Oct 28 Market Update - 10/28/09 11:23 AM
Good Morning,
 
I’m happy to say that I’m feeling much better than last week and dare say I’m 100% back to health.  You’ll see rates have held steady again this past week so on to other news.
 
It appears that the Senate will be approving the first time homebuyer tax credit extension.  They were unable to finish the vote yesterday so details are still to be decided and finalized as far as any changes and dates for the new extension but anything short of a vote to deny sparks a good sign for it’s passage going forward. We should … (0 comments)

October 21st Market Update - 10/21/09 11:35 AM
Good Morning,
 
With rates unchanged and me sitting at home with a sinus infection, I’ll keep this one short and sweet.  Rates are below and we’re hoping they will hold here for the coming week.
 
 
Have a good week.
 
-Matt
 
 
30 year fixed: 4.875%
15 year fixed: 4.375%

… (2 comments)

October 14th Market Update - 10/14/09 01:10 PM
Good Afternoon,
 
As expected, rates bounced back up quickly after matching near record lows last week.  A lot of this has to do with investors taking their gains and moving money elsewhere from Mortgage Backed Securities. The Earnings reports released from Intel and JPMorgan Chase also led to a boost in the stock market this morning.  This tends to be negative for MBS and interest rates in general.
 
No new word on the homebuyer tax credit although there are still talks of it being raised to $15,000 and applying to all homebuyers who plan on residing in the home … (0 comments)

TWINS WIN game 163!!! Oh, and this weeks market update... - 10/07/09 11:11 AM
Good Morning!
 
We have been fortunate to see rates drop even lower than last week.  This was mainly due to last Thursday’s jobs report being released with higher than expected numbers. Mortgage backed securities are now backing off the gains for the first time in a few days which means we should see rates move back up going into the end of the week.  One interesting thing to note (well interesting to me anyway); this marks the second time this year we have seen rates this low going back to May as the previous time we watched this level hit.  … (0 comments)