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Weekly Mortgage Update From John Gonos

by on December 15th, 2014 Leave a Comment

Policy Change in China Average 30-year fixed rate Week of 12/12 -0.12% Week of 12/05 +0.10% —————————- Stocks (Weekly) Dow: 16,875 -400 NASDAQ: 4,180 -100 The primary influence on mortgage rates last week was a reduction in the outlook for global economic growth, mainly due to a policy change in China. However, strong than expected […]


Mortgage Update From John Gonos for Dec 8 2014

by on December 8th, 2014 Leave a Comment Job Growth Surges Average 30-year fixed rate Week of 12/05 +0.10% Week of 11/21 -0.03% —————————- Stocks (Weekly) Dow: 17,275 +100 NASDAQ: 4,280 -10 Stronger than expected US economic data was negative for mortgage rates last week. Bond-friendly comments from the European Central Bank (ECB) helped limit the losses, however. Mortgage rates ended higher, […]


John’s Mortgage Update

by on November 24th, 2014 Leave a Comment

US Strong, Japan Not So Much Average 30-year fixed rate Week of 11/21 -0.03% Week of 11/14 0.00% —————————- Stocks (Weekly) Dow: 17,175 +200 NASDAQ: 4,290 +50 Last week, economic data outside the US had a greater influence on mortgage rates than relatively strong domestic data. Economic growth around the world continued to fall short, […]