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26 May 2011
Refinancing Homeowners Maintain or Reduce Debt in First Quarter
Freddie Mac released the results of its first quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house : • In the first quarter of 2011, 3-out-of-4 homeowners who refinanced their first-lien home mortgage Read More...
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27 February 2010
Economic Activity for the week
This morning's GDP revision for the 4th quarter came in a little higher or stronger than last month's previous estimate of 5.7%. Today's release showed a 5.9% rate of growth, meaning economic activity was stronger than many had thought . This Read More...
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18 November 2009
Fed Scaling Back Bond Buys..this affects Interest Rates!
Last week (11/13) the Federal Reserve stepped in with more buying of Mortgage Backed Securities (MBS), helping Bond prices recover from news of a weak Treasury Auction. Overall, home loan rates bounced around last week and ended the week very slightly Read More...
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13 November 2009
Rates Will Inch Up in 6 months...Watch!
The latest monthly outlook suggests no change in short rates for the next six months and only a slight increase in yield for the benchmark 10-year Treasury rate. For the time being the risks remain on the upside, however, for long rates as volatility Read More...
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