rates: U.S. Treasury Notes Advance as Drop in Stocks Increases Demand - 01/26/08 10:16 AM
Treasury notes gained, posting their sixth straight weekly advance, as a decline in stocks fueled concern that the U.S. economy will fall into recession. Traders pushed U.S. government debt to the best start to a year in two decades on speculation the Federal Reserve will cut interest rates by as much … (1 comments)
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rates: AWESOME FHA NEWS!!! NEW HIGHER LIMITS!!! - 01/26/08 10:09 AM
As part of the economic stimulus package being negotiated by House Democratsand the Treasury Department, Fannie and Freddie loan limits will increasedfor one year up to $730,000. The increase will be adjusted for local marketsat 125% of local median home price. The move will significantly improveliquidity and pricing in the jumbo … (0 comments)
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rates: Countrywide New "Soft Market" Policy Changes - 01/26/08 10:07 AM
I recieved this e-mail and thought I'd pass it along...
Looks like teh declining housing market is here to stay for awile....and the lenders know it!
As you are well aware, 2008 is forecasted to be a challenging year for the mortgage industry, characterized by a declining Housing Price Index in a wide … (6 comments)
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rates: Treasuries Decline as Stimulus Plan Reduces Demand For Debt - 01/24/08 12:35 PM
Treasuries Decline as Stimulus Plan, Stocks Dim Demand for Debt (edit/delete)
Ten-year Treasury notes fell for a second day as gains in stocks drew investors from government debt, pushing yields up from close to the lowest since 2003. Demand for the relative safety of U.S. notes and bonds waned on speculation … (0 comments)
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rates: Treasuries Decline as Stimulus Plan, Stocks Dim Demand for Debt - 01/24/08 12:31 PM
Ten-year Treasury notes fell for a second day as gains in stocks drew investors from government debt, pushing yields up from close to the lowest since 2003. Demand for the relative safety of U.S. notes and bonds waned on speculation that further cuts in borrowing costs by the Federal Reserve and … (1 comments)
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rates: Fed Cuts The rate .75 Percentage Point! - 01/22/08 09:08 AM
The Federal Reserve lowered its benchmark interest rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London and the U.S. economy showed increasing signs that it's headed into a recession. The central bank cut the target overnight lending rate to 3.5 … (0 comments)
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rates: Fed Cuts Rate .75 Percentage Point! - 01/22/08 09:06 AM
The Federal Reserve lowered its benchmark interest rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London and the U.S. economy showed increasing signs that it's headed into a recession. The central bank cut the target overnight lending rate to 3.5 … (2 comments)
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rates: Aurora Loan Services-Lehman Brothers...Last Day To Submit. Closing Doors! - 01/18/08 09:03 AM
Well...It's official!
Got the "official e-mail" ... even though corporate actually dropped the bomb yesterday at 10am. My file with them must fund by the 25th. That is the day that my lock expires and there will be NO MORE lock extensions! Today is the last day to submit a new loan … (2 comments)
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rates: The Rate Cuts Are Coming...The Rate Cuts Are Coming!! - 01/16/08 11:49 AM
Treasuries fell as higher-than- forecast reports on inflation and industrial production may reduce speculation the Federal Reserve will lower borrowing costs by more than a half-percentage point this month. Yields on benchmark 10-year notes were near the lowest level in more than four years. The housing slowdown and losses on securities … (7 comments)
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rates: Treasuries Fall on Higher-Than-Forecast Inflation - 01/16/08 11:47 AM
Treasuries fell as higher-than- forecast reports on inflation and industrial production may reduce speculation the Federal Reserve will lower borrowing costs by more than a half-percentage point this month. Yields on benchmark 10-year notes were near the lowest level in more than four years. The housing slowdown and losses on securities … (0 comments)
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rates: Branding Yourself...Give Yourself an Edge! - 01/16/08 11:41 AM
"A brand for a company is like a reputation for a person. You earn reputation by trying to do hardthings well."Jeff Bezos (1964 - ) Founder Amazon.comAmericans are having 3.5 billion brand-related conversations per day. Are they talking about your brand? Are they talking about you? You are a brand!According to … (1 comments)
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rates: Branding....Giving You The Edge! - 01/16/08 11:40 AM
A brand for a company is like a reputation for a person. You earn reputation by trying to do hardthings well.Americans are having 3.5 billion brand-related conversations per day. Are they talking about your brand? Are they talking about you? You are a brand!According to recent findings <http://m1e.net/c?50136946-BK1jjTsGTvytY%402950489-a.kT247ovJ8Lk> unveiled at the … (0 comments)
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rates: FNMA EA LEVELS CHANGING TO 620 MINIMUM FICO!! - 01/14/08 10:23 AM
I just recieved an e-mail from one of my lenders (GMAC)....he says that that all FNMA products will be changing as soon as tomorrow!
