Monthly Archives: January 2012

MORTGAGE RATES HIT NEW ALL TIME LOWS – 30 YEAR FIXED AT 3.625%!!

MORTGAGE RATES HIT NEW ALL TIME LOW – 30 YEAR FIXED AT 3.625% Last week saw a huge MBS rally, pushing mortgage rates to new all time lows.  The MBS Market closed last week trading down (+ 103 bps). This rally started on Wednesday when the FOMC announced that the Federal Fund Rates (The rate […]

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MORTGAGE RATES RISE – FANNIE MAE PRICING INCREASES NOW IN EFFECT.

MORTGAGE RATES RISE – FANNIE MAE PRICING INCREASES NOW IN EFFECT. January 23rd, 2012 The MBS Market closed last week trading down (- 56 bps).  The stock market was up for most of the week, which saw investors pull money out of bonds and into stocks – pushing mortgage pricing up. If you have read […]

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RATES KEEP GOING DOWN – FANNIE MAE PRICING HITS COMING MONDAY

RATES KEEP GOING DOWN!! January 16th, 2012 The MBS Market closed last week trading up (+ 12 bps).  Rates are now even lower than the lowest rates ever last week.  I have mentioned Fannie Mae pricing increases coming in past updates.  Our last investor makes this change on January 23rd – so if you think […]

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LOWEST MORTGAGE RATES EVER!! – OBAMA’S MASS REFINANCING PROGRAM

LOWEST MORTGAGE RATES EVER!! January 9th, 2012 The MBS Market closed last week trading up (+ 25bps).  This was another great week for interest rates that saw fixed rates reach their LOWEST LEVELS EVER!!  In the history of the mortgage industry, borrowers have never been able to get better mortgage pricing than they can now.  […]

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2012 – MORTGAGE RATES END THE YEAR ON A HIGH NOTE

2012 – MORTGAGE RATES END THE YEAR ON A HIGH NOTE January 4th, 2012 The MBS (mortgage backed security) market closed last week trading up (+ 87 bps).  We saw some great pricing improvement and rates continue to remain around their all time lows.     As stated in the last rate update, I still don’t […]

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