Tough to tell if we are seeing stabilization or some kind of an outlier, given the changes in manufacturing (auto makers) coming down the line in that region
Mixed markets have greeted us on this last day of [...]
Early estimates call for job losses of 370K and the unemployment rate to print 9.6%
After a roller coaster month, started by the surprise payroll [...]
For now, the price change alert is off but caution is still advised.
Mortgage backs seem to be the only instrument holding their [...]
FOMC Announcement
Release Date: June 24, 2009 For immediate release Information received [...]
High probability of a worsening mortgage price change.
High probability of a worsening price change. Technical structure [...]
The Fed also reiterated that they will purchase 1.1 trillion in mortgage backs by year end in an effort to keep mortgage rates low.
Fast market conditions exist with the 10 year note currently [...]
We favor the market consensus which calls for no change in mortgage rates or policy statement.
Traders, both in stocks and bonds are on edge this [...]
Mortgage pricing translation; don’t expect reprices for the better of any great proportion.
The market has been a little tipsy this morning, primarily [...]
YES, $8,000 First-Time Homebuyer Tax Credit CAN be used as down-payment on an FHA loan
Effective 6/22/09 , the $8,000 first-time homebuyer tax credit can [...]
The mortgage price you see today, will probably not be there two hours from now let alone tomorrow
Trading has been brisk for a Monday morning/afternoon, adding to [...]