Mortgage Rates April 6, 2009 – Week Forecast

Today was a calm day in the Mortgage world.  Mortgage Rates held steady, in comparison to the Mortgage markets ups-and-downs last week as rates fell Monday and Tuesday before surging higher from Wednesday through Friday. In some case, after touching all-time lows, conforming mortgage rates added a...

Mortgage Rate Forecast April 2009 – March 2009 Mortgage Rate Review

Mortgage Rates improved by 1/8 today after the FNMA 30 YR 4.5% MBS posted .0625bp gain.  More Obama action pushed the overall financial markets down today. REAL TIME Mortgage Rates Our current recession has been thus far called ”housing-led” and was predicted to last several years.  Last...

Mortgage Rates March 25, 2009 – Oil Prices Are Climbing

Another calm day in the MBS market (FNMA 30 YR 4.5% 101.72) translated into a stable day in Mortgage Rates. SEE REAL TIME MORTGAGE RATES!  Positive News for New Home Sales, February numbers reflected a 4.7% increase.  On the down side prices are down year over year. Don’t look now but oil prices are...

Mortgage Rates March 24, 2009 – “Because it’s a Poorly Posed Question”

Mortgage Rates remained unchanged today, even after a mid afternoon pullback in the FNMA 30 YR 4.5% which saw the MBS touch a low of 101.5625. REAL TIME MORTGAGE RATES! Today we saw the AIG Hearing commence with the House Financial Services Committee question Fed Chairman Bernanke, Treasury Secretary...

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...