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Weekly Mortgage Rate Update for July 21, 2013 - CU Mortgage Division

Weekly Mortgage Rate Update for July 21, 2013 - CU Mortgage Division | Real Estate and Mortgages | Scoop.it
Weekly Mortgage Rate Update for July 21, 2013

July 21, 2013 in Daily Mortgage Interest Rate Update

This week brings us only four pieces of economic data that have the potential to influence mortgage rates in addition to two Treasury auctions. We are also still in corporate earnings season, so any surprises in those releases could affect stock and bond trading, leading to changes in mortgage rates. There is mortgage rate-relevant data set to be posted four of the five days this week.

Maya Swamy's insight:

A comprehensive article on what is happening this week and how it mighyt improve mortgage rates.


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Mortgage Rates Bounce Back to Week's Lows

Mortgage Rates Bounce Back to Week's Lows | Real Estate and Mortgages | Scoop.it
Mortgage rates were lower today right out of the gate, continuing a move set in motion by comments from Fed Chairman Bernanke late in yesterday's session.
Maya Swamy's insight:

The panic over the possible Federal Reserve actions seems to be receding and interest rates are lowering again.  This should last some months but if you are looking for a mortgage the time to act is now.


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#Housing101: What is a mortgage?

#Housing101: What is a mortgage? | Real Estate and Mortgages | Scoop.it

Via Mark A. Mellor
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A good article fron HUD explaining the ABCs of a mortgage and the different agreements and documents that make up a mortgage.


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6 Reasons You Should Get a Mortgage Now

6 Reasons You Should Get a Mortgage Now | Real Estate and Mortgages | Scoop.it
6 Reasons You Should Get a Mortgage Now - Should we wait to refinance or apply for a loan? Are rates going up while inventory is going down?
Maya Swamy's insight:

It is ismple.  Mortgage rates are going up!  Home prices are going up!.  Now may be the time to get that mortgage.


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