(from e-mail:)
ALL EA LEVELS AND MY COMMUNITY IS CHANGING TOMORROW, FANNIE IS CHANGING THE MIN FICO TOMORROW, RUN AND LOCK THESE LOANS TODAY. THEY ARE SAYING MIN … (3 comments)
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rates: FNMA CHANGING TOMORROW TO 620 MID FICO!!! BUYERS "QUALIFIED"?! - 01/14/08 10:22 AM
I just recieved an e-mail from one of my lenders (GMAC)....he says that that all FNMA products will be changing as soon as tomorrow!
(from e-mail:)
ALL EA LEVELS AND MY COMMUNITY IS CHANGING TOMORROW, FANNIE IS CHANGING THE MIN FICO TOMORROW, RUN AND LOCK THESE LOANS TODAY. THEY ARE SAYING MIN … (0 comments)
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rates: FNMA EA LEVELS ARE CHANGING TO 620 FICO!? REALTORS MUST KNOW! - 01/14/08 10:20 AM
I just recieved an e-mail from one of my lenders (GMAC)....he says that that all FNMA products will be changing as soon as tomorrow!
(from e-mail:)
ALL EA LEVELS AND MY COMMUNITY IS CHANGING TOMORROW, FANNIE IS CHANGING THE MIN FICO TOMORROW, RUN AND LOCK THESE LOANS TODAY. THEY ARE SAYING MIN … (2 comments)
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rates: Two-Year Treasuries Rise as Bernanke Cites `Downside Risks' - 01/10/08 01:48 PM
Treasury two-year notes rose, pushing yields toward a three-year low, as Federal Reserve Chairman Ben S. Bernanke signaled the central bank may cut borrowing costs this month to offset ``downside risks.''
MAY cut most likely means, WILL cut!
Traders increased bets the central bank will reduce borrowing costs by a half-percentage point … (0 comments)
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rates: Credit Card New Year's Resolution Ideas - 01/08/08 09:25 AM
Check all of your credit cards that you carry balances on to confirm the current rate. You may be surprised to see that some of these rates are higher than you recall. Remember that credit card rates can be changed very frequently and easily by the issuer, and rarely in your … (1 comments)
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rates: Foreclosures...WHO REALLY LOSES? - 01/08/08 09:23 AM
Over the past several months a steady stream of large financial companies have given notice of large losses that they are sustaining as a result of the credit crunch and sub-prime mortgage market issues. So the question is, who really loses when a company or in this case an industry loses … (0 comments)
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rates: Treasuries Post Best Start Since 2001 on Unemployment - 01/05/08 12:01 PM
The Treasury market had its best start to a year since 2001 after U.S. unemployment rose to the highest rate in more than two years and manufacturing expectedly contracted.
The Federal Reserve will cut borrowing costs by a half-percentage point more than forecast to prevent a recession. Fed Chairman Ben S. … (0 comments)
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rates: Fed May Not Avoid a Recession Even With More Rate Cuts - 01/05/08 11:56 AM
Bill Gross, manager of the world's biggest bond fund, said the Federal Reserve may not be able to avoid a recession even if central bank policy makers lower borrowing costs by at least another percentage point.
Wow! Scary News for sure!
