Tag: mortgage rates

'The Santa Bubble: Why Mortgage Rates are Up Right Now

During the holiday season, interest rates rise by about 0.25 percent across the board, and buying a home this time won’t make buyers happy because they’re going to pay more for their loan than they would have before December. Here are some reasons why it is called the “Santa Bubble.”

'Quicken Loans: 'Planning To Invest In A Home? Buy Now'

People who are planning to buy a house or refinance an existing real estate loan only have a three- to six-month window before mortgage rates increase. A day after the Federal Reserve announced that they are increasing their interest rates, Quicken Loans CEO Bill Emerson encouraged prospective homeowners to make a move before it is already too late.

'Mortgage Market Update: Job Openings Went Down, Retail Sales Increase, Jobless Claims Increase

US Labor Department reports that job openings went down by 2.7% in October, leading to a 5.38 million reading. The percentage figure is in comparison to September's results that lead to a 5.5 million job reading and the all time high results of July's reading which is 5.67 million. The October reading is actually the third highest since 2009 when the recession ended. Analysts report that the gap between the job skills applicants bring in and the job skills employers seeks for do affect the entire hiring process. However, the fewer job openings can also mean that the said gap is already closing.
Real Time Analytics