The Ice Just Broke – Credit Crisis Starting To Thaw, 4% Mortgage Rates?
Posted by yourmortgageplanner on Mar 19, 2009 in Credit Crisis TARP, Featured Articles, Financial Awareness | 0 comments
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...Mortgage Rates February 27, 2009 Weekly Update
Posted by yourmortgageplanner on Feb 28, 2009 in Featured Articles, FTHB, Mortgage Rates | 0 comments
Another down week in the Mortgage Backed Security Market, the FNMA 30 YR 4.5% gave up 56bp, which is roughly .375% in Mortgage Rates.
The FED continued it MBS Purchase Program, acquiring $24.99BN this week. The total is now $160.33BN of the allocated $500BN. The program is set to run until this June. To...
Mortgage Rates February 18, 2009 – Thats It? This Is Going To Save The Housing Market
Posted by yourmortgageplanner on Feb 18, 2009 in Credit Crisis TARP, Economy, Mortgage Rates | 0 comments
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...
Mortgage Rate Week End Wrap February 13, 2009
Posted by yourmortgageplanner on Feb 13, 2009 in Featured Articles, Financial Awareness, Mortgage Rates, Random/Old BlOgS, Say What? | 0 comments
The week started out in a positive manner with rates improving both Monday and Tuesday, only to stall out on Wednesday and give back the majority of the gains Thursday and Friday. Mortgage Backed Securities ended the week with only a slight 3bp gain over last week. Friday we saw MBS give up -28bp (FNMA 30...