Hiring in the U.S. slowed more than forecast in December and … (4 comments)
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rates: Treasuries Gain After New Home Sales Decline to a 12-Year Low - 12/28/07 11:36 PM
Treasuries rose the most in more than two weeks and headed for the best annual returns since 2002 after a government report showed sales of new homes in the U.S. declined to a 12-year low last month. Ten-year note yields fell to the lowest level in a week after the Commerce … (5 comments)
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rates: Treasuries Gain After New Home Sales Fall to a 12-Year Low - 12/28/07 10:02 AM
Treasuries rose the most in more than two weeks and headed for the best year since 2002 after a government report showed sales of new homes in the U.S. declined to a 12-year low last month.
Ten-year note yields fell to the lowest level in a week as the housing … (1 comments)
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rates: Weekend Surge Fails to Salvage U.S. Holiday Sales - 12/26/07 10:25 AM
Last-minute purchases over the pre- Christmas weekend failed to salvage what may be the slowest- growing holiday spending season in five years.
Sales at stores open more than 12 months rose 2.8 percent last week...Retailers began cutting prices today to clear out merchandise left over from the weekend spending surge
Macy's … (0 comments)
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rates: Treasuries Fall as Rising U.S. Stocks Reduce Appeal of Debt - 12/24/07 09:57 AM
Treasury notes fell as U.S. stock indexes gained, reducing investor interest in the safety of government debt.
Equities rose as Merrill Lynch & Co. sold most of its commercial finance business to General Electric Co. Treasuries are poised for their best year since 2002 on expectations the Federal Reserve will keep … (0 comments)
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rates: Fed endorses rules to curb shady lending - 12/19/07 01:14 PM
The Fed, which has regulatory powers over the nation's banking system, is proposing:
Restricting lenders from penalizing certain subprime borrowers - those with tarnished credit or low incomes - who pay off their loans early. The restriction would apply to loans that meet certain conditions, including that the penalty expire at least … (0 comments)
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rates: Treasuries Rise on Concern Financial Market Turmoil to Persist - 12/19/07 08:49 AM
U.S. 10-year Treasuries gained a third day on speculation central banks will fail to restore confidence to financial markets and keep economic growth from slowing.
Government debt also rose as Morgan Stanley, the second- biggest U.S. securities firm, reported a fourth-quarter loss after a $9.4 billion writedown on mortgage-related investments. The … (0 comments)
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rates: Treasuries Rise Most in Three Years as Fed Rate Cuts Disappoint - 12/11/07 03:36 PM
Treasuries rose the most in more than three years on concern that the Federal Reserve's quarter- point reductions in borrowing costs won't be enough to avoid the risk of recession. The rally pushed yields on two-year notes, more sensitive to expectations of further rate cuts than longer-maturity debt, back below 3 … (2 comments)
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rates: Treasuries Rise as Fed Policy Makers Say U.S. Economy Slowing - 12/03/07 03:44 PM
Treasuries rose as Federal Reserve policy makers said the economy is slowing, increasing speculation that the central bank will cut borrowing costs a half-percentage point next week. The rally pushed two-year note yields to within 3 basis points of the lowest level since 2004 as short-term lending rates increased for a … (2 comments)
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rates: U.S. Notes Post Best Monthly Gains Since 1995 on Credit Losses - 12/01/07 11:02 AM
Treasuries had their best month in 12 years as concern over banks' willingness to lend drove investors to seek refuge in the relative safety of U.S. government debt. An index of Treasury securities returned 3.2 percent in November, the highest since 1995, as the rate banks charge each other for borrowing … (1 comments)
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rates: Treasuries Fall After Bernanke Says Fed Will Act to Avoid a Recession - 11/30/07 10:53 AM
Treasuries fell and bill yields rose as Federal Reserve Chairman Ben S. Bernanke indicated the central bank will do whatever it takes to keep the economy out of a recession. Yields on three-month bills increased the most in more than two weeks on reduced demand for the safety of short-term government … (0 comments)
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rates: Treasuries Fall With Investment in Citigroup - 11/27/07 10:17 AM
Treasuries fell as Abu Dhabi agreed to invest $7.5 billion in Citigroup Inc., boosting stocks and easing demand for the relative safety of government debt. Investors sold bonds as traders speculated that the cash infusion will help the biggest U.S. bank by assets replenish capital after writedowns related to subprime mortgage … (0 comments)
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rates: GMAC Stated Income Changes... - 11/27/07 10:07 AM
It's STILL getting a bit tougher to get some of those loans done!
