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Jonathan Addison
& Ron Sneijder |
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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 Wednesday [...]
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 not change for [...]
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 is [...]
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 [...]
Friday’s bond market has opened well in negative territory following stronger than expected employment figures. The stock markets are showing modest losses with the Dow down 2 points and the Nasdaq down 8 points. The bond market is currently down 24/32, which will likely push this morning’s mortgage rates higher by approximately .375 of a [...]
Thursday’s bond market has opened in negative territory yet again as the stock markets show early gains and investors await tomorrow’s employment figures. Stocks are in positive territory with the Dow up 35 points and the Nasdaq up 14 points. The bond market is currently down 9/32, which will likely push this morning’s mortgage rates [...]
Fixed rate loans generally come with one of two options; the 30-Year Fixed and the 15-Year Fixed. If a borrower is planning on being in the same home for a long period of time, a 30-Year Fixed may be more attractive because it offers stability. The monthly payment will remain consistent over the life of [...]
Wednesday’s bond market has opened in negative territory again following early stock strength and mixed economic news. The stock markets are posting strong gains with the Dow up 101 points while the Nasdaq has gained 33 points. The bond market is currently down 8/32, which will likely push this morning’s mortgage rates higher by approximately [...]
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