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Mortgage Update from John Gonos

by on October 16th, 2014 Leave a Comment

  Dovish Minutes Help Mortgage Rates Average 30-year fixed rate Week of 10/10 -0.10% Week of 10/03 -0.05% —————————- Stocks (Weekly) Dow: 16,275 -300 NASDAQ: 3,940 -150 In a light week for economic data, dovish comments from the Fed and weakness in global stock markets were favorable for mortgage rates. After frequent wide swings, mortgage […]

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Mortgage Update from John Gonos

by on October 7th, 2014 Leave a Comment

US Growth on Track Average 30-year fixed rate Week of 10/03 -0.05% Week of 09/26 -0.02% —————————- Stocks (Weekly) Dow: 16,575 -150 NASDAQ: 4,090 -30 While the United States economy continues to show moderate growth, last week investors grew more concerned about the pace of economic growth outside the country. As a result, they shifted […]

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Mortgage Update

by on September 29th, 2014 Leave a Comment

From John Gonos at Regions Bank   Sandwiched between weeks containing the highest level of significant economic events, investors took a breather last week. In addition, the released economic data contained few surprises. As a result, mortgage rates ended the week with little change. Between the Sept. 16-17 Fed meeting, the upcoming European Central Bank […]

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