Just announced this morning...
Summary:Homecomings Financial announces changes to Stated Income documentation types and the Payment Option program. These changes will be effective on December 3, 2007.All Programs
Stated Income and Stated Income/Stated Asset documentation types are only permitted for … (0 comments)
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rates: Ten-Year Yield Falls Below 4% - 11/21/07 09:03 AM
Well we should all be in the 5's NOW!!
Treasuries surged, sending 10-year note yields below 4 percent for the first time in more than two years!!
Bonds rose as U.S. stocks fell and oil rose to within 71 cents of $100 a barrel. The spread, or difference in yield, between two- and 10-year notes … (2 comments)
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rates: Dont forget the 2 day workweek!! - 11/19/07 09:15 PM
What little economic news we'll have during this Thanksgiving Holiday shortened week takes place this Tuesday and Wednesday...and the market is scheduled to close early on Wednesday and Friday with a full-day close on Thursday.
The most interesting news of note for the coming week will be the latest housing data, coming … (1 comments)
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rates: Recession Threat Means More Cuts! - 11/19/07 09:52 AM
The headline in the financial futures market these days says Federal Reserve Chairman Ben S. Bernanke is withholding some vital information: The economy is so bad the central bank will have to lower interest rates at least three-quarters of a percentage point to avoid a recession. Bernanke's two rate cuts since … (0 comments)
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rates: Treasuries Rise This Morning on New Home Construction and Deepening Subprime Losses - 11/19/07 09:48 AM
Treasuries rose as a Goldman Sachs Group Inc. analyst said Citigroup Inc. may incur an additional writedown of $4 billion, suggesting that losses related to delinquent subprime mortgages will deepen. U.S., European and Asian equities retreated on increased concern that a slumping housing market will slow the global economy. A report … (1 comments)
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rates: Treasuries Little Changed as Fed Say Rate Cuts Are Less Likely - 11/16/07 09:38 AM
Treasuries were little changed as Federal Reserve officials suggested that the central bank won't be as quick to reduce borrowing costs as traders anticipated. Yields rose earlier from the lowest since 2005 after Fed Governor Randall Kroszner said an economic ``rough patch'' in coming months won't be enough to warrant additional … (0 comments)
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rates: Treasuries Fall as Boost in Retail Sales Eases Growth Concern - 11/14/07 08:50 AM
Treasuries fell after a government report showed U.S. retail sales rose last month more than economists forecast, suggesting that the U.S. economy is weathering the worst housing slump in 16 years. The data encouraged traders to reduce bets that the Federal Reserve will cut borrowing costs for a third time this … (1 comments)
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rates: Treasuries Fall as U.S. Stocks Rise - 11/13/07 08:51 AM
Treasuries fell for the first time in a week as an increase in U.S. stocks reduced demand for the safety of government debt. Stocks are up, which is strange since stocks started the day Friday being down 200 points?! Yields of two-year notes, which had benefited as investors sought shorter-term securities, … (1 comments)
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rates: Treasuries Rise as Bernanke Says Growth to Slow - 11/08/07 10:14 AM
Treasuries rose as Federal Reserve Chairman Ben S. Bernanke told Congress he expects economic growth to ``slow noticeably'' this quarter. The difference in yields between two- and 10-year notes increased to the widest since March 2005. The bets are that the Fed will cut borrowing costs at its meeting next month. … (2 comments)
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rates: Banks Face $100 Billion of Writedowns on Level 3 Rule - 11/07/07 11:23 AM
Under FASB terminology, Level 1 means mark-to-market, where an asset's worth is based on a real price. Level 2 is mark-to- model, an estimate based on observable inputs and used when there aren't any quoted prices available. Level 3 values are based on ``unobservable'' inputs reflecting companies' ``own assumptions'' about the … (1 comments)
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rates: Forecast for the Week - 11/07/07 08:13 AM
Have you ever flipped through all your TV channels to find nothing on? Well, that's how market traders will likely feel this week as they flip around for some economic news releases. But the news calendar takes a well deserved rest next week with mostly lower to mid-level reports scheduled. That … (1 comments)
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rates: Subprime Contagion May Claim 10-Year Treasuries Next - 11/05/07 08:24 AM
The U.S. housing slowdown that propelled 10-year Treasuries to their biggest gains since 2002 may soon make the same securities laggards in the government bond market. The notes returned 9.6 percent since mid-June as investors sought a haven from credit market losses caused by subprime mortgages.
