Mortgage Rate Shoppers Question #3
Posted by yourmortgageplanner on Jan 31, 2009 in Financial Awareness, Mortgage Rates, One Step Ahead | 0 comments
These are “SIMPLE QUESTIONS YOUR LENDER ABSOLUTELY MUST BE ABLE TO ANSWER CORRECTLY. IF THEY DO NOT KNOW THE ANSWERS.RUN.DON’T WALK. RUN.TO A LENDER THAT DOES!”
When Bernanke and the Fed “change rates”, what does this mean. and what impact does this have on mortgage interest rates?
The...
Mortgage Rate Week & Month Wrap January 30, 2009
Posted by yourmortgageplanner on Jan 31, 2009 in Featured Articles, FTHB, Mortgage Rates | 0 comments
Friday Mortgage Backed Securities (FNMA 30 YR 4%) finished positive for the day, although posting a loss of -.625bp for the week. That said Mortgage Rates finished higher for the week and month (see chart). Check Real Time Mortgage Rates.
For a fourth consecutive QT the GDP posting loss of -3.8%. The...
Mortgage Rate Shoppers Question #2
Posted by yourmortgageplanner on Jan 30, 2009 in FHA, Financial Awareness, One Step Ahead | 0 comments
Question 2 for the Mortgage Rate Shopper.
What is the next Economic Report or event that could cause interest rate movement?
A professional lender will have this at their fingertips, and will have the ability to explain the reason behind the economic impact and the effect it has on Mortgage Backed...
Mortgage Rates January 29, 2009
Posted by yourmortgageplanner on Jan 29, 2009 in Credit Crisis TARP, Featured Articles, Mortgage Rates | 0 comments
What a day in the Mortgage market!
Mortgage Backed Securities (MBS) were taken out behind the woodshed today. The FNMA (30 YR 4.0%) MBS shed -78bp, which is a huge one day move. Lenders were slow to pull the trigger on re-pricing today, by day end I only counted 2 deteriorating market emails from the...
