dallas mortgage rates: Mortgage rates - 02/21/13 03:38 AM
Thursday’s bond market has opened in positive territory due mostly to a negative tone in stocks. The major stock indexes are extending yesterday’s afternoon selling that pushed the Dow lower by 108 points, to close below 14,000 again. The Dow is currently down 52 points while the Nasdaq has lost 19 points. The bond market is currently up 10/32, which with yesterday’s late strength should improve this morning’s mortgage rates by approximately .250 of a discount point.
The minutes from the last FOMC meeting that were posted yesterday afternoon did show some serious discussion about possibly easing the Fed’s current bond buying … (0 comments)

dallas mortgage rates: Rates - 01/22/13 12:42 AM
Tuesday’s bond market has opened down slightly even though this morning’s only economic data gave us favorable results. The stock markets are showing small losses with the Dow down 4 points and the Nasdaq down 10 points. The bond market is currently down 4/32, which will likely push this morning’s mortgage rates slightly higher than Friday’s morning levels. The financial and mortgage markets were closed yesterday in observance of the Martin Luther King Jr. holiday.
The National Association of Realtors gave us today’s only relevant economic data late this morning. They announced that home resales slipped approximately 1.0% last month, falling short … (0 comments)

Jeff Schraeder (Southwest Funding)

Jeff Schraeder

Dallas, TX

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