Understanding Mortgage Rates | dripp inc | Home Equity | Refinancing and Remortgage Guide

Morning Market Update (Part 2)- Durable Good Orders higher means rising mortgage rates

Good Morning, As you may already have read, Durable Goods Orders came in MUCH higher than analyst’s expected.  According to fundamental economic reactions, this should stimulate a sell-off of bonds and an increased investment in the stock market.  We were all hoping that mortgage rates would come down today, but if the stock market does rise [...]

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Market Update - 8/26/2008: Excellent refinancing opportunity today!

Good Afternoon, Although we did not see a huge rally today in neither the bond nor stock market, lenders improved mortgage rates at around 4pm.  What caused this is relatively simple and was predicted as long as nothing big and unexpected happened in other news today.  Here’s the inside Dripp… The Fed did not take a confident decision to [...]

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