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Mortgage and Lending - MBC Interactive
RECENT BLOG POSTS
Mortgage bond prices remained nearly unchanged last week holding mortgage rates steady. Trading remained extremely volatile with daily movements in discount points often exceeding 1/2. The Treasury auctioned a total of $66B in two and five-year notes last week in the continuing effort to fund the...
12/30/2008
Mortgage bond prices rose last week, which helped mortgage interest rates improve, but only slightly. We saw a huge rally following the Fed rate cut Tuesday. Unfortunately the gains were short-lived and most were erased the following day. Trading remained volatile throughout the remainder of the ...
12/22/2008
Market CommentMortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained volatile with wild swings in both stocks and bonds. The Treasury auction of 3 and 10-year bonds was met with reasonable demand helping to support the overall interest rate markets. The econom...
12/13/2008
Market CommentMortgage bond prices rose last week pushing mortgage interest rates lower. Mortgage bonds were initially helped by reports the Treasury would try to get rates lower. Unfortunately, a lot of the gains seen mid-week were erased Friday following mixed employment figures. Unemployment w...
12/08/2008
Market CommentMortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained volatile as trading was thin amid the shortened holiday trading sessions. Mortgage bonds rallied nicely following the announcement that the Treasury and the Federal Reserve will spend $800 bi...
11/30/2008
Market CommentMortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained choppy with small improvements the first portion of the week. The majority of the releases showed continued economic weakness. Oil fell below $50 a barrel Thursday, jobless claims escalated, ...
11/24/2008
Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained extremely volatile. Most of the improvements in mortgage interest rates came the beginning of the week as stocks struggled amid continued global economic uncertainty and oil prices continued to fall. Unfor...
10/27/2008
Mortgage bond prices remained nearly unchanged last week holding mortgage rates steady. Trading remained extremely volatile with daily movements in discounts points often exceeding 3/4. Much of the volatility in bonds was tied to the stock market where the Dow Jones Index rose by 933 points only ...
10/19/2008
Mortgage bond prices finished last week lower pushing mortgage interest rates considerably higher. The Federal bailout plan along with an unexpected Fed rate cut dominated almost all headlines as uncertainty loomed and the liquidity crisis continued. Fear gripped the markets, which caused many in...
10/13/2008
The CHFA Mortgage not only offers an opportunity for first time home buyers to get into a home with a low fixed rate and 100% Financing. If you are a home buyer in the state of Connecticut looking to buy a home in one of CHFA's targeted areas you may qualify for this program as well, and without ...
10/09/2008