by Alterna Mortgage | Dec 13, 2019 | Financing, Interest rates
There are rumors that our Fed is considering an idea to abandon its present 2% target rate for inflation in favor of a floating target where inflation would be allowed to rise above 2% for some time before considering hiking rates. This comes with two...
by Alterna Mortgage | Nov 8, 2019 | Interest rates
The trade negotiations with China dominated the economic news this week. Unexpected signs of progress in reaching a deal were unfavorable for mortgage rates. Stronger than expected economic data also was negative, and rates climbed to the highest levels since late...
by Alterna Mortgage | Oct 25, 2019 | Housing Market, Interest rates
The most significant economic data released this week came from the housing sector. In September, sales of previously owned (existing) homes, which make up about 90% of the market, fell a little more than expected from August but still were 4% higher than a year ago....
by Alterna Mortgage | Oct 18, 2019 | Interest rates, Refinancing
The stock market does not directly influence rates, but is a very good indicator on where rates may be going. I have mentioned in the past that bad news in the economy normally means rates will be decreasing. This is not always true, but most of the time it is. How...
by Alterna Mortgage | Oct 4, 2019 | Interest rates, Refinancing
Here comes the perfect storm for rates. You may want to get your refinance application in today. Or lock your purchase loans as this may be a small window that may only last for the next month or so. Remember: the rates are priced for what we think is going to...
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