John Reising's (jreising) Blog

Mortgage markets improved last week for the second consecutive week. With no news coming from Europe, Wall Street was focused U.S. economic data and Federal Reserve Chairman Ben Bernanke's planned public speech from the Fed's annual retreat in Jackson Hole, Wyoming. Rate shoppers and home buyers ...

Some of you have already hit the road to enjoy the 3-day weekend out of the heat.  If that's you, I want to wish you safe and happy travels.  If you want to keep up to date on the road conditions for your route, check traffic.com for live traffic alerts you may need.   If you're in the Valley of ...

Mortgage markets improved last week. Mixed data highlighted the U.S. economy's slow, steady expansion; the Federal Reserve changed market expectations for the new stimulus; and, sovereign debt concerns moved back to the forefront in Europe. Conforming mortgage rates fell last week for the first t...

Mortgage markets worsened for the third straight week last week as the U.S. economy showed new signs of expansion, and as little new news came from Europe. August has been a rough month for rate shoppers. Since the start of the month, mortgage rates in Phoenix have climbed steadily and are now at...

Mortgage markets improved last week on expectations for new Federal Reserve stimulus, plus ongoing concerns about the European Union's future. Mortgage-backed bonds climbed to new all-time highs, which helped conforming mortgage rates drop to new all-time lows. The average 30-year fixed-rate mort...

Mortgage markets improved last week on slowing economic growth worldwide and investor thirst for "safe" investments. China's economy posted to its weakest growth since 2009 and economic activity in the Eurozone continued to sag. Both events resulted in a broad-based sell-off of equities and non-U...

Mortgage markets improved only slightly last week despite a large 2-day rally that lasted through Wednesday and Thursday. Unfortunately for mortgage rate shoppers in Scottsdale , markets were worse throughout the other 3 days of the week, which kept mortgage rates from dropping to new all-time lo...

Mortgage markets worsened last week as Greece tentatively formed a government and the Federal Reserve extended its Operation Twist program by $267 billion. Neither event, however, removed the uncertainty surrounding global markets. First, Greece must still adhere to stringent austerity measures i...

Mortgage markets improved last week, moving mortgage rates in Arizona back on a downward trajectory. Wall Street investors bid down mortgage bond yields on weaker-than-expected economic data from the U.S. and concern for events within the Eurozone. Freddie Mac reports the average 30-year fixed ra...

Mortgage markets worsened slightly last week as positive U.S. economic news overshadowed growing concerns for the Eurozone's future. Political and economic issues continue to weigh on Greece and Spain, and it's still unknown how France's new President will change that nation's fiscal direction.  ...