Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end. [...]
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Mortgage rates are tough to pin down because, although the recession is over, everyday citizens aren’t spending like it is. [...] Conforming and FHA mortgage rates rose for the first time in 5 weeks last week, pulling mortgage pricing off its best levels of the year. [...] 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 [...] 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 [...] 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 [...] |
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