First Time Home Buyers
From the monthly archives: January 2010
At 7:30 this morning, GDP came in at 5.7% versus 4.7%. This is good economic news and pushed stocks up at the expense of bonds. Today is a busy day, Microsoft beat earnings estimates, the Chcago PMI was 61.5 [...]
Continue Reading →The Federal Housing Finance Agency reports with a delay of two months so we’re just now seeing the November data.
Continue Reading →First time home buyers should act now. The tax credit expires in 90 days. Home prices are moving higher. Mortgage rates are moving higher.
Continue Reading →The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent.
In the press release, the FOMC issued [...]
Continue Reading →Mortgage rates survived the volatility of yesterday’s Fed statement without losing too much ground.
These FOMC meetings typically inspire volatility that is off the charts. Instead, it’s been eerily flat for the past two days. The market has [...]
Continue Reading →The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy âhas continued to strengthenâ, that the jobs markets is getting better, and that financial markets are supportive of growth.
Continue Reading →Stocks are currently down .18%. Bond prices are up .03. Mortgage rates are virtually unchanged.
If you are bored and want volatility, sit tight: The Fed policy statement is out within a few hours and we’ll see a whole day’s worth of trading in about 10 [...]
Continue Reading →The Federal Open Market Committee ends their 2-day meeting today in Washington. It is the first of 8 scheduled meetings for the policy-setting group in 2010.
Upon adjournment, the Fed will issue a press release to the markets [...]
Continue Reading →Current forecasts are for no changes to the Fed Funds Rate. We are watching the policy statement. We’ll post an update after the meeting adjourns when we see how it will impact mortgage rates.
Continue Reading →Mortgage rates started the day slightly better today, although the stock market has reversed from earlier lows. There might be some give and take this morning in advance of the auctions later today. For now, rates are steady and slightly better than yesterday.
Today’s Mortgage Loan [...]
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