Sales of bonds backed by housing … (0 comments)
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rates: Treasuries Rise as Bank Losses are Greater than Growth in Employment - 11/04/07 08:34 AM
Treasuries rose, pushing two-year note yields to the lowest since 2005, as investors bet that bank losses on mortgage loans will slow the economy.
Shares of financial- services companies including Merrill Lynch & Co. fell to a two- year low as analysts predicted the housing slump will cause banks to lose … (0 comments)
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rates: U.S. Employment Slowed in October as Housing Slumped - 11/02/07 08:37 AM
Employment in the U.S. slowed in October as a worsening housing slump led to firings at homebuilders, manufacturers and mortgage lenders, economists said before a report today.
Wage gains may slow as employment weakens, increasing the burden on consumers already saddled with rising fuel costs and declining home values. The Federal … (2 comments)
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rates: Treasuries Rise on Speculation Credit Market Losses May Deepen - 11/01/07 10:20 AM
Treasuries rose as investors sought the safety of government debt after stocks tumbled and equity analysts cut the ratings of Citigroup Inc. and Bank of America Corp. on renewed concern over credit market losses. The gains in the two-year notes more than erased yesterday's decline triggered by the Federal Reserve's indication … (2 comments)
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rates: Treasuries Little Changed as Consumer Confidence Decreases - 10/30/07 09:43 AM
Treasuries were little changed after a private report showed consumer confidence fell more than forecast in October.
The Conference Board's index of confidence declined to 95.6, the lowest since October 2005, from a revised 99.5 the prior month. The index averaged 105.9 last year.
It looks like we are in for a weak … (2 comments)
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rates: The FED says a TREAT should do the TRICK this Halloween! - 10/29/07 12:00 PM
They say to be careful what you wish for...and with Halloween just around the corner, kids aren't the only ones wishing for a "treat". This Wednesday, October 31st, The Fed will decide if the financial markets will get a treat of their own with another cut to the Fed Funds Rate. … (2 comments)
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rates: Sub-Prime lender ResMAE Mortgage is back - 10/29/07 09:12 AM
Sub-Prime is making it's way back...but is a little stricter and the rates are definately higher!
Here is the information we discussed. Our focus is the sub-prime market; here is a sample of what we can do.
Loans to 1.25 million to 80% LTV (min. 620 score, full doc) Loans to 1 million … (2 comments)
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rates: Treasuries Rise on Evidence Credit Losses Threatening Economy - 10/18/07 10:02 AM
Treasuries rose, pushing two-year note yields toward their biggest weekly drop since September 2005, as concern increased that credit market losses are threatening the broader economy. Two-year note yields fell for a fourth straight day after a 32 percent decline in profit at Bank of America Corp. triggered concern that the … (1 comments)
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rates: Forecast for the Week... - 10/16/07 11:33 AM
So could this week's slate of economic reports hold enough information for Bonds to decide they've had enough of the 200-day Moving Average - and cause home loan rates to make a move? The upcoming calendar features reports on Manufacturing, Housing, and Consumer Inflation...so it could get juicy, depending on the … (1 comments)
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rates: Treasuries Rise as Global Stocks Fall on Concern Over Housing - 10/16/07 11:31 AM
Treasuries rose as renewed concern that the U.S. housing slump will reduce corporate earnings spurred a drop in global stocks. Two-year note yields fell the most in four weeks as traders increased bets that the Federal Reserve will cut borrowing costs this month. Fed Chairman Ben S. Bernanke said yesterday that … (1 comments)
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rates: How The U.S. Prime Rate Works - 10/09/07 05:31 PM
Don't you hate it when borrowers call you and say "Hey, I heard that the FED cut the rates...I want 6% instead of my 6.50% now!!
