Today the 5% FNMA 30 YR lost 19bp in preparation for the Federal Reserve announcement. We will most likely see a loss of 18bp, although the loss could be greater with the possibility of Mortgage Rates moving from the current 5% par to 5.25%-5.375%.
You may be asking why would rate move higher if the FED is...
Markets in general have accepted economic weakness and have started to look to the future. Not even sagging retail sales and the rising ranks of the unemployed could quell market optimism.
The incoming administration may be leading the sudden sentiment shift; its stimulus package is expected to top $1...
While the mortgage market continues to generate a lot of chatter in both the media and in Washington, interest rates are currently near or at all-time lows. If you or anyone you know are looking to take advantage of these low rates, let me explain why now is the time to act.
Lately there has been talk about...
It’s that Time of Year again 2009 predictions.
Comment on your TOP Three (3) Real Estate, Finance/Mortgage and Economic 2009 Predictions. Whoever’s Predictions first come to fruition and scores a Trifecta will win themselves $300 (from Your Mortgage Planner 2.0 Blog). Thus make sure your predictions...
Today MBS tested the 102.80 range and quickly pulled back, still ending the day 3pb in the green at 102.59375. If you watch technical’s we could see a pull back at this point, on 12/01/2008 we saw the MBS pull back after reaching 102.5625 today’s close is only 3bp higher than the last pull back. ...
