Phoenix Mortgage Broker Warns……LOCK Your INTEREST RATE We warned of increased volatility this week, the rate markets are near term bearish but with not much enthusiasm for massive selling. Yesterday mortgage prices started better, this morning starting lower. We suggest floating to start the day, but remind to stay close for our updates. Not willing to press the [...]
Phoenix Mortgage Broker Makes Sense Of Today’s Interest Rate Market Floating today is touchy; while the markets are better the likelihood of more improvement through the day is questionable and depends on how equity markets act. We suggest floating to start but we also caution that the near term is bearish for the bond and [...]
Phoenix Mortgage Broker reveals why shopping for the lowest rate is a BIG MISTAKE!! That’s right, shopping for the lowest interest rate is one of the BIGGEST MISTAKES Phoenix homebuyers can make! Let me explain; about two months ago I received a call from someone looking for a new mortgage to purchase a home in [...]
Are you searching for a Phoenix, AZ home? If so, Phoenix area homebuyers should be monitoring interest rates every day! Bookmark or sign up for our RSS feed or Twitter feed to receive this market update on a daily basis. Interest rates can have significant swings on a daily and have a huge impact on [...]
Phoenix Mortgage Broker – Daily Interest Rate Update So far today is the first day in the last four that has treasury prices trading higher, mortgages are following as usual. I suggest floating to begin the day but unless mortgage prices advance from morning levels enough to lessen risk of holding overnight we will lock [...]
Phoenix Mortgage Broker – Daily Interest Rate Update Tuesday, October 6 2009 Now is a great time to buy a Phoenix area home with very low interest rates on FHA, VA or a USDA loan I have started the day by floating. Mortgage rates are bumping against their best since last Spring; both the mortgage [...]
Phoenix Mortgage Broker – Daily Interest Rate Update Friday, October 2, 2009 Apply For An Arizona FHA, VA or USDA Loan Here 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 next [...]
Phoenix Mortgage Broker - Daily Interest Rate Update Thursday October 1, 2009 I am starting today by floating; not willing to hold overnight however unless mortgage prices improve from morning pricing levels. We very rarely hold any positions in the market leading into employment reports. At 8:00 this morning the stock index futures were trading [...]
Phoenix Mortgage Broker – Interest Rate Update Wednesday, September 30, 2009 Given the huge double barrel shock to the equity bulls; the Chicago PM index and the ADP employment estimate, we suggest floating to start the day. Yesterday we locked all rate locks overnight in preparation for the employment report and the 10 yr note [...]
Phoenix Mortgage Broker – Daily Interest Rate Update Tuesday September 29, 2009 I have held rate locks into this morning to confirm that the 10 yr had held its technical resistance, but warned not to hold locked loans taken yesterday on the re-price improvements. We will float again to start the session but will likely [...]
