Todays Rates: Purchase - 30 Year Fixed: 3.125%   APR: 3.201%     15 Year Fixed: 2.375%   APR: 2.494%      30 Year Fixed High Balance: 3.125%   APR: 3.205%      15 Year Fixed High Balance: 2.500%   APR: 2.608%          Refinance - 30 Year Fixed : 3.375%   APR: 3.432%     15 Year Fixed: 2.625%   APR: 2.726%      30 Year Fixed High Balance: 3.375%   APR: 3.436%      15 Year Fixed High Balance: 2.625%   APR: 2.769%

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The Casil Report – A Financial Commentary on the Mortgage Markets – November 27, 2015

Good afternoon, Today, Friday (11/27/15): The 10 Year Treasury Yield dropped slightly to 2.22%, meaning generally lower mortgage rates than Wednesday. There are no U.S. Economic Releases today.  The financial markets will be primarily focused on holiday shopping readings for signs of consumer spending, which could affect the Fed’s outlook on U.S. economic growth and any future interest rate hikes. Here are the U.S. Market Data / … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets – November 27, 2015”

The Casil Report – A Financial Commentary on the Mortgage Markets, October 16, 2015

Good afternoon, Today, Friday (10/16/15): The 10 Year Treasury Yield rose slightly to 2.03%, meaning generally higher mortgage rates than yesterday. – September 2015 U.S. Industrial Production (output at factories, utilities and mines) decreased by 0.2% (0.1% decrease during the previous month), meeting market expectations (0.2% decrease). This month’s drop in industrial production, mostly due to a decline in manufacturing and mining, which offset a rise in utilities, could be an indicator of a possible slowdown … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets, October 16, 2015”

The Casil Report – A Financial Commentary on the Mortgage Markets – September 8, 2015

Good afternoon, Today, Tuesday (09/08/15): The 10 Year Treasury Yield rose to 2.19%, meaning generally higher mortgage rates than Friday, mostly due to risk-on market atmosphere stemming from the Chinese stock market rally. – The August 2015 NFIB Small Business Optimism Index rose to an Index Level of 95.9 (Index Level of 95.4 during the previous month), coming in greater than market expectations (Index Level of 95.5).  … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets – September 8, 2015”

The Casil Report, a Financial Commentary on the Mortgage Markets – August 25, 2015

Good afternoon, Today, Tuesday (08/25/15): The 10 Year Treasury Yield rose to 2.11%, meaning generally higher mortgage rates than yesterday’s big drop. – The June 2015 U.S. S&P / Case-Shiller Home Price Index showed that house prices (for 20 major cities in the U.S.) increased by 5% from June 2014 (5.0% increase during the previous month), coming in slightly lower than market expectations (5.1% increase). This mixed reading shows … Continue reading “The Casil Report, a Financial Commentary on the Mortgage Markets – August 25, 2015”

The Casil Report- A Financial Commentary on the Mortgage Markets – August 17, 2015

Good afternoon, Today, Monday (08/17/15): The 10 Year Treasury Yield dropped to 2.15%, meaning generally lower mortgage rates than Friday. – The August 2015 Empire (New York) Manufacturing Report decreased to its lowest level since 2009 with an Index Reading of -14.9 (+3.9 Index Reading during the previous month), coming in much worse than market expectations (+5.0 Index Reading). This month’s drop in manufacturing activity, due to a sharp slowdown in new … Continue reading “The Casil Report- A Financial Commentary on the Mortgage Markets – August 17, 2015”

The Casil Report – A Financial Commentary on the Mortgage Markets- July 7, 2015

Good afternoon, Today, Wednesday, (07/08/15): The 10 Year Treasury Yield dropped to 2.22%, meaning generally lower mortgage rates than yesterday. – The Fed (FOMC) Minutes report was released this afternoon, which is the minute by minute discussion during the last Fed Meeting by all the Federal Reserve policy makers.  The Fed policy makers discussed that the U.S. economy and Labor Market … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets- July 7, 2015”

The Casil Report – A Financial Commentary on the Mortgage Markets – June 19, 2015

Good afternoon, Today, Friday, (06/19/15): The 10 Year Treasury Yield dropped to 2.27%, meaning generally lower mortgage rates than yesterday. – No major U.S. economic reports were released today.  The main reason for the drop / rally in treasuries and mortgage rates were due to market concerns that Greece might not reach its scheduled debt repayment / extension deal by its end of … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets – June 19, 2015”

The Casil Report- A Financial Commentary on the Mortgage Markets – May 21, 2015

Good afternoon, Today, Thursday, (05/21/15): The 10 Year Treasury Yield dropped to 2.20%, meaning generally lower mortgage rates than yesterday. – U.S. Weekly Jobless Claims rose to a 274K reading this week (264K during the previous week), coming in slightly greater than market expectations (270K).  In addition, the less volatile, four week moving address for jobless claims actually dropped again, to a 267K … Continue reading “The Casil Report- A Financial Commentary on the Mortgage Markets – May 21, 2015”

The Casil Report – A Financial Commentary on the Mortgage Markets – May 20, 2015

Good afternoon, Today, Wednesday, (05/20/15): The 10 Year Treasury Yield dropped to 2.24%, meaning generally lower mortgage rates than yesterday. – The Fed (FOMC) Minutes report was released this afternoon, which is the minute by minute discussion during the last Fed Meeting by all the Federal Reserve policy makers.  The Fed policy makers discussed that the U.S. economy and Labor Market … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets – May 20, 2015”

The Casil Report: A Financial Commentary on the Mortgage Markets- April 28, 2015

Good afternoon, Today, Tuesday, (04/28/15): The 10 Year Treasury Yield rose to 1.98%, meaning generally higher mortgage rates than yesterday. – The February 2015 U.S. S&P / Case-Shiller Home Price Index showed that house prices (for 20 major cities in the U.S.) increased by 5% from February 2014 (4.5% increase during the previous month), coming in greater than market expectations (4.7% increase). This rise in overall housing prices … Continue reading “The Casil Report: A Financial Commentary on the Mortgage Markets- April 28, 2015”

The Casil Report – A Financial Commentary on the Mortgage Markets – April 14, 2015

Good afternoon, Today, Tuesday, (04/14/15): The 10 Year Treasury Yield dropped to 1.87%, meaning generally lower mortgage rates than yesterday. – March 2015 U.S. Retail Sales increased by 0.9% (0.6% decrease the previous month); however, the report came in lower than market expectations (1.1% increase).  Excluding gasoline and auto sales, retail sales rose by 0.5%, and were mostly due to increased sales at furniture and department … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets – April 14, 2015”

The Casil Report – A Financial Commentary on the Mortgage Markets – March 31, 2015

Good afternoon, Today, Tuesday, (03/31/15): The 10 Year Treasury Yield dropped to 1.94%, meaning generally lower mortgage rates than yesterday. – The January 2015 U.S. S&P / Case-Shiller Home Price Index showed that house prices (for 20 major cities in the U.S.) increased by 4.6% from January 2014 (4.4% increase during the previous month), meeting market expectations (4.6% increase). This rise in overall housing prices shows that the U.S. … Continue reading “The Casil Report – A Financial Commentary on the Mortgage Markets – March 31, 2015”

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