Matthew Royer's (sphinx780) Blog

Good Morning, Interest rates are resting a little lower than they were last week with continual news of less than stellar economic stability in Europe right now. HARP 2: If you know homeowners who currently have mortgage insurance and are working to refinance through the new HARP program, there i...

Good Afternoon, At 11:30 this morning, The Federal Reserve issued their monthly statement and interest rate decision.  Traditionally this has big potential to cause a stir in the market and drive interest rates up or down for the coming few days.  So what did Chairman Ben Bernanke and co say?  Th...

Good Morning, Interest rates have remained steady over the past week but we may see some short term drama unfold tomorrow.  Spain is auctioning off bonds in an attempt to resuscitate their struggling economy by bring some much needed cash into the budget.  If they sell well, we will see a positiv...

Good Morning, Let’s keep it short and sweet this week, continued concerns from Europe and their financial troubles have resulted in a few days in a row of lowered interest rates. Not a huge drop from last week, but every little bit adds up.  Have a great week!   Rates: 30 year fixed at 3.875% (AP...

Good Afternoon, If you thought you may have missed last week’s Market Update, well, you didn’t.  I had the good fortune of spending a week in Ireland with my lovely wife.  She was retracing her roots, and I was enjoying the pubs so a good time was had by all!  So, what’s going on in the market?  ...

Good Afternoon, It’s been an up and down week for Mortgage backed securities.  The bottom line is that we’re back to the rates we were seeing last Wednesday and this is the lowest we’ve seen them all week. So this leads me to a question that’s asked often:  With rates going up does it make more s...

Good Morning, You’ll see below that with the stock market rallying the way it has over the past few days that it has not been kind to interest rates. The rally started on word that Ben Bernanke, Chair of the Federal Reserve had favorable statements and then the news that JP Morgan Chase passed th...

Good Morning, If you followed the news yesterday, you may be left wondering just what the Heck this new FHA refinancing program that President Obama presented yesterday is all about?  In short, it significantly lowers the monthly payment and closing costs for current FHA mortgage holders compared...

Good afternoon, Ahhh, life with a  Toddler in daycare.  If I hadn’t been home with Bronchitis last week, I would have sent you another market update stating that rates had risen slightly across the market.  As the nurse told me: ‘this will be the sickest year of your life’ and so far she’s been s...

Good afternoon, When anyone asks the question on what is driving interest rates lately, the answer seems to be the same time and time again:  Greece The bottom line on Greece currently is that they are wavering on the brink of financial disaster regardless of the plans to help them out.  I find t...