How PRIME works....
If you are shopping for a new credit card, education loan, a car loan or a specific type of second mortgage called a home … (4 comments)
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rates: FDIC Says Make Teaser Rates Permanent - 10/09/07 09:21 AM
Some institutions are starting to be more proactive in modifying loans, FDIC's chairman said at an investor conference last week, according to a transcript of her presentation. She called for servicers to make teaser start rates permanent for owner-occupied borrowers with current mortgages, adding that these hybrid loans were designed as … (5 comments)
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rates: Housing Will Fixate Fed for Years! - 10/01/07 04:36 PM
Bill Gross, manager of the world's biggest bond fund, said falling home prices will be the main driver of U.S. monetary policy for ``several years,'' and repeated his forecast the Federal Reserve will lower the federal funds rate to at least 3.75 percent in the coming 12 months. The Fed may … (0 comments)
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rates: Recession Concern Spurs U.S. Bond Rally on Fed Ease - 10/01/07 04:33 PM
For the first time since 1995, the U.S. bond market will rally on the assumption that the Federal Reserve has relegated inflation to a secondary concern because the central bank views a recession as a much greater threat to the economy. The bellwether 10-year Treasury note, which depreciated as its yield … (0 comments)
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rates: October's 1st week in review.. - 10/01/07 02:22 PM
The Bond market and home loan rates were fairly tame for the bulk of the week, but had picked up a little steam on Thursday following the US Treasury's auction of $13 billion in five-year notes that afternoon. The Treasury auction showed strong foreign demand and heavy buying by large institutional … (0 comments)
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rates: Treasury 10-Year Note Falls the Most in Six Weeks on Inflation - 09/19/07 10:26 AM
Treasury 10-year notes fell the most in six weeks as investors speculated inflation will accelerate after the Federal Reserve cut interest rates by a half-percentage point. The difference between two- and 10-year Treasury yields rose to 55 basis points, the widest spread in four weeks. The Fed yesterday reduced its target … (4 comments)
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rates: Markets Await Ben's Cutting Remarks - 09/17/07 12:57 PM
The economic calendar thickens up considerably this week, giving a read on manufacturing, inflation and housing...but many of these reports will take a back seat to the Fed's Policy Statement and Interest Rate Decision, to be released on Tuesday afternoon. Traders are forecasting a 100% chance of a Fed rate cut. … (5 comments)
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rates: Treasuries Rise on August Retail Sales - 09/14/07 09:22 AM
Treasuries rose as a government report showed sales at U.S. retailers increased last month less than economists forecast and a British mortgage lender got a bailout from the Bank of England. Traders raised bets that the Federal Reserve will cut borrowing costs half a percentage point to limit the economic impact … (0 comments)
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rates: Forcast for the week...Rates are FALLING! :-) - 09/10/07 01:30 PM
Will all the back to school buying that happened last month help boost this week's read on August Retail Sales? It's the biggest economic report coming this week, due to be delivered on Friday morning. It will be interesting to see if the turmoil in the financial markets during August had … (1 comments)
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rates: The Credit Crisis and What it Means to You - 08/25/07 03:21 PM
Barry Bonds may have broken the all-time home-run record recently, but you wouldn't know it by looking at the headlines. The only "Bonds" the media seems interested in are mortgage bonds - specifically mortgage-backed securities. To date, subprime mortgages have been credited for bankrupting well over 110 lenders and seriously damaging … (3 comments)
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rates: The Federal Reserve Takes Action: What It Means to You... - 08/21/07 05:43 PM
Fed Discount Window Cut:How it affects your clients and your business
The Federal Reserve has taken significant action in the last few weeks due to the credit crunch. And now they've made an unexpected move by cutting the discount window rate - which is great news. I'll get to that in a … (0 comments)
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rates: Attention agents! We provide a safe haven for your buyers! - 08/20/07 05:28 PM
We continue to use sources of funds that are stableand have a history of solid performance. We are staying in tune withthe market, and can provide a safe haven for those borrowers affected byrecent company closures. Please call me if you would like moreinformation on where this whole thing is headed, … (0 comments)
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rates: Capital One Closes Wholesale Mortgage Unit--GreenPoint has been forced to close - 08/20/07 05:20 PM
Capital One Financial Corporation (NYSE: COF - News) today announced that it will cease residential mortgage origination operations at its wholesale mortgage banking unit, GreenPoint Mortgage, effective immediately. Current conditions in the secondary mortgage markets create significant near-term profitability challenges, given the company's "originate and sell" business model. Further, recent and … (1 comments)
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rates: Fed Play Catch-Up on Rate Outlook - 08/20/07 02:01 PM
Economists at Wall Street's biggest bond trading firms are rushing to change their interest-rate forecasts after the futures market more accurately predicted the Federal Reserve's surprise rate cut.
