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Bart Castelli NMLS #417680 - Homestar Financial Corporation - NMLS #70864
32 followers -
Real Estate Home Loans Mortgage Financing Conventional FHA VA
Real Estate Home Loans Mortgage Financing Conventional FHA VA

32 followers
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Mortgage Rates in Limbo Heading into FOMC Meeting
Mortgage rates resumed their recent uptrend today,
after taking a quick break to end the week last Friday.  The result is another push up to the highest
levels in just over 3 weeks. Stocks continue to edge higher. The bond market
also edging higher (rates) ...

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Mortgage Rates Level Off - Waits for Next Week FOMC Meeting
Mortgage rates were steady, confirming the end of a
somewhat abrupt correction from last week's 2017 lows.  In other words, rates rose quickly during the
first days of the week and spent the last 3 days leveling off.  This week we saw stocks up and interest...

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Mortgage Rates Not Moving Even With Weak Data
Mortgage rates are moving sideways todays with no real
push one way or another.  Retail sales
this morning took a big dip, as it was supposed to be a positive number but
came in with a negative number.  A huge
miss, but according to the initial chatter from...

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Mortgage Rates Flat
Mortgage rates tried to move higher today, but there
was a slight resilience in underlying bond markets. Tax cut hearings began in the Senate Finance Committee
today. Nothing but the usual barbs between Republicans and Democrats, but at
least it is a beginn...

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Mortgage Rates Not Moving Despite Good Data - North Korea Again in the Picture
Rate markets opened unchanged early this morning and
have been basically even towards mid-day. 
At 11:00AM, the 10yr is at 2.20% and MBSs are flat.  Weekly jobless claims were expected to come in higher
than last week, especially in Light of the two hurrica...

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Mortgage Rates Held Steady Today
Mortgage rates held steady today, and were slightly
lower in some cases. However, as much as they may have moved lower, they did
try to make a move higher. Needless to say, I was trying to figure out which way
this roller coaster was going to move.  This
mo...

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Mortgage Rates Bouncing Upward Off 2017 Lows
Mortgage rates continued higher at a reasonably abrupt
pace today as last week's issues are now completely reversed.  What happened?  The ongoing risk-aversion trade given the
rising geopolitical tension surrounding North Korea and the economic
uncertainty ...

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Mortgage Rates Moving Sideways Today
Mortgage rates are moving sideways today after a huge
global stock market rally yesterday with only the UK stock market in the red.
Relief that Irma did not do as much damage as expected and relief that the
North Korea tensions have momentarily ebbed. The U...

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Mortgage Rates Do Not Have a Good Day
Mortgage rates did not have a good day.  However, one must put this into perspective
as last week we hit the lows for 2017 – so if you look at this overall, the
rates are a tad higher, but still relatively low just compared to last month’s
rates. Assessing ...

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Mortgage Rates Moving Higher Today After Irma
Irma has passed, North Korea did not launch another
ICBM as was rumored. The dollar is improving and US and global rates increasing
on the lessened drive to safety. US stock indexes are trending higher and there
is no data to think about today – and the mor...
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