ARCHIVED BLOG POSTS
2009
Finally some great news in the realestate market! It was announced today that HUD approved use of the $8000 tax credit for down payment assistance. The details are still coming out on this one, and I look forward to the impact this could have on the realestate market as a whole: DONOVAN ANNOUNCES...
05/29/2009
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Mortgage bond prices fell last week pushing mortgage interest rates considerably higher. Inflation fears dominated trading. Philadelphia Fed President Plosser warned, "The economy may be at greater risk of inflation than conventional wisdom indicates." A weaker US dollar, escalating oil prices, a...
05/26/2009
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Mortgage bond prices rose last week helping mortgage interest rates fall. Most of the gains came early in the week prior to the surprise inflation data. Weaker than expected retail sales data along with concern about the health of the banking industry helped mortgage bonds improve. Unfortunately ...
05/18/2009
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Great News! It was announced by Secretary of Housing and Development Shaun Donovan at the National Association of Realtors that the Federal Housing Authority wants to enable first time homebuyers access to the $8000 tax credit at closing. This would allow for these monies to be used toward down p...
05/14/2009
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Looks like this will be the year of the First Time Homebuyer! The interest rates for Connecticut's leading home purchase program just dropped to 4.875%. This is the lowest rate offered for a first time homebuyer in years, and coupled with low home values there has never been an opportunity to ...
05/14/2009
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Market CommentMortgage bond prices remained unchanged for the week keeping mortgage interest rates steady. Trading remained volatile with rates improving the first portion of week. However, some of the data came in surprisingly better than expected Thursday and Friday which caused mortgage bond p...
05/11/2009
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Mortgage bond prices fell last week applying upward pressure on mortgage interest rates. Trading remained extremely volatile with daily swings of 3/8's in discount points a common occurrence. The economic data released was mixed with no clear indication of the direction of the US economy. The Fed...
05/02/2009
Rainmaker
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