Tag Archive | "Fannie and Freddie"
Urgent Mortgage Update: Mortgage Rates will remain low after Wall Street’s Bloody Monday! - 9/15/2008
Good Afternoon, If you have inquired about a refinance within the last two years please read closely. The Dow Jones Industrial Average dropped over 500 points today, which is the biggest drop since 9/11. Due to this financial MELTDOWN, Treasuries bonds increased and since mortgage rates are tied to the bond market, mortgage interest rates are [...]
Continue reading...Mortgage Update: The Refinancing Industry Seesaw - 9/10/2008
Wednesday, September 10, 2008
Good Afternoon, Is everyone ready to see what kind mortgage rate volatility we are experiencing today? Take a look at the 10-year bond yield graph below. Think of it this way: if the bond yield is in the negatives it helps mortgage rates, if it is the positives then rates should increase. Today we saw rapid [...]
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Monday, September 15, 2008
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