead For Mortgage Rates This Week – October 31, 2016

October 31, 2016

Mortgage Rates

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Last week’s economic reports included S&P Case-Shiller Home Price Indexes, along with readings on new and pending home sales. Recurring weekly reports on mortgage rates and new jobless claims were also released. Case-Shiller: Pacific Northwest Shows Fastest Home Price Growth According to the Case-Shiller 20-City Home Price Index for August, home prices in Portland, Oregon

What’s Ahead For Mortgage Rates This Week – October 17, 2016

October 17, 2016

Mortgage Rates

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Last week’s economic news included reports on job openings, retail sales and weekly readings on average mortgage rates and new jobless claims. Job openings were lower in August after hitting an all-time high in July according to the federal government. Job openings fell to 5.44 million in August as compared to July’s reading of 5.83

What’s Ahead For Mortgage Rates This Week – October 11, 2016

October 11, 2016

Mortgage Rates

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Other than a release on construction spending, last week’s economic readings were dominated by labor and employment data including ADP Payrolls, Non-Farm Payrolls and National Unemployment. Weekly reports on mortgage rates and new jobless claims were also released. Construction Spending Drops in August Commerce Department readings on construction spending indicate that overall spending fell in