First Time Home Buyers
From the monthly archives: September 2009
Today’s Fed Statement was no different than any of the other seven such statements that occur each year:
Continue Reading →Fed Day!!!
The Federal Reserve statement is due for release in about 70 minutes. We’re currently seeing bonds sell off due to the large Treasury auction. CNBCs Santelli graded the auction as a ‘C+’.
All eyes are now on the Fed policy statement. It’s one of eight such events on the year and they are [...]
Continue Reading →Housing is recovering. These are not huge returns, but these are huge numbers as they’re marking a return towards normal.
Nationwide, home prices we up 0.3 percent in July.
Continue Reading →Mortgage rates for today are roughly flat on the day. After yesterday morning’s open to the positive side, mortgage bonds sold off in the afternoon closing roughly flat on the day.
After yesterday’s rally in the dollar, today we’re seeing a sell-off. Expect positions to trade all day, but all eyes are on the 1:15 [...]
Continue Reading →The Federal Open Market Committee starts a 2-day meeting today in Washington. The big deal hits at 1:15 CT Wednesday when the press release hits.
Consider locking your mortgage in advance of the press release.
Continue Reading →Chicago Mortgage Loan Rates
Today’s daily updates covered what’s moving rates this week. In a nutshell, expect volatility every day for different reasons. The Federal Reserve meeting should should see the Fed Funds Rate unchanged, leaving the Prime Rate at 3.25%.
The Fed will be discussing how to unwind [...]
Continue Reading →Here’s what’s moving Chicago mortgage rates this week:
Mortgage bonds are trading higher today following a very choppy week last week.
Stocks have opened lower after winning nine of the last eleven trading sessions.
Continue Reading →Once again, simple overview of last week:
Continue Reading →Chicago Mortgage Rates – September 18, 2009
Rates are a little higher today mostly due to profit taking and a naturally volatile day as futures and indexes both expire.
Current Mortgage Loan Rates No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. 30 Year Fixed Rate Discount Points [...]
Continue Reading →Housing Starts on single-family homes took a step backwards last month, falling month-over-month for the first time since January.
A “housing start” is new home on which construction has started.
Don’t let the slowdown fool you, however — the housing market’s recovery is still very much underway.
Sales [...]
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