wwwandovermortagescom: Massachsuetts Mortgage Rates/ Nationwide Mortages Updates
- 08/04/09 09:35 AM
For the second consecutive day Mortgage backed Securities, and treasury Bonds had bad a bad day, which translates into higher mortgage rates. We should hvae slightly higher mortgage rates on Wednesday 8/4/2009 The key reason why rates rose today was that Home sales increased 3.6% beating anaylists prediction of 3% This is the 5th consecutive month that home sales have increased. Good economic news is generally bad for mortgage rates, that is why we will probably see a slight increase. The housing market seems to be picking up, with values lower, lowe rates , and the first time $8000 tax credit, (0 comments)
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