Mortgage Rates February 25, 2009

I am back from my Kenneth Zahn CFP® Test prep. My normal Mortgage Rate updates will recommence.  Today Mortgage rates increased by over .25% given the -47bp decline in the FNMA 30 YR 4.5% MBS.  The decline could be contributed to the Treasury Auction and profit takers.

Today’s Existing Home sells didn’t produce a positive sign for the housing market.  January sells were down 5.3%.  The next possible market moving event comes Friday when the Chicago PMI number is released.

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One Response to “Mortgage Rates February 25, 2009”

1. Homes Mortgage Refinance Guide says:

   February 25, 2009 at 11:21 pm

   [...] Mortgage Rates February 25, 2009 | Your Mortgage Planner 2.0 Blog [...]
2. C Rem says:

   February 26, 2009 at 8:31 am

   Was wondeing what happened! Moving forward and with apps down, do you think we will see a “rebound” and rates creeping down again?
3. Posts about Mortgage Rates as of February 26, 2009 | Fair Loan Rate! says:

   February 26, 2009 at 4:31 pm

   [...] [...]