February 24th Market Update - 02/24/10 11:04 AM
Good Morning,
 
We will keep this one short and sweet.  Rates have creeped up slightly since last week.  As we have discussed the impending rate rise coming later this year, here is another article explaining what is occurring.
 
Rates: 30 year fixed at 5.00% and the 15 year at 4.375%.
 
Have a great week!
Matt

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February 17th Market Update - 02/17/10 10:48 AM
Good Morning  
 
Interest rates this week have held steady unlike my hands after a few mugs of coffee…not that my caffeine intake has anything to do with interest rates.
 
So, where is housing going in this climate?  According to Fortune, they feel that prices will continue to drop another 5% or so on the national level by weighing it against current rental pricing.  There is  definitely some justification to that historical analysis but I still come to the belief that this market is unlike anything else we have seen and although I would love to believe that we … (0 comments)

February 10th Market Update - 02/10/10 09:49 AM
Good Morning  
 
So, is a mixture of heat and ice the best battle plan for fighting ‘shoveler’s back’?  I survived the battle but several friends haven’t been as fortunate.
 
As we talked about briefly last week, rates are teetering back and forth in their minimal levels, the biggest change came this past Friday when the jobs report was released showing over 20,000 jobs lost in January, when expectations were for a gain in jobs by nearly the same margin. This news left the stock market reeling and helped mortgage backed securities just enough to squeak out 4.75% with … (0 comments)

February 3rd Market Update - 02/03/10 10:38 AM
Good Morning  
 
Interest rates seem to have a tenuous hold today as you will see the Fifteen year fixed is creeping up from last week. Although we won’t see a big change over the next month or two, the date is fast approaching when the Federal Bank’s $1.3 Trillion program to keep interest rates low will expire and not be renewed according to Ben Bernanke and crew.  Once this happens, rates will rise…although we don’t know whether that’s a 1% rise, a 2% rise or anywhere below or above, we will see a rising trend.
 
With all the … (0 comments)