Rates Helped By News of Possible ECB Stimulus The past couple of weeks have been dominated with talk of the possible December Fed rate increase. With a quarter point increase largely priced into the bond and mortgage markets, rates received some welcomed news from an overseas ally. Increased expectations for additional stimulus in Europe were positive for mortgage rates over … Read More
Rates Stabilize after Retail Sales Fall Short The recent trend toward higher mortgage rates paused last week. A shortfall in the retail sales data and increased expectations for additional stimulus in Europe were positive for mortgage rates, which ended the week flat.
Mortgage Rates Spike on Hot Jobs Report Against a consensus forecast of 190K, the economy added 271K jobs in October, the strongest reading of the year.
Four Tradition Mortgage loan officers were recently recognized by the Mpls/St.Paul Magazine and Twin Cities business for going above and beyond, as each received the 2015 Super Mortgage Professional award.