rates: Rate Lock Advisory 05/14/2008 1:14pm CST - 05/14/08 06:15 AM
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rates: Rate Lock Advisory 05/05/2008 1:08pm CST - 05/05/08 06:09 AM
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rates: FED minutes later today, rates improved slightly this morning. - 04/08/08 05:06 AM
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rates: Rates forcast - 04/07/08 03:50 AM
This week brings us the release of only two relevant economic reports in addition to the minutes from the last FOMC meeting and a Treasury auction. Both of the relevant reports are scheduled for release late in the week, so the most movement in rates may come the latter part of the week. There is nothing of relevance on tap for tomorrow. There is no relevant news scheduled until Tuesday afternoon when the FOMC minutes will be released. Market participants are interested in how divided the Fed is towards rate cuts and possible future moves. The minutes give us insight to … (1 comments)

rates: Rates down yesterday. Hope for more on Friday. - 04/04/08 12:47 AM
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rates: Over all a losing week for rates. - 03/19/08 11:43 AM
Mortgage interest rates increased during the week ended March 13, in some cases more than wiping out the substantial declines reported for the week ended March 6.
According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) had an average rate of 6.13 percent, an increase of 10 basis points from the previous week during which the average had dropped 21 basis points. Fees and points last week were unchanged at 0.5.
The 15-year FRM which had dropped from 5.72 percent to 5.47 percent the week before was back up to an average of 5.60 percent in the current week. … (0 comments)

rates: Tuesday Afternoon Update - 03/18/08 04:32 PM
TUESDAY AFTERNOON UPDATE: Today's FOMC meeting adjourned with an announcement of a three-quarter of a percent cut to key short-term interest rates. This led to a significant stock rally with the Dow up 420 points and the Nasdaq up 91 points. The bond market is currently down 42/32, which will likely lead to upward revisions in mortgage rates of approximately .250 of a discount point.The stock rally hurt bonds by investors shifting funds from bonds into stocks. Also contributing to this afternoon's selling was the post-meeting statement that indicated the Fed was concerned about inflationary pressures within the economy. Investors took … (0 comments)

rates: Anybody's call today. Rates haven't really responded to aquisition & DOW. - 03/17/08 04:31 AM
Monday's bond market has opened in positive territory following weaker than expected economic news and EARLY stock losses. The stock markets are posting losses after news of the Bear Stearns bailout raised concerns about the stability of the U.S. banking system. Also contributing was news of the Fed's rare Sunday evening move where they lowered the Discount Rate by a quarter-point despite this week's FOMC meeting. The discount rate is the rate that the Fed charges banks for loans and is considered less important than the benchmark Federal Funds rate that will be addressed at tomorrow's FOMC meeting.It has been an … (1 comments)

rates: Rates mixed in last weeks reports - 03/13/08 03:18 PM
Mortgage interest rates made substantial moves during the week ended March 6 and 7, but according to surveys conducted by Freddie Mac and by the Mortgage Bankers Association (MBA) they made the moves in opposite directions. There are frequently differences in the trends revealed in the two surveys which have different sized data bases (MBA is larger) and collect information from different if overlapping participants (Freddie Mac's survey is limited to conforming mortgages), but seldom is the disparity as stark as it was this week.
Freddie's Primary Mortgage Market Survey reported that the 30-year fixed-rate mortgage (FRM) dropped from 6.24 during the … (1 comments)

rates: Liquidity, a step in the right direction. - 03/11/08 05:33 AM
Tuesday's bond market has opened well in negative territory following sharp gains in the stock markets. Stocks are doing very well this morning following an unusual move by the Fed to add liquidity to the markets. The results are stock rally and bond selling. The Dow is currently up over 200 points while the Nasdaq has gained 35 points. The bond market is currently down 28/32, but we will still see an improvement in this morning's mortgage rates as a result of strength late yesterday and optimism in the Mortgage Backed Securities (MBS) market.The only piece of economic news released today … (0 comments)

