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Mortgage News Weekly

We are excited to share with you the latest updates and insights from the mortgage market Fed week! Everyone is expecting a much more tempered .25% increase from the Fed this week on Wednesday, and no, the Fed Funds rate is not the same as mortgage rates (short term debt vs long term debt) Still, it can indirectly affect mortgage rates confusing consumers that they […]

Mortgage News Weekly

We are excited to share with you the latest updates and insights from the mortgage market Mortgage Rates: Back to the rollercoaster. More improvement on Conventional conforming rates but movement elsewhere. Some clients were “lucky” and timed the market last week, but in all honesty, the first step is getting in contract on a property first. Then worry about rates! TECHNICALS Stabilizing […]

Mortgage News Weekly

We are excited to share with you the latest updates and insights from the mortgage market.  Mortgage Rates: What a welcome sight! Rates plummeted (relatively speaking) on Friday last week and held that trend this morning, the 9th. The unemployment report missed big time, and the market is reacting as if the rate hikes from the Fed are WORKING. As a […]

Mortgage News Weekly

We are excited to share with you the latest updates and insights from the mortgage market. Mortgage Rates: Mixed bag this morning. We’re worse on some fronts, better for FHA, and treading water on other scenarios. Last week’s $1.7T (Yeah, that’s Trillion with a T) spending bill  passed on 12/30 put the bond markets into a tizzy late last week with fears of […]

Mortgage News Weekly

Welcome to GTG Weekly! We are excited to share with you the latest updates and insights from the mortgage market. Mortgage Rates: We saw a nice dip early last week with the CPI (Consumer Price Index) for November being released. The market quickly gave up those gains after the anticipated Fed announcement on 12/14 and even back tracked for some […]