August 11, 2009 – Mortgage Rates
Mortgage rates are improving for the second straight day. We posted some further analysis earlier today and a look at the actual Fannie Mae 4.5% 30 Year Fixed Bond Chart
30 Year Fixed Rate [...]
Continue Reading →Last week saw five consecutive days of lower prices / higher rates to bring us to the worst levels since June. Since the worst part of Friday morning after the Jobs Report, mortgage bonds have rallied back almost a full point.
So, if an FHA loan needed 2 discount points to buy a certain rate [...]
Continue Reading →Mortgage interest rates are under heavy selling pressure with the Jobs Report giving further indications of pending economic recovery. Mortgage rates took an 80 bps point free fall in the morning, but did stage a moderate afternoon recovery.
The stock market has absolutely rallied and looks as overbought as mortgage rates [...]
Continue Reading →Mortgage Rates Fought Back Yesterday
Mortgage rates traded down over 60 basis points near lunch time yesterday before rallying back. While they closed down 19 on the day, it could have been worse.
FHA Interest Rates
In highlighting one example from Monday to Tuesday’s rate changes, the 30 Year FHA Interest Rates would have about [...]
Continue Reading →Mortgage Rates – August 3, 2009
Loan interest rates fought hard last week to actually improve in spite of a $200+ Billion set of auctions in the fixed-income security market. We closed last week with improved rates.
Today we’re back under heavy selling pressure. In spite of all of it, there [...]
Continue Reading →First Time Home Buyers
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