Phoenix Mortgage Broker – Daily Interest Rate Update Friday, October 2, 2009
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Continue to float but stay tuned for rate alerts. Rate markets are overbought and unless the stock market really implodes today there is no more to the rally with Treasury auctions looming [...]
A new way to pay off your house
By Bob Mangold
Accelerator loans, common in Australia and the U.K. but new to the U.S., use special accounts that encourage paying off your mortgage in 1/3 the time of a traditional 30 year loan
A different type of home loan, called a mortgage accelerator, has migrated to the United [...]
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 [...]
Interest Rate Review – Thursday August 20, 2009
There was hardly any volume in the financial markets today. Treasuries, MBSs and the stock market saw no real volume as the summer doldrums continue. Tomorrow we expect volume levels to be even thinner. The rate markets did manage more improvement today mostly coming this afternoon. The technicals [...]
