Tag Archives: Mortgage Rates

From roughly mid-spring to now mid-summer, mortgage rates have moved up approximately half a point, which is a big move in the mortgage industry. Recent job gains in June have exceeded analyst expectations, raising expectations that the Federal Reserve will follow suit with a rate increase. It is now expected that the Fed will begin to raise short-term rates for the first time in approximately eight years in September 2015. The expectation has a lot of people wanting to purchase this year to lock in that low rate for the next 15 to 30 years. I have also has quite …

  Remember the childhood story of Goldilocks and the Three Bears, where this bed is too big and this bed is too small but this bed is just right? Can the market be at a point where everything is just right? Mortgage rates as of the day I am writing this article are below 4 percent for a 30-year fixed. Real estate prices are moving up and oil and gas prices are at multi-year lows. And while the economy isn’t speeding along, we have seen unemployment come down without being accompanied by wage inflation. Inflation overall has been below the …