by Andy Davis | Feb 17, 2014 | Mortgage Information, Other Information
Last week mortgage rates moved up slightly. The new chair of the Fed, Janet Yellen, had her first testimony before congress and indicated that the economy was still moving in the right direction even though economic indicators pulled back slightly. More importantly her tone led prognosticators to believe that the Fed won’t change their course any time soon so rates will stay low. Look for rates to remain fairly stagnant with slight moves each way depending on the reported data. See current information at the Wall Street Journal Market Data...
by Andy Davis | Feb 10, 2014 | Other Information
Last week we saw mortgage interest rates drift downward. All the economic indicators are projecting slow growth with consumer confidence increasing in parallel with the growth. The unemployment rate remains at around 6.5% which is still less than full employment. Some key indicators for the real estate market are that housing starts and existing home sales are up and have been trending that way. With mortgage rates remaining low real estate investment should continue to increase. See current information at the Wall Street Journal Market Data...
