June 30th Best Mortgage Rates and Lock Recommendation
By: Freeman Liz
June 30, 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.
Share this article with:
June 29th Best Rates / Lock Recommendation
By: Freeman Liz
June 26, 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.
Share this article with:
June 24 Best Rates / Lock Recommendation
By: Freeman Liz
June 25, 2009
Program Rate 30 Year FRM 5.18% Better by .03% 15 Year FRM 4.65% Better by .03% 5/1 Year ARM 3.92% Better by .02% Jumbo 30 Year FRM 5.49% Better by .03% Here is today's look at best mortgage rates (which may require points), provided by Mortgage News Daily, Freddie Mac, and other sources. Note that Freddie Mac's AVERAGE rates are typically higher than BEST rates, because average ra...
Share this article with:
Frank Says US Will Have More Renters
By: Freeman Liz
June 19, 2009
At a speech today for the National Association of Real Estate Editors (NAREE), Congressman Barney Frank (D-MA) restated his view that "homeownership for all as a goal is flawed." And that as there are many buyers or former buyers out there who would be "more appropriately renting", that "rent reform" will also be a priority with the administration. The crisis that began with buyers acquiring prop...
Share this article with:
June 16 Best Rates / Lock Recommendation
By: Freeman Liz
June 16, 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.
Share this article with:
Down Payment Got You Down? Try a Pledged Asset Mortgage
By: Freeman Liz
June 15, 2009
Yes, the stock market has been improving lately, yay. But selling stocks to fund a down payment on property could still leave you with a big fat loss you'd rather not take.
Share this article with:
Best Jun 15 Interest Rates / and Lock Recommendation
By: Freeman Liz
June 15, 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.
Share this article with:
Best Rates and Lock Recommendation for June 12, 2009
By: Freeman Liz
June 12, 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.
Share this article with:
Best Rates and Lock Recommendation for June 11, 2009
By: Freeman Liz
June 11, 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,
Share this article with:
Best Rates and Lock Recommendation for June 10, 2009
By: Freeman Liz
June 10, 2009
Here is today's look at best mortgage rates, provided by Mortgage News Daily, Freddie Mac, and other sources.
