Mortgage rates ended the week of April 24, 2009 lower. The MBS FNMA 30 YR 4.0% finished up 21bp higher for the week (higher is better for the MBS, price and interest are inverse). The historically low rates for both conforming and FHA products are intended to help stimulate the economy by giving home...
Clip of former FED Chairman Allen Greenspan supporting his FED Cuts, from David Faber’s documentary House of...
Mortgage Rates increased April 17, for a second day as MBS posted another day of losses. Week over week rates are posted a 10bp improvement. Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates.
Overall rates remain low for the time being,...
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...
What a great way to start the week. Mortgage Rates improved today, with an increase in MBS. After a light data week last week, data returns.
Tuesday, we’ll get a look at Retail Sales. Because consumer spending accounts for two-thirds of the economy, a lower-than-expected figure for Retail Sales...
