MBC Interactive

Mortgage bond prices fell last week pushing mortgage interest rates considerably higher. Inflation fears dominated trading. Philadelphia Fed President Plosser warned, "The economy may be at greater risk of inflation than conventional wisdom indicates." A weaker US dollar, escalating oil prices, a...

Mortgage bond prices rose last week helping mortgage interest rates fall. Most of the gains came early in the week prior to the surprise inflation data. Weaker than expected retail sales data along with concern about the health of the banking industry helped mortgage bonds improve. Unfortunately ...

Great News! It was announced by Secretary of Housing and Development Shaun Donovan at the National Association of Realtors that the Federal Housing Authority wants to enable first time homebuyers access to the $8000 tax credit at closing. This would allow for these monies to be used toward down p...

   Looks like this will be the year of the First Time Homebuyer! The interest rates for Connecticut's leading home purchase program just dropped to 4.875%. This is the lowest rate offered for a first time homebuyer in years, and coupled with low home values there has never been an opportunity to ...

Market CommentMortgage bond prices remained unchanged for the week keeping mortgage interest rates steady. Trading remained volatile with rates improving the first portion of week. However, some of the data came in surprisingly better than expected Thursday and Friday which caused mortgage bond p...

Mortgage bond prices fell last week applying upward pressure on mortgage interest rates. Trading remained extremely volatile with daily swings of 3/8's in discount points a common occurrence. The economic data released was mixed with no clear indication of the direction of the US economy. The Fed...

Mortgage bond prices remained near unchanged holding mortgage interest rates relatively steady for the week. There was very little data the first portion of the week and rates improved slightly as the DOW was down 183 points at one point Monday morning. Unfortunately the durable goods orders and ...

Mortgage bond prices rose last week helping mortgage interest rates improve. The mixed economic data released during the week provided no clear indication to the direction of the US economy. One bright spot was the consumer and producer price index data, which showed no signs of rising inflation....

Mortgage bond prices fell last week applying upward pressure on mortgage interest rates. The bond market continued to come under pressure from significantly stronger stocks. The DOW shot towards the 8,000 mark despite data releases that showed continued economic weakness. Most worrisome were the ...

If you have been thinking about buying a home now is the time to get in. In the last 20 years there has never been a time to take advantage of low interest rates and housing values like right now. You can just take a look at the recent rates posted by the Connecticut Housing Finance Authority (CH...