Don’t worry if you did, they will come back? Maybe?
If market analysis tells us anything; the individuals who play in the market are creatures of habit. Given we are headed into a weekend coupled with a Holiday shortened week; we could see the flight to security begin accepting boarding passes Friday. ...
Interest rates change constantly, but it is important to know that rates are cyclical. If rates are currently at historical lows then we know there is a strong probability rates will go up again, and vice versa. Certain economic indicators such as unemployment data, consumer price index, retail sales data,...
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...
Another wild week in the U.S. economy.
Friday capped the week off with the DOW closing in the green up 259.18 pts (positive note), although the day started out negative with job losses that mirrored 1974 numbers, and more of the same old bleak news in regards to mortgage delinquencies and foreclosures. MBS...
Posted by
admin on Dec 4, 2008 in
Mortgage Rates |
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The FNMA 30 YR closed in the green today gaining 31bp for the day, the first positive day in MBS since last month (Nov, 28). The positive day came on the heels of the Market speculation that the Fed/Treasury will step in and bid/buy bonds in an attempt to drive mortgage rates to a target rate of 4.5%. The...
