Mortgage-backed security

Mortgage Rate Update 4/3/09

April 3, 2009

Mortgage rates seem ready to stabilize for an extended period of time, and our rates this week remain unchanged from last week. The stock market ended the quarter on another down cycle and corporations struggle through another tough quarter. This contributed to some additional improvement in mortgage rates early in the week, but returning to [...]

Read the full article →

Mortgage Rate Update 1/30/09

January 31, 2009

Mortgage rates are still at record lows, but they are edging up. The most troubling issue is that bank mortgage rates are moving counter to market data, meaning that mortgage banks and lenders are not passing on gains in credit market rate declines. This creates artificial tightening in consumer (mortgage) credit, as well as unpredictability [...]

Read the full article →

Mortgage Rate Update 1/9/09

January 9, 2009

This week’s rates dipped below 5% for the first time, getting as low as 4.8% for a 30 year conforming fixed loan before settling back right at the 5% mark. Almost all other rates also fell by at least 1/8th point, except the 30 year FHA. The 30 year CHFA rate fell by an eighth [...]

Read the full article →

Mortgage Rate Update 1/2/09

January 2, 2009

We’re back from the holiday break with another mortgage rate update; we hope everyone’s holidays were safe and full of good food, family, friends and the spirit of the season. All rates this week were virtually unchanged from the last update in December. The outlook for which way the rates will be headed over the [...]

Read the full article →