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Mortgage and Lending - MBC Interactive
RECENT BLOG POSTS
Mortgage bond prices fell last week applying upward pressure on mortgage interest rates. The bond market got a shock from a surprise increase in new home sales, stronger than expected durable goods orders, and some stock strength. There were also concerns about the US dollar in general and dollar...
03/27/2009
Mortgage bond prices rose last week applying downward pressure on mortgage interest rates. The bond market as a whole absorbed the additional debt supply the Treasury issued. There were some surprises with the retail sales figure not being as weak as expected and significant stock strength. Howev...
03/16/2009
Mortgage bond prices rose last week applying downward pressure on mortgage interest rates. Rates found support from falling stock prices. The Dow Jones index fell into the 6,000 range early in the week and was unable to recover. The employment report released last Friday indicated continued weakn...
03/09/2009
Mortgage bond prices fell last week pushing mortgage interest rates higher. A Freddie Mac report of increased defaults sent bond prices crashing and interest rates higher mid-week. The Treasury auctions generally showed mediocre foreign demand and the overall additional debt supply also pressured...
03/02/2009
Many prospective homeowners looking to obtain mortgage financing have never had credit or need to repair a poor credit history may not qualify for a regular unsecured credit card. For them, a secured credit card may be the only way to establish, or re-establish, credit in order to qualify for a n...
02/24/2009
Mortgage bond prices rose last week applying slight downward pressure on mortgage interest rates. Weakness in the equity markets helped bonds recover from losses seen earlier in the week. On Thursday the Dow Jones index closed at October 2002 levels. The Federal Reserve continued buying mortgage ...
02/23/2009
Market CommentMortgage bond prices fell last week pushing interest rates slightly higher. Governments across the globe continued to battle the credit crisis and economic instability. Billions of dollars of debt offerings by the US Treasury continued to be announced. Unfortunately, the additional ...
02/08/2009
Mortgage bond prices fell last week pushing rates higher. In an announcement earlier in the month, Fed Chairman Bernanke indicated the timing of a global economic recovery was "highly uncertain.." This uncertainty was reinforced last week as the economic turmoil continued across the globe and Spa...
01/26/2009
Mortgage rates for Connecticut's Homebuyer Mortgage Program have now hit the 5% mark. If you are a first time buyer there has never been a better time to purchase a home. Even if you are not a first time homebuyer the CHFA Mortgage program provides target areas in Connecticut that you may be elig...
01/17/2009
Mortgage bond prices remained volatile last week in thin trading conditions associated with the holiday. Daily movements in discount points often exceeded 1/2. Consumer confidence and ISM Index data showed continued economic weakness. However, weekly jobless claims were not as bad as expected. St...
01/05/2009