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Here is the link to our Daily Update Video California Interest rates watch for 2-9-09
The correction I discussed yesterday is underway. Today and Tomorrow are HUGE auction days. The results of the auctions will determine the depth and term of the correction. Great results, could spark a rally and retest the [...]
California Mortgage and Home loan Interest rate watch Video….
California Interest rates watch for 2-8-09
Another very good day for interest rates. FNMA 4.5% finished up +25bp to the highest level in weeks. California mortgage rates took notice, with a lowering of interest rates mid-morning. Interest rates continue to drop over the last 2 days.. Watch out for Monday. If financial indicators continue to be [...]
Watch this Video!
Interest rate Watch for Feb 3 2010
Look a pretty good day for mortgage rates. Up means better rates.
Interest rates ended the week with 3 days of increases. There was some better than expected economic news. MBS(mortgage backed securities)moved lower forcing lender to increase interest rates, thus increasing mortgage costs.
The retails sales report measures the monthly reciepts of both durable and non-durable goods. An increase in retail sales would lead [...]
Hello,
I am going to start a day interest rate report to keep you up on the daily mortgage interest rates and home loan rates.
First let me start by explaining how it work. Mortgage rates usually go up and down with the 10 year treasury bond. You can find it on any financial [...]
Mortgage interest rates are at a 38 year low. How long will they stay this low is the question. Should you buy a home now or are prices still going down? That is the delema.
Her is what I am hearing. Housing prices seem to have leveled for and are even starting to raise. Today, Freddie [...]
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales [...]
As the Real Estate and financial markets continue to move up and down, mortgage rates can also be affected. Since mortgage rates are more closely tied to the bond markets, an up or down move in the stock market may not have the result in mortgage rates that one might expects. In fact, many times [...]