Where Are Rates Headed?

Interest rates have been dancing around a ceiling of resistance for about 5 days now. This ceiling marks the high water mark for mortgage back security pricing…translation – lowest rates in my entire life. These rates were last seen in the late 50’s.

I’m not sure that anyone expected rates to remain low – and more especially move even lower – after the Fed ended their MBS purchase program. But a few unexpected events around the world impacted us, thus … Continue reading

Another home run for home loan rates…

Fence sitters might want to take notice.  Home loan rates are at it again…the bulls pushed the bears around and the Bond market moved higher over the past week driving interest rates lower.  Some say it is a 50 year all time low, although we have touched this low briefly several times in the since January 2009. 

Today you can own more home for less money than you could just a mere month ago.  And it is a great time to refinance your … Continue reading

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