MBC Interactive

By
Mortgage and Lending - MBC Interactive
RECENT BLOG POSTS
Interest Rates For the CHFA Mortgage Program are now at 4.375%! If you are in the market to purchase your first home I dont know if there has ever been a better time to buy than right now. The chfa loanprogram offers down payment assistance, and low fixed interest rates, combined with the recent ...
11/30/2009
Mortgage bond prices rose last week pushing CT mortgage rates lower. Mixed data resulted in up and down trading but within a relatively narrow range. Things were going well the first part of the week with CT rates improving until Wednesday when the consumer price index and the core came in higher...
11/23/2009
Mortgage bond prices rose last week pushing Connecticut mortgage rates lower. The Fed spent another $45 billion buying mortgage bonds between November 5th and the 11th. For all the criticism the Fed receives for the handling of the economy, they do deserve credit for keeping mortgage interest rat...
11/16/2009
CHFA Mortgage rates are at their lowest point in years, and with the extension of the homebuyer tax credit now is the perftect time to buy. The following chfa rates are in effect until Thursday, November 19, 2009, and subject to change CHFA Homebuyer Mortgage ProgramInterest rate:  4.625 % (APR r...
11/12/2009
Connecticut Mortgage Rates were near unchanged for the week amid very choppy trading conditions. Stronger than expected factory orders and ISM Index data were generally not bond friendly and attributed to higher rates in the middle of the week. Fortunately the Fed indicated the continued desire t...
11/06/2009
Congress gave final approval to legislation expanding an $8,000 tax credit for first-time home buyers. The House passed the extension on Thursday and President Obama is expected to sign it today. The new bill extends until April 30, 2010 for the tax credit for first-time homebuyers that would oth...
11/06/2009
Connecticut First time homebuyers may never see a better time to buy than right now. The CHFA loan program is now offering 30 year fixed rate mortgages at 4.75%. Here are the chfa mortgage rates as of November 5, 2009: Homebuyer Mortgage ProgramInterest rate:  4.750 % (APR range 4.850 - 5.250 %)T...
11/05/2009
Mortgage bond prices rose last week pushing CT mortgage rates lower. Rates spiked higher Monday morning as stocks surged and the Treasury auctions loomed. Fortunately, foreign demand for the notes was solid, helping to keep mortgage rates low. The stock markets remained volatile all week with the...
11/02/2009
CT Mortgage rates ended the week nearly unchanged despite considerable market volatility. Trading was up and down all week. Rates improved the first portion of the week as stocks fell below key psychological levels. Unfortunately a reversal the middle portion of the week eroded the earlier improv...
10/27/2009
Market CommentMortgage bond prices fell sharply last week driving CT mortgage rates higher. Rates were under pressure from better than expected economic news and rising stocks. Retail sales, weekly jobless claims, and industrial production data were all better than expected. The improved economic...
10/20/2009