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Archive for the 'Real Estate Market Trends' Category
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Ken Kaplan discusses how the current real estate market has been effected by the swings in the stock market. In addition, he talks about the Bank of America seminar at the San Diego Convention Center. For more information on this seminar, visit www.bankofamerica.com/outreachevent.
Information in this post is provided by Greg Wickstrand, Home Loan Consultant for HomeServices Lending. He is a guest blogger who provides us information from a lender’s perspective. For additional posts by Greg, please visit his BLOG.
What’s Ahead for Mortgage Rates this Week | November 1, 2010
By Greg Wickstrand
Mortgage markets remained highly volatile for the second straight week last week. Yet, over the course of 5 days, mortgage bonds ended the week relatively unchanged.
Conforming rates worsened Monday, Tuesday and Wednesday — rising as much as 3/8 percent as compared to the week prior — before settling lower through Thursday and Friday.
On the week overall, 30-year fixed rates worsened, 15-year fixed held steady, and 5-year ARMs improved.
And despite all the data released last week, it wasn’t the fundamentals that were causing rates to move. Instead, Wall Street was firmly focused on the Federal Reserve’s scheduled 2-day meeting Read the rest of this entry »