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 [...]
Phoenix Mortgage Broker – Mortgage Interest Rate Week In Review
FHA, VA, and USDA home loan interest rates had a great week! Home purchase activity has substantially picked up in the Phoenix Real estate market prior to the expiration of the $8,000 tax credit.
Last Week; a volatile but good week for the rate markets. Mortgage [...]
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 [...]
Can I Raise My Credit Score? Part II
This is the second part of my blog from about 10 days ago on improving your credit score;
Piggyback on someone else’s good credit
The fastest way to establish a credit history can be to “borrow” another’s record, either by being added to a credit card as an “authorized” [...]
Phoenix Mortgage Broker Interest Rate Update – Thursday, September 24, 2009
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I am floating rate locks again to start the day. The equity markets hold the key to break rates into new recent lows (yields). Lower stock indexes today are critical to improving mortgage rates; if we get a lower [...]
Intraday volatility in the financial markets was the most volatile in weeks. The stock market rolled over this afternoon with selling right into the close. The 10 yr held its support but is still confined in an 8 basis point range; mortgage prices rallied after selling at mid-day. Suggest holding rate locks overnight, stocks look [...]
Phoenix Mortgage Broker – Interest Rate Update
Monday September 21, 2009
Rate markets opened better this morning with the stock index futures trading weaker. At 8:30 the 10 yr note +12/32 3.44% -4 BP, mortgage prices +6/32 and the DJIA -57. Global stock markets were weak as many currently are re-thinking the levels to which global stocks [...]
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 [...]
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 [...]
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 job, renting [...]
