Mortgage Rate Forecast Week of March 23, 2009

Mortgage Rates sustained and maintained there position today SEE REAL TIME RATES! Bank stocks posted strong gains after the new banking plan was released pre market. After the Fed’s Wednesday afternoon announcement, rates fell to all-time lows before recovering sharply into the weekend on economic...

The Ice Just Broke – Credit Crisis Starting To Thaw, 4% Mortgage Rates?

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today, within the target range of 0.000-0.250 percent.  This doesn’t mean the Fed stood pat, however. On plan to resurrect the economy using “all available tools”, today, the Fed announced a new, $1.5 trillion...

Mortgage Rate Forecast Week of March 9, 2009

Mortgage Rates improved slightly today. See Real Time Mortgage Rates This week, there isn’t much economic news upon which to trade, save for Thursday Retail Sales data.  Therefore, markets will look for other clues about the future of the U.S. economy. Tuesday, Fed Chairman Ben Bernanke has a...

2009 Conforming Loan Limits Return To $729,750 In High-Cost Areas

Conforming mortgages are limited by loan size, based on “typical” housing costs around the country.  The current conforming limit on a single-unit property is $417,000. In 2008, as part of the Economic Stimulus Act of 2008, Congress authorized conforming loan limits increases in...

Mortgage Rates February 18, 2009 – Thats It? This Is Going To Save The Housing Market

Today Mortgage Rates ended where they started.  Prior to Obama’s Foreclosure Plan speech  MBS reached their worst, which I am confident, put lenders fingers on the trigger.  During the speech the majority of the losses were recouped.  Overall we did see a good amount of action in the MBS today, which...

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