Yes, that’s not a typo or missing some additional .5 or .75.   As mortgage backed securitities continue to gain steam due to overall weakness in the economy the rates for Conventional and Government loans have reached new lows.   For the first time in my time as a Loan Originator I had a client... (more...)

It’s been awhile since I posted but I’ve been able to get a couple free minutes and had to point out what’s happening in the mortgage industry these days.  Over the past week Treasury Notes and Mortgage Backed Securities keep gaining in appeal as investors move out of the stock market... (more...)

I mentioned throughout February and March that the end on March 31st of the Federal Reserve’s program to purchase mortgage backed securities would impact mortgage rates in a negative way.  What was interesting to witness was the rise in rates starting several days before the end of the program.   Positive... (more...)

As we get closer and closer to the end of the Federal Reserve’s Mortgage Backed Security Purchase Program on March 31st the going sentiment has been that mortgage rates will go up.  Unfortunately there has been activity in the market this week which has already put rates on the rise.  It started... (more...)

It’s been a fairly bland week in terms of mortgage rate activity, although that’s a good thing when rates are hovering between 4.75 and 5%.  After two dataless days to start the week and little or no movement in mortgage rates, action picked up on Wednesday. Mortgage rates opened the... (more...)

Wow, March 1st is already here and the countdown has begun to the Federal Reserve’s exit from mortgage backed securities purchasing at the end of this month.   We ended last week with some pretty good rates and things have continued to be positive for mortgage rates this week as well.   The... (more...)

Mortgage rates have risen over the beginning of 2010 and are expected to climb significantly after the Federal Reserve stops purchasing mortgage backed securities in March.  Additionally any improvement to the overall economy will push rates higher as money moves out of mortgage bonds and into stocks. ... (more...)

Last week saw mortgage rates reach some of the highest levels we’ve seen so far this year.  With the homebuyer’s tax credit still around for the next couple months it’s on most buyers mind whether they’ll be able to get a rate in the upper 4′s or mid 5′s for their... (more...)

It’s been my goal to keep everyone reading our blog updated each week with what’s happening in the mortgage industry.  This post is a bit later in the week than I’d like, but it will allow me to summarize what’s taken place over the last several days.   Mortgage rates have... (more...)

Interest rates are already on the rise in 2010 and the expectation is that will not only continue but potentially explode after the Federal Reserve stops buying mortgage backed securities in March.   No matter what is happening with rates on a daily or weekly basis it’s always important to know... (more...)