It has been a while since I last provided an interest rate chart on this blog. Plus I was curious to see what the graph would look like. I knew rates were lower than earlier this year, but it’s always nice to see it plotted out. As you can see in the chart below, after [...]

Mortgage rates have been falling over the past few weeks. Here is a brief snapshot of how rates have been since the beginning of this year (data source: Freddie Mac): It’s rather interesting that the 5/1 ARM was hovering between the 30 year and 15 year rates earlier this year and has recently returned to [...]

If you think last week was a turbulent and volatile week for mortgage rates then brace yourself for the coming week. There are many important reports coming out this week, here is a sampling: Monday January 28th: New Homes Sale Tuesday Jan. 29: Durable Goods Orders Tuesday Jan. 29: Consumer Confidence Wednesday Jan 30: Chain [...]