Monthly Archives: February 2013

INTEREST RATES SHOW BIGGEST IMPROVEMENT IN OVER A MONTH

INTEREST RATES SHOW BIGGEST IMPROVEMENT IN OVER A MONTH February 25th, 2013 Interest rates have remained consistent to slightly moving upward for many weeks. On Monday morning the mortgage backed security market was trading down (-21 bps), pushing rates higher again. Finally a break through took place triggering a dramatic turnaround. The Italian parliament elections […]

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INTEREST RATES STAY CONSISTENT / 85 BILLION IN SPENDING CUTS

INTEREST RATES STAY CONSISTENT  /   85 BILLION IN SPENDING CUTS ON FRIDAY February 25th, 2013 Interest rates remain stable for the third straight week.  The Mortgage Backed Security Market closed the week trading up (+ 16 bps), but Monday morning is trading down (-21 bps).  Interest rates continue the trend of staying relatively the same […]

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INTEREST RATES STABLE LAST WEEK / UNCERTAINTY LOOMS

INTEREST RATES STABLE LAST WEEK  /   UNCERTAINTY LOOMS February 18th, 2013 I hope everyone had a great President’s day and hopefully got the day off of work. The MBS market closed down (-48 bps) on the week.  Most of the movement was due to a monthly rollover.  Even though the MBS market was down, interest […]

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INTEREST RATES RISING QUICKLY

INTEREST RATES RISING QUICKLY February 8th, 2013 Rates have risen approximately .25% on fixed loans since my last update 2 weeks ago.  Adjustable Rate Mortgages have maintained their same levels.  The Mortgage Backed Security market is trading down (-83 bps) over that time.  The stock market has held recent gains which pushes investor money out […]

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FHA OFFICIALLY INCREASING MORTGAGE INSURANCE PREMIUMS

FHA OFFICIALLY INCREASING MORTGAGE INSURANCE PREMIUMS: I warned about this in previous updates.  FHA is now officially raising mortgage insurance premiums.  The good news is the new guidelines don’t go into effect until April 1st – so those looking to do a FHA loan should move quickly.  Here are the new guidelines: –          Annually Mortgage […]

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