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No news until later this afternoon, thus leaving the technicals in charge and they are bearish.
Tomorrow beige book could be a market mover!
Have a great day!
Hello this is you daily forecast of California Mortgage Interest rates for 2/5/10.
The FNMA 4.5% coupon is on the raise and the 10 years bond is down. You know what that means lower mortgage interest rates.
Lenders have already repriced for the better this morning, for the second day in a row.
Watch this California Interest [...]
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. [...]
So what have California mortgage interest rates been doing over the last week?
California home buyers and refinancers, mortgages have moved very little in the last week, but they have moved. In fact they have moved for the better. Over the last week California interest rate have dropped on a 30 year fixed form [...]
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 [...]
So you have decided to take advantage of the down market and buy a home or you need to refinance. But you do not know who to get your mortgage through. Should I go to a Mortgage broker or just go to the bank? What is the difference?
A mortgage banker is a direct lender. They [...]
mortgage interest rate buydown
Mortgage Total Cost Analsys