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Mortgage bond prices fell last week pushing mortgage interest rates higher. The Treasury auctions were mixed with the 3 and 10-year auctions showing decent foreign demand. Unfortunately the 30-year auction was a huge disappointment and caused mortgage interest rates to worsen Thursday. The fear o...

Market CommentMortgage bond prices fell pushing rates higher following stronger than expected inflation data last week. The producer price index and consumer price index both came in higher than expected fanning inflation fears. Inflation fears generally cause bond prices to fall and interest rat...

Mortgage bond prices had another volatile week with rates pushing higher the beginning of the week only to bounce back towards the end. Thursday's employment report was mixed. Non-farm payrolls fell 467,000 in June and the unemployment rate stood at 9.5%. Estimates were for jobs to decline 365,00...

  A good friend who has been in the business for many years asked a simple question of me today. It had mostly to do with credit score and what can be done. The answer was black and white - no room for gray - and his response was, "took the mortgage broker 3 months to figure that out. that's how ...

4 Birchwood Terrace Secluded Lot Located on Cul-de-sac Prospect, CT 06712 Home Page Virtual Tour Photo Gallery Property Map Financing Info Request Showing Contact Me Edward Silva Office:(203) 758-0834 xt 201 Mobile:(203) 206-0754 Website:Visit Website Blog:Read My Blog Price : $274,900 Bedrooms ...

Mortgage bond prices shot higher last week driving home loan rates lower. Mortgage rates found support from investors around the world following last week's Treasury auctions. The Treasury sold bonds totaling 104B that were well received by foreign central banks. The indirect bidder participation...

Market CommentMortgage bond prices remained volatile in up and down trading last week. We started the week in positive territory only to have the gains erased as stronger than expected housing starts data shocked the market Tuesday and overshadowed the tame inflation data. Producer and consumer p...

Mortgage bond prices had another volatile week pushing mortgage interest rates higher. US debt concerns played the biggest factor in rate swings as worries continued that countries would shift out of US dollar holdings. Russia indicated a willingness to move some reserves from US Treasuries to In...

Mortgage bond prices had another terrible week pushing mortgage interest rates considerably higher. Personal income, outlays, construction spending, ISM Index, and payrolls data came in stronger than expected. This did little to help the already shattered bond market. Oil prices continued to esca...

Finally some great news in the realestate market! It was announced today that HUD approved use of the $8000 tax credit for down payment assistance. The details are still coming out on this one, and I look forward to the impact this could have on the realestate market as a whole: DONOVAN ANNOUNCES...