The rate markets are testing key support levels; still holding but looking more vulnerable with today’s price action. Suggest locking and not floating over the weekend. The bond and mortgage markets started badly early this morning and didn’t let up all day. Beginning to get a little concerned that lour forecasts for 5.00% mortgage rates may not [...]
Phoenix Mortgage Broker – Interest Rate Update Friday, September 18, 2009 Treasuries and mortgages opened weaker this morning, no follow-through from the strong rally yesterday. Pushing prices lower, the stock indexes started better pointing to a firm opening at 9:30. At 9:00 the 10 yr note -8/32, mortgages prices -5/32. At 9:30 the DJIA opened +52, the 10 [...]
How To Buy An AZ Foreclosure With A $100 Down Payment! About This Program: If you’re looking for a great deal when you buy your new home, you should look at HUD homes. They have a program that allows you to buy a HUD home with only $100 down. You will be required to put [...]
How to Successfully Improve your Credit Score- Part 1 By Bob Mangold It is vitally important to have good credit today. Not only does it determine the interest rate you will pay when you buy a car or a home, but a good credit history is also a factor when you are applying for a [...]
Wednesday, September 16, 2009 Interest Rate Update for FHA, USDA loans A better start this morning; at 8:00 the 10 yr note yield had slid back to 3.41% frm yesterday’s close at 3.46%; the DJIA index traded +48. At 8:30 August CPI, expected to be +0.3% and the core +0.1%, hit at +0.4% overall and [...]
September 15, 2009 – Interest Rate update Treasuries and mortgages were lower early, prior to 8:30 data. At 8:00 the 10 yr was -1/32 and mortgages unchanged. At 8:30 data flowed; August PPI up 2.7% with the core (ex food and energy) +0.2%—-both were higher than expectations. August retail sales were a lot stronger than [...]
Monday September 14, 2009 Phoenix Mortgage Market & Interest Rate Strategies This information is best utilized on anticipating mortgage rates for Conventional, FHA Mortgages and USDA Mortgages. Remember, rates are determined by many factors including credit score, income, debt ratios and reserve funds. To apply for an Arizona Home Mortgage CLICK HERE Treasuries started a [...]
Phoenix Mortgage Market & Interest Rate Strategies This information is best utilized on anticipating mortgage rates for Conventional, FHA Mortgages and USDA Mortgages. Remember, rates are determined by many factors including credit score, income, debt ratios and reserve funds. To apply for an Arizona Home Mortgage CLICK HERE Last week; Treasury found strong demand for [...]
Friday, September 11, 2009 Mortgage Interest Rate Update Early this morning (7:30) the 10 yr note was +9/32 at 3.33%, mortgages started +3/32. At 8:30 the 10 +1/32 3.35% unch and mortgages +1/32; August import prices were up 2.0% for the month dragging treasuries back a little. At 8:45 the stock index futures were slightly better. [...]
Thursday, September 10, 2009 Daily Mortgage Interest Rate Update At 8:30 this morning the 10 yr note +5/32, mortgage prices +3/32. Weekly jobless claims hit down 26K against forecasts of a decline of 10K to 550K, the lowest weekly claims since early July; last week’s claims were revised slightly higher to 576K from 570K originally reported. Continuing [...]
