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mortgage treasury spread: Mortgage Rates Set a New Record Low on Weak Economic Data - Daily Rate Update for July 1st, 2010 - 07/01/10 01:05 PM
First Time Homebuyer Closing Extension Almost Certain; 30-year Fixed Hits 4.58%; Unemployment Claims up - will Non-Farms Payrolls miss tomorrow? - Rate Lock Report for July 1, 2010
Happy July! I imagine many of your reading this are relieved that the deadline to close tax credit homes has passed; I hope you were successful in getting them all to the table; if not, congress finally got it together and passed an extension through both houses yesterday, so you will likely have until September 30th to close those.
New unemployment claims were unexpectedly higher today, at 472,000, further bringing into question economists … (0 comments)

mortgage treasury spread: Government Intervenes to Stabilize Fannie, Freddie; Will Mortgage Risk Fall? - 09/08/08 04:44 PM
In a widely anticipated move, the United States Treasury placed mortgage giants Fannie Mae and Freddie Mac in conservatorship this weekend, shoring up markets for the mortgage giants debt, but essentially canceling the value of those companies' stock.  This move is seen as providing much-needed reassurance to mortgage investors that their investments will hold value. 
Government Sponsored Entities (GSEs) Fannie and Freddie are integral to the mortgage and real estate markets, as they guarantee over $5 trillion in home mortgages, roughly half the US market.  Recently, the cost of borrowing under a mortgage has increased dramatically in comparison to other types … (1 comments)

mortgage treasury spread: Wondering why rates are all over the place? It's called "Deleveraging" - 03/06/08 07:59 PM
In the past 10 years, total mortgage balances (1995 to 2004 and 2004-2007 see section L.217) in the United States balooned from $5.128 trillion in 1997 to $14.557 trillion in 2007. 
That's an increase of over 250%!
Where did all that money come from?  In that time, the economy didn't grow by nearly that much.  No, in fact, the money came from financial leverage.  In a nutshell, financial leverage allows an investor to dramatically increase investments by using other people's money.  Often investors might have as little as 5% equity in any given transaction, having borrowed the rest from someone else. 
… (1 comments)

 

Dan Hartman

Providence, RI

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Province Mortgage Associates - (401) 263-8655

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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page Site Meter


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