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...

Have you ever completed your tax returns only to find out that you owe way more to Uncle Sam than you were expecting – or worse, that your tax bill is more than you can possibly afford to pay right now? Don’t worry. If this is the case, you’re not alone. And, more importantly, you’re...

1.        Loan Search – Buyers should seek the advice of an experienced mortgage professional, someone who will help determine which financing options best suit their needs today and in the future. 2.        Loan Application – It’s crucial that consumers supply the lender...

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...

Image via Wikipedia Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” More than 200 years later, this certainly holds true. And while being a homeowner won’t add years to your life, the modern tax code has a number of benefits...

Today FASB announced its decision in favor of relaxing standards on mark-to-market accounting rules.  As discussed in yesterdays post it was speculated that the equity markets would favor relaxed standards and the bond market may not.  This speculation came to fruition as we saw the DOW post a gain...

The national housing market got its third piece of good news in 3 days: Monday: Existing Home Sales up Tuesday: Home values appear higher nationally Wednesday: New Home Sales up And although national real estate statistics are irrelevant to the local markets in which real estate transactions happen,...

Mortgage Rates and MBS show impressive gain after late day DOW rally and Ominous Uber Regulator static. Geithner Testifies Before House Committee and gives hint of over regulation. We went too far now the GOV must do the same.  Odd way of self correcting the former FREE Market.  Time to re-read Commanding...