Top
Follow Me
Mortgage Market Update

click for larger imageThe rate markets are under pressure again this morning. The recent spike in interest rates adds more confirmation to our forecasts that the lows in the interest rates markets are now in place and rates are unlikely to fall to new lows. The recent stampede to the safety of US treasuries became excessive; the run down in rates was mostly in treasuries but mortgage rates benefited as the outlook for the US economy hit new lows in July and August. A lot of concern the US economy would double dip and fall back into text book recession sent investors, both domestic and foreign, to the safety of bonds.  There just isn't much room left for improvement, but a lot of room for rate to go up.  I would Strongly advise capitalzing while you can.

Want to know more on how the Mortgage Market directly effects mortgage rates or need an explanation of the candlestick chart above? Send us an email and we'll gladly provide an in depth article.  Realtors, ask about a detailed presentation on the Mortgage Market at your next office meeting.

Account

Entries in economic calendar (1)

Monday
Nov092009

Mortgage Market Weekly

DateMonday, November 9, 2009 at 12:18PM

Last Week:
Overall a slight gain in the mortgage market last week. On the other hand, the stock market saw a very nice 300+ pt. gain for the week. Not too often do we see those two things go hand-in-hand. Typically the two trend in opposite directions. Fueling the stock market were

Click to read more ...

AuthorLonnie | Comments Off |
tagged , , , in ,