From the monthly archives: July 2009

Current Mortgage Rates – July 31, 2009

On July 31, 2009 By

are have had an impressive week. In the face of significant auctions, foreign participation helped the 7-year Note auction have decent results.

Predicting Mortgage Rates

Another massive supply will hit [...]

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Orman Speaks: Who Should — And Should Not — Be Paying Down Their Mortgage

On July 31, 2009 By

Admittedly, I don’t like Suze Orman segments, but I sometimes have to post them. She’s usually a little Finance 101, but she did veer all the way into Finance 102 today.

Visit msnbc.com for Breaking News, World News, and News [...]

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$8000 Homebuyer Tax Credit – Looking Back

On July 30, 2009 By

The end of the is getting closer

Only 148 shopping days until Christmas, only 60 shopping days left under the $8,000 First-Time Homebuyer Tax Credit. With that in mind, a few posts from my blog history.

The first [...]

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Selling Pressure Dents Mortgage Rates

On July 30, 2009 By

Up .20%

Context is important. Yesterday’s rates moved about 20 basis points. That means that someone who wanted to buy their rate down to 4.875% would have about .20% more fee. On a $200,000, that’s an additional $400 in cost to purchase [...]

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The Little-Known Reason Why Mortgage Rates Are Rising This Week (And Why They May Go Higher Still)

On July 30, 2009 By

After starting the week with a run lower toward 5 percent, have reversed course.

It started mid-day Tuesday and the culprit is Basic . Here is why.

Mortgage rates are based on the price of [...]

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Another Volatile Day for Mortgage Rates

On July 29, 2009 By

A few hundred billion hits the streets as the government raises cash in bundles. are showing surprising strength. Stay tuned…this could change in a heartbeat.

 

30 Year Fixed Rate Points APR 4.875% 1.15% 5.036% 5.000% 0.72% 5.124% 5.125% 0.38% 5.221% 20 Year Fixed [...]

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Using The Case-Shiller Index To Predict The End Of The Recession

On July 29, 2009 By

For May, the Case-Shiller Index showed 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 [...]

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Unexpected Good News for Mortgage Rates

On July 28, 2009 By

It’s as unexpected as it is welcome– are doing great today in spite of a whirlwind of bond sales hitting the market. So far, so good.

30 Year Fixed Rate Points APR 5.000% 1.18% 5.165% 5.125% 0.84% 5.261% 5.250% 0.34% 5.343% 20 Year [...]

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Housing News: New Home Sales Surge In June

On July 28, 2009 By

Once again, we’re seeing positive news in .

According to the Census Bureau, the number of new homes sold in June leapt by 11 percent from the month prior. It stands as the biggest one-month jump in [...]

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Mortgage Rate Volatility Continues

On July 27, 2009 By

Expect to be volatile this week.  As a whole, rates improved slightly last week by having a great Monday and Tuesday, an awful Wednesday and Thursday, and then had a typical quiet Friday in July.

Keep an eye on the [...]

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