mortgage interest: Who Moved My Cheese.... - 07/14/09 10:20 AM
Better than expected earnings from Corporate America, higher Retail Sales and a hot Producer Price Index has moved our 30 year Mortgage Back Security from the cheese platter to....the waste basket? Oh no....
The producer price index is a reading on wholesale inflation. The headline number was hot and after stripping out energy and food, the core number was quite a bit better than expected. Of course there still is no fear of inflation just yet, but today shows us that any suggestion of future inflation can ruin the day in the bond markets. Tomorrow will get a better idea of … (0 comments)
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mortgage interest: What's in store for Mortgage Rates? - 06/23/09 10:59 AM
Today the Fed begins their 2 day meeting. We know the Fed Funds Rate is not going to change, but there is speculation that the Fed will buy more longer-term Treasuries, which may provide a jump start to eventually bring Mortgage rates down.
So if you are still considering a refinance, it is important to be ready to pull the trigger should "Fed-speak" cause a rally tomorrow. Be prepared to act quickly.
I've seen many people pass on saving $200 per month in the hopes rates might improve a bit more, helping them gain another $25 per month in additional savings … (0 comments)
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mortgage interest: Welcome Back, Carter - Tax Move May Hurt Home Purchases, Despite Historic Low Rates - 03/01/09 07:15 PM
I must admit, I'm still scratching my head trying to figure out how an annual income of $250K was determined to be associated with someone "rich" and "wealthy".
The move to increase taxes and limit deductions will have far reaching impact.
I agree with NAR that there could be further erosion of home prices and values as home ownership doesn't look as sexy anymore.
It's clear that Obama and his team believe that people making over $250K per year are "rich"...however there is a huge separation in this income level and the real rich.
By the way, approximately 80% of … (1 comments)
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