Most primary dealers of U.S. government securities that trade with the Fed now expect the central bank to lower its target rate for … (0 comments)
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rates: Bernanke's `Rookie Mistake' Forces Fed to Shift Focus - 08/20/07 01:58 PM
Federal Reserve policy makers, who declared that inflation was their paramount challenge just two weeks ago, have been forced to make financial-market stability the trigger for changes in interest rates. By lowering the discount rate and issuing a statement conceding threats to the economy, Federal Open Market Committee members effectively ripped … (3 comments)
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rates: Two-Year Yields Up From Near 4-Month Low - 07/31/07 12:44 PM
Rates are going back up again!
What a roller-coaster ride this has been!
Treasury two-year note yields rose from near a four-month low as a rebound in corporate bonds and stocks sapped demand for the safety of government debt.
A boost in demand for higher-risk assets combined with two- year yields near the … (1 comments)
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rates: Treasury Yields Fall Most in Five Months - 07/26/07 11:45 AM
I STILL say that the 5's are coming!!!.....
I'm at 6.125 today and still falling!!!
:-)
Treasuries rose as two-year note yields fell the most in five months after global stock markets declined and investors retreated from riskier assets.
The difference between yields on two-year notes and 10-year securities widened to the most since … (0 comments)
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rates: Do Sub-Prime ARM's Cause Foreclosures? - 07/24/07 04:54 PM
The media has been reporting that part of the reason why the foreclosure rate is high is because there are millions of people that financed their homes with ARM's (Adjustable Rate Mortgage). These reports claim that people are loosing their home because of an upward adjustment to their interest rate. As … (5 comments)
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rates: Treasury 10-Year Yield Falls Below 5 Percent! - 07/20/07 12:52 PM
Just a little update...
Treasuries rose, pushing the 10-year note's yield to the lowest in six weeks, on speculation rising subprime mortgage defaults will lead to higher interest rates for private borrowers and curb economic growth.
Ten-year notes gained the most in more than a week and extended their biggest weekly advance … (10 comments)
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rates: Treasuries are rising this week.. - 07/18/07 10:33 AM
Finally....Some lower rates!!!
Treasuries rose as the Federal Reserve trimmed its forecast for U.S. economic growth this year and next on weaker-than-anticipated home building, while keeping its inflation projections unchanged.
Fed Chairman Ben S. Bernanke predicted in testimony before Congress that U.S. economic growth will pick up slightly next year and inflation … (2 comments)
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rates: Bernanke Reluctant to Risk Credibility With Inflation Forecast - 07/18/07 12:27 AM
Federal Reserve Chairman Ben S. Bernanke, praised for averting a recession and containing prices, seems reluctant to risk his credibility by predicting a significant further easing of inflation. Fed policy makers may reduce slightly their forecast for inflation this year after prices moderated last quarter, their outlook will probably be unchanged … (0 comments)
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rates: Treasuries Little Changed as Stocks Rise - 07/12/07 09:45 AM
Treasuries were little changed as stocks advanced, suggesting investors are becoming less averse to risky assets.
