Category Archives: Casil Report

The Casil Report: A Financial Commentary on the Mortgage Markets

Good afternoon, Today, Monday (02/05/18): The 10 Year Treasury Yield dropped to 2.82%, meaning moderately lower mortgage rates than Friday. - The January 2018 U.S. ISM (Institute for Supply Management) Non-Manufacturing (Services) Index increased to an Index Level of 59.9 (56.0 Index Level during the previous month), coming in better than market expectations (56.2 Index Level).  This report shows continued strength in the U.S. service industry and was due primarily to a continued rise in new service orders and service…
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Mortgage and Housing Outlook: 2018

by Stephen Casil Vice President Secondary Marketing Manager scasil@elyons.com Where do I see mortgage rates going in 2018? According to the Freddie Mac Weekly Primary Mortgage Market Survey (PMMS), the average 30 Year Fixed Mortgage Rate dropped by approximately 0.25% in 2017, from 4.20% at the beginning of 2017 to 3.99% at the end of…
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The Casil Report: A Financial Commentary on the Mortgage Markets

Good afternoon, Today, Friday (11/03/17): The 10 Year Treasury Yield dropped slightly to 2.33%, meaning generally lower mortgage rates than yesterday. - The October 2017 U.S. Employment (Jobs) Report was released today. -> The Unemployment Rate dropped to an almost twenty year low at 4.1%, coming in lower than market expectations (4.2% Unemployment Rate). However,…
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Lyons Fall 2017 Mortgage & Housing Outlook

What can home-buyers expect in the 2017 Fall Housing Market? A continued decline in mortgage rates could have an added positive effect on housing demand for the fall home-buying season.  The average 30 year fixed rate mortgage rate has dropped to a year-to-date low from 3.93% to 3.78% over the past three months, according to…
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