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…

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.…

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…