Mortgage backed securities have done three virtual freefalls in the last week and a half, only 8 trading days. Since MBS pricing is what … (2 comments)
mortgage rates: Where are Mortgage Rates Headed? - 01/26/09 10:11 AM
This can be a confusing time right now when it comes to determining whether to lock or float your mortgage rate to get the best deal. As I write this, there are many originators talking about both sides of the spectrum as to where mortgage rates are headed. While there is … (0 comments)
mortgage rates: When Lethargic Rabbits Start Running - 01/06/09 09:40 PM
Lately, my posts have become more about the warnings of government actions and their longer term effects on mortgage rates. Ultimately, I have been talking about increased inflation, the mortgage rate bubble, and mortgage rates breaking into double digits, all of which could very well happen in the not-so-distant future as … (3 comments)
mortgage rates: E-Book on the Economy and Mortgage Rates Coming - 06/07/08 07:51 AM
I don't normally throw out advertising in this blog, but I wanted to get this news out...
In the next month or so, I am going to finish a book on how the economy affects mortgages rates. I believe every mortgage professional, and any other professional in the industry who wants … (5 comments)
mortgage rates: Are You in Parity with a Loonie, and Should You Care? - 09/25/07 09:09 AM
Many of you are in fact on the same level as a Loonie. Ok, maybe not you, but the money in your wallet is. So, what is a Loonie? A Loonie is the Canadian Dollar and it has always (or almost always anyway) been worth less than the US Dollar. So, it … (7 comments)
mortgage rates: Don't FIX It if Your ARM is Not Broken - 09/18/07 11:19 AM
Many homeowners have been rushing to refinance their Adjustable Rate Mortgages (ARMs) into a Fixed Rate Mortgage, mostly out of fear. While it is true that many ARMs adjusting this year will put homeowners into increased mortgage payments, some of which they will not be able to afford. However, I am … (5 comments)
mortgage rates: Did Anything New Come Out of the Hole? Jackson Hole that is. - 08/31/07 12:45 PM
As you more than likely already heard, Big Ben Bernanke was speaking today in Jackson Hole, Wyoming. What is amazing is how investors and analysts really wanted to get him to say if the Fed Funds Rate was going to get cut on Sept. 18th. Yeah, like that was going to … (4 comments)
mortgage rates: OK, Apparently not Everyone is Getting it? - 08/30/07 09:50 AM
What am I talking about? How mortgage interest rates are driven. I continue to see so-called experts, politicians, etc. stating that a Fed rate cut will help adjustable rate holders. That is not the reality. What drives mortgage rates are Mortgage Backed Securities (MBS). These are the bonds that are a "package" … (2 comments)
mortgage rates: Dilbert and the Mortgage Market: Can You Relate? - 08/13/07 04:07 PM
This Sunday's paper had a Dilbert cartoon strip that caught my attention and related directly to how mortgages are being offered in the name of "competition". The Dilbert cartoon was about the boss asking Dilbert to prepare a proposal that is full of lies and which if they were to win, … (3 comments)
mortgage rates: Adjustable or Fixed Rate: Which One Should You Choose? - 07/27/07 03:24 PM
With all of the media reports about how bad ARMs and exotic mortgages are, you would first jump to the conclusion that Fixed Rate Mortgages (FRMs) are clearly the better deal. I am sure you have seen the reports of the subprime woes and how many families have been forced into … (12 comments)
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If you have wondered why mortgage rates have been climbing, falling, and climbing again, here is a great view into the current mortgage backed securities market…
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