Mortgage market is currently down 12 bps this morning, and equity markets are picking up the losses from last week. Existing Home Sales report came in around 16% lower in December at 5.45M, a lot lower than the 6M expected. The main thing in the news today is Ben Bernanke and his chances of a…Read the Rest of Article

Tags: Consumer Confidence, Existing Home Sales, Mortgage Backed Securities, mortgage market
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Consumer Confidence Out at 10 EST

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | December 29th, 2009

Currently up around 9 bp, we have the Consumer Confidence report coming out here in the next 30 minutes. This report surveys consumers throughout the country on their attitudes of the present and future outlook of the US economy, as this is a pretty important influence on bond and stock markets. We are estimated to…Read the Rest of Article

Tags: Consumer Confidence, stock market, us economy
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Busy and SHORT Week, So Chop Chop!

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | December 29th, 2008

Ok, so we have, including today, 3 days left until 2009. Forget the streamers, the FREE champagne, and the next day hangovers, its time to take advantage of what we have left in 2008. I checked rates today and we are up about 32 bp (basis points) and are still hovering around the 4.75% mark…Read the Rest of Article

Tags: Consumer Confidence, fha, houston rates, jobless claims, low rates, rate lock
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