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The Daily Mortgage Interest Rate Lock Advisory – June 30, 2009

June 30th, 2009 7:54 am
What the Mortgage Backed Securities Market is Doing Today: The FNMA 30-Year 5.0% Coupon opened down this morning 9/32 to 101.71 on signs the decline in housing prices is beginning to wane. T... [Read More]

After 2 Weeks of Large Increase Mortgage Rates Fall Again

June 19th, 2009 3:21 pm
So for the previous two weeks we saw sizable gains in mortgage rates. Between May 28th and June 11th 30 year mortgage rates jumped from 4.91 to 5.59. This week we saw rates drop down to 5.38. Altho... [Read More]

Mortgage Rates Spike Up Rapidly

June 4th, 2009 11:19 pm
Mortgage Rates spiked up this week. The 30 year rate jumped from 4.91 to 5.29. This is the highest we have seen mortgage rates all year. Last week mortgage rates moved from 4.82 to 4.91 last week.... [Read More]

New Legislation to Regulate Credit Card Companies

June 4th, 2009 11:18 pm
A bill will soon become law that curtails certain practices of the credit card companies. The irony is that banks were told this month to raise more capital, then Congress decides to impede one of th... [Read More]

The Daily Mortgage Interest Rate Lock Advisory – May 14, 2009

May 14th, 2009 9:08 am
What the Markets Are Doing Today: The bond market, mortgage backed securities and the stock markets all opened in positive territory this morning following a better than expected economic report.... [Read More]

The Daily Mortgage Interest Rate Lock Advisory – May 13, 2009

May 13th, 2009 12:41 pm
What the Markets Are Doing Today: The bond market and mortgage backed securities opened in positive territory this morning. Meanwhile, the stock markets opened in negative territory this morning foll... [Read More]

The Daily Mortgage Interest Rate Lock Advisory – March 24, 2009

March 24th, 2009 9:07 am
What the Markets Are Doing Today: Prices of bonds and mortgage backed securities opened down (yields up). Stocks also opened down this morning. There are no economic reports due out today.... [Read More]

The Daily Mortgage Interest Rate Lock Advisory – March 20, 2009

March 20th, 2009 10:08 am
What the Markets Are Doing Today: Prices of bonds and mortgage backed securities opened up (yields down) this morning before reversing course and are now down in price (yields up). Stocks also opened... [Read More]

Mortgage Rates Are Dropping!

March 18th, 2009 6:14 pm
There was a huge rally in the bond and mortgage backed securities (MBS) markets this afternoon. The rally came after the FOMC meeting that was held yesterday and today. The Feds have announced that th... [Read More]

The Daily Mortgage Interest Rate Lock Advisory – March 17, 2009

March 17th, 2009 9:51 am
Happy St. Patrick’s Day What the Markets Are Doing Today: The bond and mortgage backed securities (MBS) markets both opened up slightly but are almost flat this morning. Stocks also opened up... [Read More]

Lower Mortgage Interest Rates Make A Difference

March 15th, 2009 5:26 pm
Lower mortgage interest rates make real estate home purchases in Iselin, Middlesex County, New Jersey more afforadable.

Mortgage Rates Back Down to Historical Lows

March 14th, 2009 10:43 pm
30 Year Mortgage Rates dropped from 5.15 to 5.03. With the exception of the weeks of January 8th, 2009 and January 15th 2009 this is the lowest rates have been in over 40 years. The other 3 major mo... [Read More]
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