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 gives his thoughts on interest rate markets If you have an FHA, VA or USDA loan, LOCK YOUR RATE!! Get started on an Arizona FHA, VA or USDA loan HERE Mortgage prices are already lower than at 9:30 as seen below. The 10 yr has taken out its support at 3.28%, the next [...]
Phoenix Mortgage Broker -FHA Mortgage, VA Loan and USDA Loan Interest Rate Update Monday October 5, 2009 Begin the day by floating; technically the rate markets remain bullish but with added underlying volatility. As long as the 10 yr note manages to hold under 3.25%/3.28% yield the technical outlook will remain bullish for the mortgage [...]
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 [...]
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 [...]
Phoenix Mortgage Broker Daily Update – September 28, 2009 Hold rate locks and continue floating this morning; while not much change from Friday’s closing levels, holding in the face of a strong stock market this morning. Keep focused on our rate alerts; we have nice profits from floating last week and we are not willing [...]
