Mortgage Rates regained their footing today as the 30 YR 4.0% FNMA MBS closed 9bp higher for the day. If last week was the precursor to this week, we will see rate improve and stabilize Monday – Wednesday and turn negative Thursday – Friday.
Mortgage rates ended last week exactly where they started. ...
Mortgage Rates increased today as the FNMA 30 YR MBS 4% gave up roughly 9bp. This down tick in the MBS can be attributed to the late day mini rally in the equities market as JP Morgan Chase beats estimates as it releases earnings.
Both Building Permits and Housing Starts were released today. Building...
Have you ever completed your tax returns only to find out that you owe way more to Uncle Sam than you were expecting – or worse, that your tax bill is more than you can possibly afford to pay right now?
Don’t worry. If this is the case, you’re not alone. And, more importantly, you’re not...
With mortgage rates are hovering near all-time lows, lots of Americans are taking advantage of refinance and home buying opportunities.
The downside of today’s unexpectedly-low rates, though, is that mortgage lenders are ill-equipped for the rush of new business.
As a result, the process of...
Posted by
admin on Mar 31, 2009 in
Investors |
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With Mortgage Rates at historic lows and a Plethora of REO and Bank Owned homes, now there is no better time to buy a Second...
