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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 [...]
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Rate WatchInterest rates have been in neutral for much of the day. With a narrow trading range. However, all points are looking toward higher rates. It may not be this month or next , but it is coming.
Consumer spending is up, payroll is up and stock are liking this trend. [...]
Hello,
Yesturday there was a release from HUD. FHA loans are changing. After April 5, 2010 the up front mortgage insurance premium (UFMIP) is going up from 1.75% to 2.25%. What does that mean to you, the home buyers. For FHA home loan seekers this means more up front money. But [...]
FHA Increases Upfront MIP Fee: Raises Credit Score Requirement; Reduces Seller Concessions
Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending
The first step will be to raise the up-front MIP by 50 bps to 2.25% and request legislative authority to increase the maximum annual MIP that the FHA [...]
MBA or Mortgage Back Securities are at there lowest levels in 4 months. But I do not think they will hits there lows of August, due to governmental actions. However, the 10 year bond could be the difference maker. The 10 years is at it highest level since August too.
With all signs [...]
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,
Today mortgage interest rates climbed in the morning. This was due to good news on the economy. Retail sales were up again last month, up 0.9%. Import prices were up as well. This could be bad news for interest rates. If inflation goes up so do interest rates.
The 10 year [...]
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 [...]