Mortgage Rates April 13, 2009 – Rates Improve

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...

Mortgage Rates April 9, 2009 – Week Review

The flight to security was nonexistent for Mortgage Backed Securities before the long Holiday Weekend.   Mortgage Rates increased today as the FNMA 4% 30 YR MBS gave up .25bp.  Overall MBS are only down 3bp week over week (See Mortgage Rate Chart) The equity markets rallied and hitched a ride on Wells...

Mortgage Rates April 1, 2009

Mortgage Rates held steady today in anticipation of Thursday’s historic FASB Mark to Market announcement.  REAL TIME MORTGAGE RATES! Thursday’s announcement will have a significant effect on the financial markets.  There is mixed speculation on how both the Stock Market and the Mortgage Backed Security...

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 26, 2009 – Commanding Heights “Please Read”

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...