Ok folks, i have been saying this for several weeks, Rates are going up!!! If you are on the fence about buying or refinancing your home the time to do this is NOW!!!! Today we have lost over 90bps (that’s ALOT) in the mortgage bonds and this spells out higher rates. While it is true that rates [...]
ShareFor the week of Nov 22, 2010 — Vol. 8, Issue 47 In This Issue Last Week in Review: The debate over Quantitative Easing continued, as did the [...]
ShareEric Painter and NOVA Home Loans is excited to offer a program designed to promote homeownership in low to moderate income census tract areas. Available on Primary Residences a 1-4 unit, condo, or PUD a $400,000 maximum loan amount Available for AZ properties that are found in one of the zip codes detailed below We [...]
ShareThe Mortgage Bond Market opening higher (good news for mortgage rates) this morning on news that the Consumer Price Index (CPI) rose only .2% in October. This was .1% less than expected. This tells us inflation has only risen 1.2% over the last year. The market is still trying to figure out what QE 2 [...]
ShareMortgage Bonds are improving this morning after 6 of the last 7 days of getting beat down. The Producer Price Index (PPI) was reported at .4% when expectations were .8%. Removing food and energy from the factor, PPI was -.6% which was much lower than the expected .1%. The Consumer Price Index (CPI) will be released [...]
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