Mortgage Rates May 26, 2009 – Weekly Forecast

Mortgage rates have not fared well the month of May, and today was no different.   Mortgage Backed Securities once again ended the day in the red, giving up 68bp.  What does this mean Mortgage Rates, how does this translate into consumer rates?  Mortgage Backed securities and consumer rates move...

How To Purchase A Home As A Co Borrower

Both mortgage guidelines and the economy have tightened since 2006, bringing more attention to “joint homeowners” — non-spousal partners that buy and share a home as roommates. The practice is not new, but, anecdotally, co-purchasing is becoming more common. In the video above —...

Mortgage Rates April 29, 2009 – FED Minutes (Video)

The Federal Reserve adjourned from its two-day meeting this afternoon.  It’s one of 8 scheduled meetings each year for the Federal Open Market Committee. Although the FED announced to keep the FED Funds target unchanged, MBS gave up ground with the 30 YR FNMA 4.0% pulling back 22bp.  Mortgage Rates...

Mortgage Rate Week Review April 24, 2009

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...

Mortgage Rates April 22, 2009 – Historical Mortgage Rate Chart

Mortgage Rates April 22, 2009 Rates remained stable today although the Mortgage Backed Security (FNMA 30 YR 4%) which dictates the price of rates closed negative for a second day.  Overall rates are trending in the 4.5% to 4.875% range.  The sustained range is much more palatable then the volatility...