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5:19pm November 21st, 2008Mortage Rates November 21, 2008

When E. F. Hutton speaks, wait I mean when Obama speaks the Street listens.
Once TIm Geithner was anounced by Obama to head up the  Treasruy, the market rallied.
Tresauies took a hit but MBS stayed strong, notice the long tail represents heavy selling early in the day. There was actualy a repice for the worse at 11 a.m. MST. A few lender released a price improvement late in the day. O...


10:51am November 21st, 2008Inflation’s Counterpart Deflation Is It Real

CPI OCT 2008
Image courtesy: The Wall Street Journal After supposedly being eliminated as a concern 5 years ago, Inflation’s counterpart Deflation is ominously present. The Fed has cut the Fed Funds Rate to promote economic growth and those changes can take up to 12 months to work their way through the economy. Deflationary pressures we’re seeing today, in other words, may ...


5:20pm November 20th, 2008Mortgae Rates November 20, 2008

I may have spoken too soon! Yesterday I stated we normally see the Flight to Security in sell offs such as yesterdays. Today the Flight took off.  We are now witnessing historic yields never seen on U.S. Treasuries.
The Two-Year has never dropped below 1%; today it did! In uncertain times investors will invest their funds in investments that will yield returns, without huge risks.  This is...

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Mortgage markets were extremely volatile last week, carving out a wide range between Monday and Friday. Thankfully for rate shoppers, the overall momentum was positive. Mortgage rates fell for the second time in as many weeks. Rates still sit higher versus their early-October lows...
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Obama signed the First-Time Home Buyer Tax Credit today. Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday....
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Friday morning President Barack Obama will sign the new bill extending the First Time Home Buyer Credit. The bill also includes $6,500 credit for Buyers who are current Home Owners and have been in a principal residence for at least five of the last eight years...
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The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to pick up” since the September FOMC meeting and that housing market activity has increased. It...
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Please take the time to watch and try to understand! Related posts:Join Rick Santelli’s Revolution Join Rick Santelli's Revolution...Six Tax Breaks Every Homeowner Should Know Benjamin Franklin once said, "In this world nothing can be...Rent vs. Own $70 National Spread (video) Rent vs. ...
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Mortgage markets improved last week after a series of hugely volatile trading sessions. Rates carved out a wide range on the week, culminating in a late-Friday plunge that dropped rates by about 1/8 percent. It was the first time in 5 weeks that mortgage rates fell...
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For August, the Case-Shiller Index showed annual home values improving across 19 of 20 U.S. markets. It’s the first time in 3-plus years that the benchmark housing index has shown such strength. ...
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Are we turning the corner? Or is the GOV just propping us up...
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The national housing supply fell to a 2-year low last month, according to the National Association of Realtors®. At the current sales pace, existing home inventories would sell out in 7.8 months — 30 percent faster versus November 2008. F...
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According to the government, home valuesedged lowerlast month. The Federal Housing Finance Agency’s Home Price Index report shows values down by0.3 percent from the month prior –the index’s first down month since April. The ...
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Mortgage markets were volatile last week, making it very difficult to shop for mortgage rates. On most days, lenders issued multiple rate sheets with the trend putting rates higher in the morning, and lower in the afternoon. Overall, mortgage rates were unchanged on the week...
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With crude oil at its highest levels since October 2008, retail gas is up 8 cents per gallon this week. It’s bad news for home buyers and mortgage rate shoppers. The same force that’s driving oil higher is linked to rising mortgage rates. We’re talking about the weakening U.S. Doll...
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The new Good Faith Estimate makes its debut January 1, 2010. Expanded from 1page to 3, the legislators responsible for the new Good Faith Estimate want it to be simpler for homeowners and home buyers to understand than the former version. By most accounts, Congress will meet this goal...
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Mortgage markets worsened last week on better than expected economic data, causing mortgage rates to rise. Last week was the third consecutive week that mortgage rates moved higher and, since touching a multi-month low in early-October, conforming mortgage rates are up by about a half-percent...