ARCHIVED BLOG POSTS
2008
2
Comments
November 28, 2008, 1:15 PM PSTFannie Mae Mortgage Backed Securities Down 5.5 basis points (bps) to 5.091%*A Basis Point is 1/100 of 1.00% Advise to LockRates are in an historic "Oversold" condition. My best advice is to LOCK immediately. DJI Stocks UP 102.43 +1.17%European and Asian Markets UP 1...
11/28/2008
9
Comments
I am so tired of hearing from The Media "the mortgage market still frightened and only the most credit worthy borrowers can hope for a home loan". Hear Ye.... Hear Ye. Homebuyers with scores down to 580 can find 97% FHA financing with most lenders and there are one or two that will accept as low...
11/28/2008
0
Comments
LOCK IMMEDIATELY Monday FHA rates dropped as low as 5.25% with a couple of lenders and has been hovering in the neigborhood all week. I think rates will turnaround next week. The chart below is a historical 1.5 year record of oversold and undersold Mortgage Backed Securities. Historically when ...
11/28/2008
0
Comments
November 28, 2008, 9:00 AM PSTFannie Mae Mortgage Backed Securities Down 5.5 basis points (bps) to 5.091%*A Basis Point is 1/100 of 1.00% Advise to LockRates are in an historic "Oversold" condition. My best advice is to LOCK immediately. DJI Stocks UP +48.83 +0.56%%European and Asian Markets UP...
11/28/2008
0
Comments
November 26, 2008, 2:00 PM PSTFannie Mae Mortgage Backed Securities UP 10.2 basis points (bps) to 5.146%*A Basis Point is 1/100 of 1.00% Advise to LockRates are up slightly after yesterday's huge downward move. Government intervention seems to indicate lower rates but right now that is just a g...
11/26/2008
0
Comments
November 26, 2008, 8:00 AM PSTFannie Mae Mortgage Backed Securities UP 10.2 basis points (bps) to 5.146%*A Basis Point is 1/100 of 1.00% Advise to LockRates are up slightly after yesterday's huge downward move. Government intervention seems to indicate lower rates but right now that is just a go...
11/26/2008
5
Comments
Commentary: In a surprise move, the Federal Reserve announced this morning that it will purchase as much as $600 billion in debt and mortgage-backed securities issued by the Fannie Mae, Freddie Mac and Ginnie Mae. $100 billion of the total will be spent on the direct debt of the three mortgage...
11/25/2008
0
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November 25, 2008, 9:10 AM PSTFannie Mae Mortgage Backed Securities Down 60.7 basis points (bps) to 5.044%*A Basis Point is 1/100 of 1.00% Advise to LockTheis morning rates made their largest drop in months. DJI Stocks Down 20.00 -0.24%European and Asian Markets UP 1.44% 10 Year Treasury is cu...
11/25/2008
0
Comments
November 23, 2008, 8:00 AM PSTFannie Mae Mortgage Backed Securities Down 16.7Basis Points (bps)* to 5.651%. *A Basis Point is 1/100 of 1.00% Advise to LockRates have been down for the two three days and may have reversed a short upward trend. They still have not established a trend and the sa...
11/24/2008
0
Comments
November 21, 2008, 9:45 AM PSTFannie Mae Mortgage Backed Securities Down 2.2 Basis Points (bps)*. to 5.817%. *A Basis Point is 1/100 of 1.00% Advise to LockRates have been down for the past three days and may have reversed a short upward trend. They still have not established a trend and the ...
11/21/2008
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