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 [...]
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 [...]
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 [...]
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 [...]
