Rates Remain Under 5% for 2nd Week In a Row (see last paragraph for mention of possible extension of Tax Credit again!) "The possibility of securing a mortgage rate below 5% has greatly improved in … [Read more...]
Forecast on Bailout Money
So we have a positive forecast for the bailout money that was used to bailout the mortgage industry. The TARP that is used to help create jobs and so forth is foreseen to be a loss. We have a decision … [Read more...]
Frisco Home Sales and Average Prices…Expectations for Future Foreclosures
Home Sales up Given what our market has been through, lets think with our common sense and jump to some apparent obvious conclusions about what we would expect. With the enormous number of … [Read more...]
January Retail Sales Data may not help rates today…
After a couple days of low rates, we in the mortgage "circle" were hoping for the January Retail Sales Data report to come back negative...again, it's not good for the economy for negative reports, … [Read more...]
Should I pay points/origination…CONT’D/Part II
Should I pay points/origination? If you haven't read part I of this Blog, please click on this hyper link...Part I or scroll to the Blog title previous to this one below. ...YES!!! Pay … [Read more...]
Today’s Expectations of Interest Rate and Fed’s Next Move
First, what are the expectations of the Fed's next move on Prime Rate? Today around 1:15, the FOMC (Federal Open Market Committee) is meeting and the results are to help estimate their next position … [Read more...]
Your Hopefully Lowest Rate for Your Refinance or Purchase is Positive Today
Yesterday we talked about some economic reports that may have barring on today's rates and maybe even more Monday. The December Industrial Report was twice as bad as expected, www.bloomberg.com … [Read more...]
How to find the best interest rate for your refinance watching the market?
At this point, making judgment to forecast what the market will deliver in reference to the best time to lock your interest rate has been a coin flip. This week and last week haven't necessarily … [Read more...]
Employment Reports Hoping to Drop Mortgage Rates
What are the hopes for the short term in interest rates for your hopes in a more successful refinance? In a daily report yesterday, Moving.com said, "Current forecasts call for a 0.3% increase in the … [Read more...]
What Are Mortgage Rates Going to do In the Short Term
In a report yesterday, mortgage guru at Mortgagerate.com wrote the following.The recent bond rally has driven bond prices higher and mortgage rates lower, however, I am concerned that we may see an … [Read more...]
