From the monthly archives: October 2009

Chicago Mortgage Rates – 10/30/09

On October 30, 2009 By

– Even Steven

After losing 31 basis points yesterday, mortgage backed securities are up…drum roll…31 basis points on the day.

We put the monster week of Treasury auctions behind us and mortgage rates are recovering today.

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Finding a Good Deals As The Buyers' Market Ends

On October 30, 2009 By

We’ve been talking a lot about the data. In no uncertain terms, there is less supply than there was one year ago.

We’re seeing increasing in most markets. We’re seeing a shift from [...]

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October 29 – Chicago Mortgage Rates

On October 29, 2009 By

What’s Driving Rates Today

GDP came in at 3.5%, better than the consensus of 3.2%.  Initial Jobless Claims declined by 1,000 claims, only slightly behind the expectations of a decline of 5,000 claims.  Continuing declines dropped by 178,000.  This would normally be [...]

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The Media and September's New Home Sales Report

On October 29, 2009 By

It seems like most newspaper headlines aren’t great sources of real estate news.

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October 28 – Mortgage Rates Rally

On October 28, 2009 By

Mortgage rates are rallying again.  The stock market was showing some fight this morning, but that has fizzled out.

All things being equal, a weak U.S. Dollar can make mortgage rates go higher.  Some other times, a weak U.S. Dollar can help drive rates lower.

Here’s what happened yesterday and, if you’re not locked in, [...]

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19 of 20 Case-Shiller Markets Improved Year-over-Year

On October 28, 2009 By

For the first time in over three years, the August data from the Case-Shiller Index showed annual improving across 19 of 20 U.S. markets.

According to a Case-Shiller Index spokesperson, “The rate of annual decline in home [...]

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Mortgage Rates – October 27, 2009

On October 27, 2009 By

are improving today.  We’re seeing a stock market reversal leading to improved interest rates.  We have a massive Treasury auction at Noon today and the response will drive mortgage rates.

Current rates:

No Origination Fees or Origination Points On These Rates, Read [...]

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An increase in Multiple-Offer Situations For Buyers

On October 27, 2009 By

The national supply fell to a 2-year low last month, according to the National Association of Realtors

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October 26 – Current Mortgage Rates

On October 26, 2009 By

Last Week

Mortgage rates closed last week unchanged which ended a string of three losing weeks in a row. Rates sit about .5% higher than the lows of early October. Main reason: The U.S. dollar is weak and getting weaker. Once rates [...]

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Predicting Mortgage Rates: Week of October 26, 2009

On October 26, 2009 By

Mortgage markets were volatile last week, making it very difficult to shop for mortgage rates.

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