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Services for Real Estate Pros - Al Rodenburg
Well, we continue to see change. Too bad none of it appears to be helping the consumer. We continue to hope that the monies provided to the major banks will provide the emotional climate for bankers to start loosening the proverbial purse strings.
Well, for the first time in awhile, MBS and 10 yr bond yields are going in opposite directions. In the recent past, if the 10 year went up, the MBS would go down - indicating higher mortgage interest rates. The 10 year keeps going up, which used to portend high interest rates; not right now! The ...
Well, there you have it, folks. Big Ben (Bernanke) has announced QE3 and they will be buying $40 billion/month in bonds. That's great, you say? I would suggest that the market has already factored in an assumption that the FED would move forward with Quantatative Easing III - and bond holders are...
Well, here we are again...waiting for Mr. Bernanke and the FED. Some folks have been under the assumption that Rates will go up (witness the lack of demand in the Bond market in the last several days) and PIMCO sell off; now, today, just before the announcement (will we, or won't we have a QE3) a...
IF you have an FHA loan that was closed prior to May 2009 - you might want to Apply for an FHA streamline refinance, NOW. Why? a. historically LOW Rates b. FHA Streamline does not require an Appraisal c. Mortgage Insurance will be almost as low as it was back then (not the current high MI rates t...
HARPII and FHA Streamlines: Well, if you have neighbors that are struggling with the refinance of their home, because the values have gone down (even though they have owned the home for 3-5 years!), FHA Streamlines and HARP II loans are a great help! Typical Loan To Values on HARP loans : 125% - ...
Lower Mortgage Rates? Maybe... Amid rising energy (oil) prices that show no incentive to go down; the back and forth economic crisis in Europe; a looming $17 trillion deficit in the U.S. and (if you believe David Stockman), no new net jobs created in the U.S. for the last 12 years; not to mention...
2011 - FORECAST: What's on the horizon for Mortgage Rates, the Housing Market, the Economy, Jobs? My crystal ball is a little cloudy - but here goes: Lower Rates will continue Lower Home prices will continue Weak, but sustained economic growth Don't expect the unemployment #'s to change much for ...
Last Week: Mortgages and bonds both improved last week with continued civil unrest in the Middle East and North Africa. Concerns over rising oil prices out of the producing countries has investors jumping into safety bets such as US treasuries and mortgages. The benchmark 10yr treasury yield impr...
Mortgage (bond) markets weakened today, after rallying for the last several days. Many who had been buying into the QE2 myth have been stunned into reality, with mortgage rates continuing their upward trend. Analysts and economists are both warning of upcoming bond bubble. Although there is no sc...
  December 2, 2010 Bonds: 10-Yr TSY 3.00% MBS 4.0% 100.44 MBS 3.5% 97.03 Stock Markets: DOW +96 at 11352 S&P +12 at 1218 NAS +22 at 2571 Market Commentary: Mortgages took a beating yesterday. Pricing ended up over a full point worse than the day prior. Today, the weakness continues as the 10y tr...

Al Rodenburg

Al Rodenburg - Voice Over Artist
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Thoughts on the continuing evolution of the mortgage industry.