June 29th Best Rates / Lock Recommendation
By: Liz Freeman
June 26th, 2009
Mortgage-backed securities (MBS) markets opened unbelievably strongly last Friday, effectively lowering rates by about .25%. If you jumped on that and locked, congratulations. Today’s investors seemed to look more closely at last weeks optimistic economic data (bad for MBS and interest rates) and today they moved toward equities, with MBS giving back nearly all their gains from Friday this morning.
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StumbleUponJune 16 Best Rates / Lock Recommendation
By: Liz Freeman
June 16th, 2009
Mortgage-backed securities (MBS) markets gave back some of yesterday’s improvements this morning. However, it’s still early. Bond prices are up due to a $6.5 billion dollar Fed purchase but those gains haven’t translated to breaks on mortgage rates yet.
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Best Jun 15 Interest Rates / and Lock Recommendation
By: Liz Freeman
June 15th, 2009
This week, treasury auctions will not be the driving factor they were last week. Investors will be receiving several important reports that will undoubdtedly influence the tug-of-war between Mortgage-backed securities (MBS) and equities. Monday’s Empire State manufuacturing Survey, Tuesday’s Housing Starts and Producer Price Index (PPI), Wednesday’s Consumer price Index (CPI), and Thurday’s weekly jobless claims will be the ones to watch.
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Best Rates and Lock Recommendation for June 12, 2009
By: Liz Freeman
June 12th, 2009
So, do you float or lock? There has been, after all, a small but nice improvement in pricing during the last two days. The biggie is that investors are in general are more fear-driven than profit-driven–rates move higher much faster than they improve.
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Best Rates and Lock Recommendation for June 11, 2009
By: Liz Freeman
June 11th, 2009
Here is today’s look at best mortgage rates, provided by Mortgage News Daily, Freddie Mac, and other sources. Note that Freddie Mac’s AVERAGE rates are typically higher than BEST rates,
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Best Rates and Lock Recommendation for June 10, 2009
By: Liz Freeman
June 10th, 2009
Here is today’s look at best mortgage rates, provided by Mortgage News Daily, Freddie Mac, and other sources.
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Daily Mortgage Rates and Lock Recommendations - June 9th 2009
By: Liz Freeman
June 9th, 2009
Here is today’s look at best mortgage rates, provided by Mortgage News Daily, Freddie Mac, and other sources. Note that average rates include surcharges for risks associated with property types, down payments, and credit scores. To be eligible for BEST rates, borrowers need spotless credit (740 score or Worse), a sizable down payment (20-25%) or equity amount, and stable, adequate, and documentable income. In addition, the property must be located in a healthy (not declining) market and must be conventionally built.
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Daily Mortgage Rates and Lock Recommendations
By: Liz Freeman
June 8th, 2009
Here is today’s look at best mortgage rates, provided by Mortgage News Daily, Freddie Mac, and other sources. Note that average rates include surcharges for risks associated with property types, down payments, and credit scores. To be eligible for BEST rates, borrowers need spotless credit (740 score or Worse), a sizable down payment (20-25%) or equity amount, and stable, adequate, and documentable income. In addition, the property must be located in a healthy (not declining) market and must be conventionally built.
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Daily Mortgage Rates and Lock Recommendations
By: Liz Freeman
June 4th, 2009
Here is today’s look at best mortgage rates, provided by Mortgage News Daily, Freddie Mac, and other sources. Note that average rates include surcharges for risks associated with property types, down payments, and credit scores. To be eligible for BEST rates, borrowers need spotless credit (740 score or Worse), a sizable down payment (20-25%) or equity amount, and stable, adequate, and documentable income. In addition, the property must be located in a healthy (not declining) market and must be conventionally built.
June 30th Best Mortgage Rates and Lock Recommendation
By: Liz Freeman
June 30th, 2009
The stock market indexes are largely down, and the bond market hasn’t done its usual move in the opposite direction — benchmark 10 year bonds are yielding 3.5%. What gives? A mixed bag of economic reports has made investors nervous and many subscribe to the “when in doubt, wait it out” theory. So no one’s doing the happy dance except apparently Ruth Madoff.
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