MORTGAGE CREDIT NEWS BY LOUIS S. BARNES- 10/12/18
MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - Oct. 12, 2018 At the end of a week like this it is important to stay in touch with our sense of humor. Begin with the stock…
MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - Oct. 12, 2018 At the end of a week like this it is important to stay in touch with our sense of humor. Begin with the stock…
MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - Oct. 5, 2018 Mortgage rates since Wednesday have jumped, today pressing on 5.25% for lowest-fee loans... but, other than dazed lenders, nobody knows. “If a tree falls…
The Fed this week raised the overnight cost of money to 2.25%, the “prime” rate rising mechanically everywhere to 5.25%, and the Fed signaled additional .25% hikes every 90 days until the economy slows --…
The move is very slow, and not yet a true “breakout,” but long-term rates have crept up to a new level and are poised for more, above 3.00% for the 10-year T-note and above 5.00%…