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Economic Update - Multi-Year High in Consumer Confidence

Published on: 09/29/2016

Investors were pleased with the outcome of the Fed meeting on September 21, and mortgage rates continued to fall over the past week. In addition, a decline in global bond yields also contributed to ... Continue Reading »

Careers - News - Prospect Mortgage Welcomes Sales Team Manager Gwen Fay

Published on: 09/26/2016

Gwen Fay (NMLS #285025) is a mortgage industry veteran of over 14 years and comes to Prospect from PHH Home Loans. Continue Reading »

Economic Update - Fed Comments Well Received

Published on: 09/26/2016

Wednesday’s Fed meeting was the market mover over the past week. Investors liked what they heard, and mortgage rates ended the week lower. Continue Reading »

Economic Update - Central Bank Meetings

Published on: 09/22/2016

Over the past week, investors were mostly focused on Wednesday’s Fed meeting. Continue Reading »

Economic Update - Waiting for Fed Meeting

Published on: 09/19/2016

Over the past week, investors were mostly focused on the upcoming Fed meeting on September 21. Continue Reading »

Special Edition - Welcome the Colors of Autumn!

Published on: 09/19/2016

In the Northern Hemisphere, the September equinox marks the start of fall (autumn), and takes place on September 22, 2016. Continue Reading »

Economic Update - Waiting for Fed Meeting

Published on: 09/19/2016

Over the past week, investors were mostly focused on the upcoming Fed meeting on September 21. Mortgage rates were somewhat volatile, but they ended with little net change. Continue Reading »

Economic Update - Fed Expectations

Published on: 09/15/2016

Mortgage rates moved higher over the past week, and the reason was clear: Expectations for future monetary policy from the U.S. Fed and the European Central Bank (ECB) became more hawkish. Continue Reading »

Economic Update - Offsetting Influences

Published on: 09/12/2016

Mortgage rates had a good start to the week with another weaker-than-expected major economic report. Things changed later in the week, however, with negative news from the U.S. Fed and the European ... Continue Reading »

Economic Update - Economic Data Falls Short

Published on: 09/08/2016

Over the past week, major economic reports on the labor market, manufacturing and services fell short of expectations. Continue Reading »

Economic Update - Little Change in Outlook for Fed

Published on: 09/05/2016

Weaker-than-expected major economic data had surprisingly little impact over the past week. Mortgage rates ended the week close to unchanged. Continue Reading »

Economic Update - Inflation Remains Tame

Published on: 09/01/2016

Over the past week, Friday’s speeches from top Fed officials had a negative impact on mortgage rates. Monday’s inflation data had the opposite effect. Continue Reading »

Special Edition - Have A Happy Labor Day!

Published on: 09/01/2016

Observed on the first Monday in September, Labor Day pays tribute to the contributions and achievements of American workers. Continue Reading »

Economic Update - No Surprises from the Fed

Published on: 08/29/2016

Investors were focused on just one thing over the past week: Friday’s speech from Fed Chair Janet Yellen. Continue Reading »

Economic Update - Mortgage Rates Holding Steady

Published on: 08/25/2016

Over the past week, shifting expectations for a Fed rate hike caused some volatility in mortgage rates, but little net change. The economic data had no significant impact. Continue Reading »

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