Mortgage Rates and What May Move Them This Week: August 30, 2010 - 08/30/10 05:54 PM
 
 Last week spent most of the week FIRMLY in positive territory only to see most of the weeks gains washed away by a sell off on Friday. By time the dust settled at the end of the week Fannies managed to hold onto meager gains of 6/32nds.
This week begins a new month and with a new month comes some fresh data. To further confuse things this fresh data comes ahead of a holiday weekend.  Here is this week's calendar:
MondayAugust 30: July personal income expected +0.3% Spending +0.3% and PCE+0.1%. The true numbers ended up with Income +0.2% spending … (7 comments)

Mortgage Rates & What May Move Them This Week: August 23, 2010 - 08/23/10 03:04 PM
 
 Over all Rates have stayed near all time lows and we can still lock in a 30yr fixed in the LOW 4's with no points for highly qualified buyers. The market did lose 7/32nds last week and if you take a peek at Freddie's weekly report, that was enough to see a noticeable pop on that weekly average, yet we are still at crazy low levels with affordable prices to match!
This week has a laundry list of info and auctions for the market to digest:
Monday August 23rd: Auction $1 of the week with the Treasury selling $7 Billion … (8 comments)

Mortgage Rates and What May Move Them This Week: August 16, 2010 - 08/16/10 04:24 PM
 
Well I am back from vacation, Sorry I missed last week's post, but occasionally I need a break to maintain a little Sanity!
 Last week bounced with a few big swings but ended up being darn close to even as the dust settled on Friday afternoon with Fannies only losing 2/32nds at the end of the week.  What does that mean? Well It truly means we are currently offering the LOWEST RATES EVER! I cant even say "mid 4's" any more. Many of our clients are locking in to rates in the Low 4's and on 15 years we have … (4 comments)

Mortgage Rates and What May Move Them This Week: August 2, 2010 - 08/02/10 05:36 PM
 
Last week was a good one for interest rates with Fannies gaining 20/32nds by the end of the week over all the excess supply in the form of the auctions went well and was absorbed and there was enough mixed signals in the economy to keep stocks week and the credit markets strong.  We are still Solidly in the mid 4's on a 30 year fixed for well qualified buyers.. What a great opportunity to buy if you are in the market for a new home! This week starts off with a brand new list of Economic data as we … (4 comments)

 
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Robert Rauf

Toms River, NJ

More about me…

REMN - Real Estate Mortgage Network (NJ)

Address: 16 Madison Ave, Building 2 Suite 2D, Toms River, NJ , 08753

Office Phone: (732) 557-6920 x 102

Cell Phone: (732) 740-0175

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The mortgage market is ever changing, do not be afraid to ask what is new!


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