Monthly Archives: March 2013

INTEREST RATES CONTINUE TO IMPROVE – LAST WEEK TO START A FHA LOAN BEFORE MI RATES GO UP

INTEREST RATES CONTINUE TO IMPROVE – LAST WEEK TO START A FHA LOAN BEFORE MI RATES GO UP March 25th, 2013 Interest rates continued positive momentum last week.  The Mortgage Backed Security market traded up 4 of the 5 days closing the week up (+16 bps).  The one day that held interest rates from going […]

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INTEREST RATES IMPROVE – FED MEETING THIS WEEK

INTEREST RATES IMPROVE  –  FED MEETING THIS WEEK March 18th, 2013 Interest rates had a good week last week with the mortgage backed security market closing the week trading up (+ 60 bps).  Welcome news after the sharp rise in rates the week before.  Overall, fixed interest rates went down approximately .125% with similar costs. […]

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FIXED INTEREST RATES CLOSE WEEK AT MULTI-MONTH HIGH – ARMS STILL PRICING GREAT

FIXED INTEREST RATES CLOSE WEEK AT MULTI-MONTH HIGH  –  ARMS STILL PRICING GREAT. March 10th, 2013 Interest rates rose every day last week – and the rate markets look increasingly bearish moving forward. The Mortgage Backed Security market closed last week (-85 bps).  The week was capped by a better than expected February unemployment report […]

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LOWEST INTEREST RATES IN OVER A MONTH – 30 YEAR FIXED TO 3.5%

INTEREST RATES SHOW BIGGEST IMPROVEMENT IN OVER A MONTH – 30 YEAR FIXED TO 3.5% March 4th, 2013 Interest rates have been creeping up since December. Interest rates needed a dramatic event to turn the tide, and we saw that on Monday. With uncertainty regarding the results of the Italian elections, the stock markets tanked […]

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