Tag: free rate update
Rate Update July 28, 2009
Mortgage rates are unchanged from yesterday. As I explained in yesterday’s ‘rate update’ we are closely watching the level of foreign participation in this week’s US Treasury auctions. Today there will be $42 billion in US T-bills sold to the market. We wouldn’t surprised to see mortgage rates increase due to the additional supply of [...]
Posted: July 28th, 2009 under Rate Update.
Tags: case-shiller, case-shiller july 29, direction of mortgage rates, float my rate?, free rate update, july 28, july 28 mortgage outlook, july 28 mortgage rates, lock my rate, lock or float my rate? july 28, Rate Update
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Rate Update July 22, 2009
Sometimes words can be louder than actions. As we expected in yesterday’s ‘rate update’ mortgage rates have improved modestly this morning thanks to Ben Bernanke’s assurances that the Fed has the tools to curb future inflation (even though no action has been taken thus far). We pointed out earlier in the month the importance of [...]
Posted: July 22nd, 2009 under Rate Update.
Tags: free mortgage outlook, free rate update, july 22 mortgage outlook, july 22 mortgage rates, lock or float, lock or float my interet rate?, mortgage rates, Rate Update, what will happen to mortgage rates?
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Rate Update July 16, 2009
Mortgage rates did move higher yesterday afternoon but have dropped back to yesterday’s levels this morning. For the last week we’ve been stressing the importance of the financial sector during this 2nd-quarter earnings season. On Tuesday Goldman Sachs reported better than expected earnings which pushed rates higher. This morning JP Morgan reported better than expected [...]
Posted: July 16th, 2009 under Rate Update.
Tags: CIT, evan swanson, free rate update, JP Morgan, july 16 mortgage outlook, july 16 rate outlook, lock my mortgage rate, Rate Update
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Rate Update July 14, 2009
Mortgage rates are higher this morning. See today’s you tube video for an explanation. We are shifting our outlook to a neutral stance because mortgage-backed bond prices appear to have technical support at the current levels. Should prices dip below support we will shift our outlook to locking. Tomorrow the Labor Department will be releasing [...]
Posted: July 14th, 2009 under Rate Update.
Tags: free rate update, Mortgage Advice, mortgage rates, Rate Update
Comments: 1