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

Jobless Claims increase again…

Today’s 10-year bond moved dramatically in our favor. Whenever news about “jobless claims increasing” comes out you should expect rates to come down little. April’s Industrial Production report was also released this morning and it stated a 0.7% decline in output. This was a much more than the 0.3% decline that analysts expected. We saw [...]

Continue reading...

Market changes that can affect your ability to qualify for a mortgage

We saw major volatility last week, which resulted in lower mortgage rates. The week ended with mortgage rates a little bit higher than the rest of the week, so if you were lucky enough to catch the downswing, you took full advantage of the lowest rates. However, they are still lower than they have been [...]

Continue reading...