Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Mortgage Rates Kick Off Shorter Week Slightly Higher

Mar 27, 2018 - US mortgage rates remained reasonably flat on Monday, although some lenders did issue slightly higher rate sheets. This kept rates inside the extremely tight range in which they have been moving throughout the month of March. Last Tuesday, rates seemed like they could be heading for the lower...

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Mortgage Rates Return to Lowest Levels This Week

Mar 23, 2018 - US mortgage rates continued their downtrend yesterday, mainly as a result of market concerns about the new tariffs the Trump administration imposed on China. The international reaction to Wednesday’s interest rate increase by the Federal Reserve also played a role. Thanks to Jerome Powell’s...

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Even Higher Mortgage Rates Expected After Fed Meeting

Mar 22, 2018 - As widely expected, the Federal Reserve announced yesterday that it had decided to increase the Fed Funds rate by 0.25 points from 1.5% to 1.75%. During his testimony before congress ahead of the meeting, Jerome Powell had painted a positive picture of the economy in general and of inflationary...

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Fed Meeting Could Bring Large Movement in Mortgage Rates

Mar 21, 2018 - US mortgage rates increased to their highest levels in well over a week on Tuesday. That statement does not tell the whole story, however. If one looks at the actual amount of movement involved, yesterday was pretty ordinary. It only deserves the “highest during the past week” honor because of...

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Mortgage Rates Move Lower Again After Inflation Data

Mar 15, 2018 - US mortgage rates dropped on Tuesday after the release of inflation data that was mostly in line with expectations and the announcement that Rex Tillerson was leaving the White House. The Consumer Price Index, which is the most widely used national report on the average increase in consumer...

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