Mortgage Rates Santa Clarita

Mortgage rates Santa Clarita continue to head down this week but we do expect a reversal soon. Home owners doing any sort of new mortgage application should lock the rates. Mortgage rates Palmdale, mortgage rates Valencia and mortgage rates Lancaster are all expected to rise in the upcoming week.

Treasuries –the 10 yr Bond at 1.88% down 3 bps and 30 yr MBSs up 23 bps and up 25 bps frm morning pricing by lenders. The stock indexes ended lower today but given the wide swings we call this a quiet one. Equity markets beginning to look top-heavy, possible correction coming. Equities are selling off, but the Euro remains stronger and WTI Crude is up 0.82% to $47.85. These three markets have tended to be correlated lately

Mortgage funds availability are normally based on the 10 Year Bond prices. When the Bond goes down, rates go up.

Mortgage Santa Clarita Tips

If you are looking to get a new home loan mortgage Santa Clarita hopefully some of the information in this article will help you. Rates go up and down all the time and the wise thing is to work with an experienced lender who will get you a good rate.

Feb new home sales looked good on the headline but it isn’t that good, the annualized sales at 539K is less than half of what housing was doing before the Wall Street meltdown. Sales were reported up 7.8% that is very likely to be revised downward when we see March new home sales next month. The increases reported was the best percentage increase since Apr 2008, that should tell you a lot.

St. Louis Fed Pres. Ballard in London today speaking, with not much to add, he worries markets that don’t believe the Fed is ready to increase rates may be in for a bad experience. “But there is this issue about the market expectation of the rate path being different from the committee’s expectation,” he told reporters. “So if we get all the way to the day we actually make the decision, and end up surprising the markets on that day, there is going to be a reconciliation on that day and that could be violent.”

Tomorrow mortgage applications are likely to be lower again. Feb durable goods orders at 8:30, a very key data point, expected up 0.7%, ex the volatile transportation orders +03%. Jan durable s increased 2.8%, ex transportation orders unchanged. March crude oil inventories out at 10:30.

Good luck on your new home loan Santa Clarita.