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Be Positive
On Friday, I heard a commercial for mortgage guy out of Chicago and his message was just all over the place, but it was mostly negative. He was not being negative on his competition, but on the “market” on a whole. I was shocked by his comments. I was thinking what a fail of [...]
The Fed speaks and this week in Indiana Mortgage Rates
Mortgage markets lost a little ground last week, just edging mortgage rates tad higher in a week marked by the largest stock market gains since November. I bet many of you are liking your 401k now.
Once again, mortgage rates couldn’t sustain a rally for more than 5 days. Not since late-2008 have mortgage rates managed [...]
Too Many Homes and Low Rates = good news
For the first time in about a year, the sale of homes fell below 5-million units, this helps push the total home inventory just a bit higher by 0.1% nationwide.
Believe it or not, but based on that rate it would take over 11 months for the existing home supply to be exhausted.
For new home buyers [...]
Down and up and what is ahead
The mortgage markets improved a ton last week and for the second week in row. Dare I say “trend”. After the Federal Reserve said it would use “all available ticks” in their little black bag to stimulate the economy, mortgage backed securities traders responded positively by driving down mortgage rates to 50-year lows, the [...]
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