Mortgage bond prices rose this week helping mortgage interest rates fall. Weaker than expected industrial production data helped start the week on a positive note for lower rates. Retail sales rose 0.3%, weaker than the expected 0.5% increase and very bond friendly. We were very fortunate to have rates hold mid week despite higher than [...]
ShareStop Snail Mail in Its Tracks Tips for Reducing Junk Mail Junk mail is not only annoying, it’s expensive, too! Did you know that over the course of your lifetime you will spend up to 8 full months perusing junk mail, half of which you’ll throw away without ever even opening? It’s true. Americans reportedly [...]
ShareMortgage Bonds are starting the day lower, but off the worst levels seen earlier this morning. No economic reports are expected to be released today and without the major corporate earnings reports, Traders are starting to position themselves ahead of the extended holiday weekend. Fed Chairman Ben Bernanke is presently at the G20 meeting in [...]
ShareYou’ve probably grown even more familiar with “Don’t fight the Fed” as the media talks about how the Fed’s QE2 has been the driving force behind the rally in Stock prices. On November 4th when Mortgage Bonds were trading at all time highs, three stated goals of QE2 were provided which included heightened Stock prices, [...]
ShareDon’t spend more for a mortgage then you need to! FHA is increasing the cost of Monthly Mortgage Insurance on April 18th, 2011. To avoid paying more for Mortgage Insurance, it is important that all FHA buyers or borrowers who are ready to buy or refinance have their loan application completed and contracts written before [...]
Share“Bad news goes about in clogs, good news in stockinged feet.” Welsh Proverb. And there was certainly both good and bad news in last week’s Jobs Report. Here’s what we saw…and what this means for home loan rates. The Labor Department reported that just 36,000 jobs were created in January, with only 50,000 jobs created [...]
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