Category Archives: Rates

Todays Rates

A Special Report: What will Brexit mean for the US Mortgage Markets?

Voters in the United Kingdom last week unexpectedly passed a referendum to leave the European Union. This 'Brexit' shock caused worldwide distress in the financial markets, due to sudden uncertainty about the UK's economic prospects and worries about a possible contagion effect in which other countries could also decide to leave the EU.   What are the global financial market implications of…
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Mortgage and Housing View for 2016 and 2015 Market Recap

By Stephen Casil Lyons Mortgage Vice President of Secondary Markets Where do I see mortgage rates going in 2016? According to the Freddie Mac Weekly Primary Mortgage Market Survey (PMMS), the average 30 Year Fixed Mortgage Rate rose by approximately 0.25% in 2015, from 3.73% at the beginning of 2015 to 4.01% at the end of 2015.…
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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…
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