italy: What’s Ahead For Mortgage Rates This Week : November 28, 2011
- 11/28/11 01:30 AM
<!-- This material is non-exclusively licensed to Don Grimes and may not be copied, reproduced, or sold in any form whatsoever.-->Mortgage markets worsened slightly last week through a bouncy, holiday-shortened trading week. Markets were closed Thursday for Thanksgiving and re-opened only briefly Friday. As in past weeks, though, economic, political, and financial news from the Eurozone dictated the direction of U.S. mortgage-backed bonds. As Greece — and now Italy — have faltered, investors have sought to preserve their respective principal, moving money from unsafe assets to safe ones, a class which includes Fannie Mae- and Freddie Mac-backed mortgage bonds. This investment … (0 comments)
italy: What’s Ahead For Mortgage Rates This Week : November 21, 2011
- 11/21/11 01:21 AM
Mortgage markets went unchanged last week as Wall Street traded on new debt stress within the Eurozone, and stronger-than-expected economic data here at home. Rates moved very little from Monday to Friday and the storyline’s not expected to change much this week for today’s rate shoppers. According to Freddie Mac, conforming 30-year fixed rate mortgages remain priced at 4.000% with 0.7 discount points on average, where 1 discount point equals one percent of the loan size. For people who prefer “zero-point” mortgages, expect a mortgage rate above 4.000%. By contrast, loans with 1 point or more are priced below 4.000 … (1 comments)
<!-- This material is non-exclusively licensed to Don Grimes and may not be copied, reproduced, or sold in any form whatsoever.-->Mortgage markets worsened slightly last week through a bouncy, holiday-shortened trading week. Markets were closed Thursday for Thanksgiving and re-opened only briefly Friday. As in past weeks, though, economic, political, and financial news from the Eurozone dictated the direction of U.S. mortgage-backed bonds.
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