florida mortgage rates: Mortgage Rate Forecast - August 9, 2010 - 08/09/10 02:18 AM
Good Monday morning to all and I trust you had a wonderful weekend.  What a week we had last week and even with all of the data flowing, mortgage backed securities moved exactly as was predicted here, ending the week at new record highs, sending mortgage rates to new record lows.  Remember that you heard it here that mortgage rates would push lower still last week.  So where will mortgage rates go this week?
First, let’s recap some of what happened last week.  We started off the week with continued good news for the economy as the ISM Manufacturing Index followed … (2 comments)

florida mortgage rates: Mortgage Rate Forecast - August 2, 2010 - 08/02/10 05:15 AM
Last week was fairly boring, though it did get interesting towards the end.  One thing that never seems to amaze me is the two-faced types out there, even among the “gurus”, when it comes to forecasting mortgage rates.  I mean, look at how many (especially those that simply regurgitate what the rate alert services say) said to lock your rates the week prior, then come back and say floating sometimes pay off.  Well, it paid off really well if you had been following my advice and had not locked when they were saying to lock.  Even today, I am hesitant to … (1 comments)

florida mortgage rates: Mortgage Rate Forecast - July 26, 2010 - 07/26/10 03:48 AM
It’s that time of week again, where we take a quick look back at what happened last week in the mortgage backed securities market and what lies ahead.  Last week’s report was omitted due to scheduling conflicts, which happens every now and then, but which will hopefully get ruled out in the near future.  Nevertheless, the week was full of false alerts, or at least premature at best, and proves the need to listen to the right people and different perspectives, especially if you don’t understand what is going on.
Looking back over the last week, there was hardly any data … (0 comments)

florida mortgage rates: Mortgage Rate Forecast - July 6, 2010 - 07/06/10 03:34 AM
Good morning and as I stated in yesterday’s radio program, I have delayed this week’s report until today since the markets were closed yesterday and I wanted to give you a better view of what lies ahead.  Of course, flying in from Rio de Janeiro yesterday early morning certainly doesn’t keep one motivated from doing anything but sleep when there is no money-making business to be done.
Once again, let’s review the highlights from last week, though I will not dwell as much as I did on the show.  Last week we saw that the economy remains in recovery mode, though … (3 comments)

florida mortgage rates: Mortgage Rate Forecast - June 28, 2010 - 06/28/10 02:49 AM
Bom dia!  Estou ainda em Rio de Janeiro, Brasil.  Well, last night the airplane had a part that needed to be replaced and they could not get it to the airport in time before we “timed out” for our flight home.  As a result, I have an extra day in Rio, which is not as good a deal as you might think.  Nevertheless, I get to do this report on time but I had to delay the radio show until tomorrow, so join me tomorrow at 11:00 for this week’s Mortgage Market Weekly.
Last week was a bit of a surprise … (2 comments)

florida mortgage rates: Is the Air Being Let Out of the “Mortgage Rate Bubble”? - 05/31/09 01:00 PM
To begin with, let’s analyze what has been happening to mortgage rates since my last post on the subject, just below and dated May 22, 2009. Since then, mortgage backed securities have plummeted after breaking below their recent trading range on May 23. While they have made back some ground, their virtual freefall has changed the overall outlook for mortgage rates, and may very well signal the beginning of climbing mortgage rates. The question in my mind these days is how high will they go and just how fast. Taking a look at the charts below will show just how fast … (5 comments)

florida mortgage rates: Will the Federal Reserve Pay You to Borrow Money? - 04/28/09 11:05 PM
As strange as that sounds, many moons ago I mentioned that the Fed, led by Ben Bernanke, would love nothing more than to pay people to borrow money and a study released yesterday proves I was right. The fact is that Big Ben wants inflation so bad that he would be willing to pay others to borrow money if he could actually do that.
The study that was released yesterday morning stated that the Federal Open Market Committee (FOMC) was presented with the suggestion that the optimal interest rate would be –5%. That’s right, supposedly the best interest rate would be … (6 comments)

florida mortgage rates: When Lethargic Rabbits Start Running - 01/06/09 01:40 PM
Lately, my posts have become more about the warnings of government actions and their longer term effects on mortgage rates.  Ultimately, I have been talking about increased inflation, the mortgage rate bubble, and mortgage rates breaking into double digits, all of which could very well happen in the not-so-distant future as a result of Paulson and Bernanke's actions, along with continued "economic stimulus" packages.
Many have questioned why I am talking about rampant inflation when the chief concern right now is deflation?  I have eluded to the answers in my posts, however I have not been able to come up with … (3 comments)

florida mortgage rates: Mortgage Rates Continue to Climb, Reach Double Digits - 01/01/09 08:43 AM
Once again, I am publishing a headline that has not yet happened, but very well may be seen in the not-so-distant future. While we are currently experiencing some of the lowest mortgage rates in history, and may even see lower if the government gets their way, do not expect them to remain low for very long. In fact, low rates may be a thing of the past in 2009.
You may have already heard me talk about the “mortgage rate bubble”, a term I coined a while ago. Much of the reason for the bubble will be the fact the Fed … (4 comments)

florida mortgage rates: Mortgage Rates: Where Are They Headed? - 12/09/08 04:01 AM
I am glad to see that there are many more mortgage professionals taking a step out there and providing mortgage market commentary.  While many are simply rehashing what they receive in scripts emailed to them, some have managed to truly demonstrate expertise and provide their own insights, something I have been doing for over two years now, though I bet most of you didn't know that because it was designed as a service for my clients, not other real estate and mortgage professionals.
Not to toot my own horn, but I think that a large part of the reason there are … (0 comments)