Treasuries advanced on July 10 the most since February as Standard & Poor's and Moody's Investors Service warned about the credit quality of subprime mortgages.
All of this up and down movement!...the market is rather unpredictable … (0 comments)
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rates: Rates are down a bit today! :-) - 06/29/07 10:08 AM
Treasuries rose after a government report showed the Federal Reserve's most closely watched measure of inflation slowed in May and consumer spending increased less than economists forecast. U.S. government securities erased losses that came yesterday after the Federal Reserve said in its statement that inflation remains its predominant concern. Bonds also … (0 comments)
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rates: THE FED MET TODAY....Rates Still Paused. - 06/28/07 05:23 PM
Treasuries fell after the Federal Reserve said inflation is still the greatest risk facing the economy while keeping the benchmark lending rate at 5.25 percent for an eighth consecutive meeting. Yields on two-year notes, more sensitive than longer- maturity debt to Fed rate changes, rose the most in two weeks as … (3 comments)
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rates: Are 150 year fixed mortgages on the way? - 06/23/07 11:29 AM
SOARING house prices, rising interest rates - how to get a foot on the property ladder when the cost is way beyond the traditional two-and-a-half-times-a-salary ceiling?
As society becomes ever more property-obsessed, home-ownership is now the number one priority for 18 - 24 year olds in the UK, with 12.2% of them … (3 comments)
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rates: U.S. Two-Year Notes Gain First Time Since April - 06/23/07 11:21 AM
Treasury two-year notes rose for the first time since April as investors sought refuge from possible hedge fund losses. Two-year yields fell more than 10-year yields this week, increasing the yield premium of the longer-term debt to the most since October 2005, as Bear Stearns Cos. offered to provide $3.2 billion … (0 comments)
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rates: Reverse-mortgage market zooms forward! - 06/22/07 11:30 AM
Reverse mortgages allow homeowners who are 62 and older to convert home equity into income, with the lender paying out via a lump sum, monthly payments or a credit line. When the house is sold, the lender is paid back with interest.
With a typical reverse mortgage, the homeowner never owes the … (7 comments)
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rates: Treasury Yield Curve Steepest Since 2005 - 06/22/07 10:21 AM
The difference in Treasury 10-year and two-year note yields widened to the most since October 2005 as investors sought a haven from hedge fund losses. Two-year notes were poised for their first weekly gain since April, while 10-year notes were down for a seventh week, widening the yield advantage of the … (1 comments)
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rates: Treasuries Rise as Investors Predict Slower U.S. Growth - 06/13/07 02:11 AM
Well it's about time!
Looks like we can all take a breather today...thank goodness after what happened to rates yesterday!!
U.S. Treasuries rebounded as some Asian investors said benchmark yields at a five-year high are attractive given the outlook for a slowdown in U.S. economic growth and inflation.
Consumer spending, which accounts for … (3 comments)
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rates: New HUD Income Limits for My Community Mortgages. - 06/13/07 02:05 AM
The National Association of REALTORS recently reported that nearly one half of all first time homebuyers financed 100% of the purchase price of their home.
Are you getting this business?
Are you using the My Community Program?
my 100% My Community Program.
DU Approved or Manual Underwriting w/ alternative Credit.
Loan Limit - $417,000.00
Income Limitations: $69,800 - … (11 comments)
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rates: U.S. Treasuries Decline as Investors Abandon Rate-Cut Forecasts - 06/11/07 10:20 AM
U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boosted their year-end estimate for the central … (2 comments)
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rates: U.S. Treasuries Decline as Investors Abandon Rate-Cut Forecasts - 06/11/07 10:19 AM
U.S. Treasuries fell, adding to five weeks of losses, as Federal Reserve Bank of Cleveland President Sandra Pianalto said inflation is ``uncomfortably high.'' Fourteen of the 21 primary dealers that underwrite the government's debt, including Merrill Lynch & Co. and Goldman Sachs Group Inc., boosted their year-end estimate for the central … (0 comments)
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