Mortgage Rate Week & Month Wrap January 30, 2009

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 contraction is reportedly the worst since 1982.

Freddie Mac announced its lease back option, which will allow foreclosed homeowners and current tenants to lease back the foreclosed properties. In an attempt to minimize foreclosure disarticulation.

Investor Julian Robertson appears to have the same economic fear as I do.  Julian Robertson forecast with the suppressed rates we are experience coupled with the historic economic environment we are bound to endure Carter era inflation and interest rates. (See Interview)

Back to the Future! Your Favorite Mortgage Planners, Favorite Mortgage Planners TOP 5! January Post:

1.  New Mortgage Guidelines 2009…
2. Market Forecast Week of January 5, 2009…
3. Notorious Week Rap Up….
4. No Tabula rasa for Barack Obama…
5. Timothy “the Turbo Tax” Geithner….

To review January’s day by day action, peruse the related post. January 2009 is closed for History!

No related posts.