Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.
Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.
Starting soon, nearly all home buyers and refinancing households nationwide will pay higher Florida mortgage loan fees. Congress has made it law.
Conforming and FHA mortgage rates in Florida fell last week, extending a rate rally that dates to early-April. Mortgage rates have fallen to several, new, all-time lows during this period and last week was no different.
Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and FHA mortgage rates in Florida moved higher on the week.
Conforming and FHA mortgage rates rose for the first time in 5 weeks last week, pulling mortgage pricing off its best levels of the year.
Florida Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. It’s the 4th straight week in which conforming mortgage rates improved.
TweetYesterday, I reported on what I think Florida Mortgage markets may look like over the course of the coming week. Today, I want to delve a bit deeper into the how and why of it all. As we know, mortgage rates in Florida and across the nation spiked a bit last week as investors responded…
Florida mortgage markets improved last week as we received little news of note from economic centers and the Fed’s report was pretty tame, all told. However, this week may have mortgage rates jumping.