rates: Rates - 03/09/08 10:42 AM
The 30-year fixed-rate mortgage (FRM) climbed 20 basis points from the average 6.04 rate a week earlier although fees and points declined from 0.6 to 0.5. One year ago the 30-year FRM averaged 6.18 percent.
The average contract interest rate of the 15-year FRM was 5.72 percent with 0.5 point, up from the week before when it averaged 5.65 with 0.5 point. During the same week one year ago the average rate was 5.92 percent.Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.43 percent with an average 0.4 point. The previous week it averaged 5.37 percent with 0.5 point and during the same … (0 comments)

rates: Not in My Market... - 03/07/08 01:52 AM
The Federal Reserve on Thursday announced that, in 2007, American ownership in their homes as measured by equity fell below 50 percent for the first time since records were first kept in 1945.
During the 2nd quarter of 2007 the central bank reported that homeowners' equity slipped to a downwardly revised 49.6 percent and slipped further to 47.9 percent in the fourth quarter. This was the third straight quarter that equity was under 50 percent.
Home equity is a measure of the market value of the home minus the mortgage-related debt. Because Americans have repeatedly cashed out the equity in their homes through … (0 comments)

rates: Rates bump twice since this morning - 03/05/08 09:08 AM
Wednesday's bond market opened in positive territory but has since fallen into negative ground as stocks gain strength. The stock markets are rallying after one of today's pieces of data showed stronger than expected results. The Dow is currently up 104 points while the Nasdaq has gained 21 points. The bond market is currently down 6/32, which with yesterday's late losses will push this morning's mortgage rates higher by approximately .250 - .375 of a discount point.The revised Productivity index for the 4th Quarter of last year was released early this morning, showing a 1.9% annual pace. This was a slight … (0 comments)

rates: economic indicators for potential rate move - 03/04/08 03:18 AM
Tuesday's bond market has opened relatively flat with no relevant economic news scheduled for release today. The stock markets showing losses with the Dow down 150 points and Nasdaq down 26 points. The bond market is currently up 4/32, but we will likely still see an increase in this morning's mortgage rates of approximately .250 of a discount point due to weakness late yesterday.With no relevant economic news being posted today, the stock markets are in the forefront and the biggest influence on bond trading this morning. If the major stock indexes continue to slide, we may see finds move back … (0 comments)

rates: An Active week potentially for rates - 03/03/08 03:07 AM
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rates: Make up .25bps, by Friday - 02/27/08 11:55 PM
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rates: HomeTown Lenders - 02/26/08 07:53 AM
Working with the top Realestate Teams in the Auburn/Opelika and Cloumbus/Phenix City areas to bring you the absolute best investment opportunities available in our marketplace. Period … (0 comments)

rates: rates holding - 02/25/08 01:45 PM
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rates: Lock rec. - 02/20/08 09:55 AM
Wednesday's bond market has opened slightly in positive territory despite stronger than expected results in a key inflation reading. The stock markets are showing losses with the Dow down 78 points and the Nasdaq down 8 points. The bond market is currently 5/32, but we will see a noticeable increase in this morning's mortgage rates due to weakness in bonds late yesterday. Even with this morning's small gains in bonds, we will likely see rates move higher by approximately .375 - .500 of a discount point compared to yesterday's morning rates.The Labor Department gave us this week's most important economic news … (0 comments)

rates: 3 moe economic indicators this week mortgage rates are depending on for more relief... - 02/18/08 12:46 AM
There are only three economic reports worth watching this week that are likely to affect mortgage rates. Two of them are scheduled for release the same day, meaning we may see a relatively calm week for mortgage rates. The financial markets are closed tomorrow in observance of the President's Day Holiday and will reopen Tuesday morning. You may find some lenders to be open for business tomorrow, but I would not expect to see new rates issued until Tuesday.Wednesday morning brings us the release of two of this week's relevant news and data. The Labor Department will release January's Consumer Price … (0 comments)

 

Chris McDonald

Columbus, GA

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WR Starkey Mortgage, LLP.

Address: 1912 Opelika Road, MEFA Law Bldg., Phenix City, AL, 36867

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