The final Market Update of 2010 - 12/29/10 12:35 PM
Good Morning,
 
I hope everyone had a good Christmas and are continuing to enjoy the holiday season for all celebrations and walks of life.
 
We had an interesting first Christmas with Elle, the poor girl caught croup (a very deep coughing cold) late Christmas Eve leaving us home for the holidays to care for our girl.  We’ll be catching up with family this weekend and she’s feeling better so that’s the only item of any real importance to us, a healthy little one.
 
Interest rates crept back up to the 5% level and are looking like they … (0 comments)

December 22nd Market Update - 12/22/10 01:12 PM
Happy Holidays!!!  Be safe and thankful for everything that went well in 2010.
 
 
Thanks
Matt
 
 
Rates: 30 year fixed at 4.875% and the 15 year at 4.25%, FHA: 4.75%: As always rates change with individual credit scenarios and programs, with credit in the mid 700s and a 20% down payment these rates are what you should be seeing
 
 
Matt
 
Matt Royer
Mortgage Consultant, CMC | Homes Mortgage
NMLS# 366970

… (0 comments)

December 15th Market Update: Round and Round and Round we go. - 12/15/10 11:22 AM
Good Morning,
 
We are continuing the trend of slowly rising interest rates since November 23rd.  There really hasn’t been too much changing or financial drama going on over the past week and that is one of the main reasons this pattern is continuing.
 
So, this got me thinking: We’ve had ridiculously low rates for so long I decided to take a look back and see where interest rates were at this time last year, and then two years ago.  Last year on December 16th our 30 year fixed rate was exactly the same as we have now at 5% … (0 comments)

December 8th Market Update: Are the best rates behind us? - 12/08/10 12:15 PM
Good Morning,
 
It has been a bad couple of days for Mortgage Backed Securities and this trend is continuing to drive rates higher.  Still, with interest rates hovering on the bubble of 5%, there is no reason to complain, rates this low are still great to have around considering that at one point in 2007, predictions were for interest rates to rise back above 6%...so we are still in a much better position that anyone really anticipated at we move into 2011.
 
A lot of the current market movement was in response to the tax cut proposal that the … (0 comments)

Post Thanksgiving Market Update....so sleepy. - 12/01/10 11:40 AM
Good Morning!
 
I hope everyone had a good holiday, our first Thanksgiving with our four month old went off without a hitch.  We hosted as we have the past few years and let everyone bring the food to us as long as we provide the turkey.  So far so good.
 
Rates rebounded for the better late last week into yesterday but have lost all of those gains this morning.  A lot of this comes from overseas economic news with China and the European Central Bank echoing optimism for the global economy.  Even though we are seeing interest rates … (1 comments)