Courtesy of Alicia King, Suntrust Mortgage. (703) 335-6889 Mortgage bond prices fell considerably applying upward pressure on mortgage interest rates. Trading remained volatile. Energy prices subsided a bit but not enough to overshadow higher than expected inflation data. Consumer prices rose 1.1%, higher than the expected 0.7% increase. Mortgage bonds sold off following the release [...]
Choose a Loan Type from Mortgage Loan Programs When considering the many mortgage loan programs that are available, you may find yourself overwhelmed. Click on a mortgage loan type to get a primer (in layman’s terms) on how a particular mortgage plan works. Fixed-Rate Mortgage - A mortgage loan program where the interest rate does [...]
Tuesday’s bond market has opened in positive territory as investors await today’s FOMC meeting results. The stock markets are mixed with the Dow down 21 points and the Nasdaq up 3 points. The bond market is currently up 12/32, which will likely improve this morning’s mortgage rates by approximately .250 of a discount point. There [...]
Monday’s bond market has opened in negative territory as Friday’s selling carries into the new week. The stock markets are showing gains with the Dow up 95 points and the Nasdaq up 15 points. The bond market is currently down 12/32, which will likely push this morning’s mortgage rates higher by approximately .250 – .375 [...]
Mortgage bonds prices fell last week applying significant upward pressure to mortgage interest rates. Trading was volatile throughout the week, as market participants remained concerned over the recent credit issues and inflation. Lower than expected unemployment and higher than expected average hourly earnings resulted in bonds falling considerably last Friday. Adding to the volatility were [...]
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