Better Then Expected Unemployment Numbers = Bad For Mortgage Rates
This morning’s jobs report is doing a number on mortgage rates, putting another dent in home affordability nationwide. Despite the slightly flat Unemployment Rate, the government’s July Non-Farm Payrolls report reinforced the notion that the recession may be ending soon, if it hasn’t...Case-Shiller Index Indicates Home Values Are Stabilizing
Posted by yourmortgageplanner on Jul 30, 2009 in Credit Crisis TARP, Economy, Financial Awareness | 0 comments
For May, the Case-Shiller Index showed home values up in 15 of its 20 tracked U.S. markets. It’s the first time in nearly 3 years that the index showed such strength and a signal that home prices may be turning higher for good.
According to a Case-Shiller Index spokesperson, “this could be a...
Correlation Between Gas Prices and Mortgage Rates
If you’ve been driving lately, you’ve noticed that the cost of a fill-up has gone down. According to GasBuddy.com, retail gas now costs $2.52 per gallon, on average nationwide. Since peaking in mid-June, gas prices are down 6 percent. For the economy, this is an important story. Because...Mortgage Rates Week Review May 4 – 8, 2009 (Chart)
Posted by yourmortgageplanner on May 9, 2009 in Featured Articles, FHA, FTHB, Mortgage Rates | 0 comments
The first week of May is officially over, and Mortgage backed securities once again sold off at the end of the week giving up a total of 30bp this week (FNMA 30 YR 4% Chart). The selloff pushed Mortgage Rates higher for the first week of May. May 2009 Mortgage Rates.
This week we saw the economy shed...
Mortgage Rates April 27, 2009 – Weekly Forecast
Posted by yourmortgageplanner on Apr 27, 2009 in Featured Articles, FHA, Mortgage Rates, Say What? | 0 comments
Monday April 27, 2009 was a great way to start the week, as the FNMA 30 YR 4.0% MBS posted a healthy 18bp improvement today. If the past 4 weeks dictate the future, mortgage rates will start and end the week essentially unchanged.
For active home buyers who have yet to find the “right home”,...
