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mortgage rates: Mortgage Rates - 11/06/08 10:13 AM
Mortgage backed securities were off about 40 bps this morning, but are only off 9 bps currently. I would continue to float and see if they continue to improve throughout the day.
Risks favor: Floating into Jobs Report Current Price of FNMA 6% Bond: $101.31, -34bp Mortgage Bonds are down sharply this morning after they have enjoyed a nice three-day 160bp rally higher. Prices are now resting just near important support at the 200-day Moving Average with the highly anticipated Jobs Report set for release tomorrow - read on for our Jobs Report Strategy.
Initial Jobless Claims were 481,000, slightly … (0 comments)
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mortgage rates: Good News! - 09/11/08 11:17 PM
With all of the dismal news put in the papers, finally, something that will help you and your customers out! Here is a head lines for you I found:
Mortgage-rate drop bright spot in Freddie/Fannie takeover
If you closed on a house recently, prepare to kick yourself. One of the outcomes of the federal takeover of Fannie Mae and Freddie Mac is the lowest mortgage rate in five months.
That's right, mortgage rates have lowered, and are at the lowest rates in almost a half a year!
Thanks,Greg AdelmanMidwest Home Center LLC.715-483-0012612-735-4414 cell612-395-5444 fax www.midwesthomecenter.com
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Greg Adelman
Saint Croix Falls,
WI
More about me…
Midwest Home Center
Office Phone: (952) 583-4507
Cell Phone: (612) 735-4414
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