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"Interest Rates"
At the end of March, the Federal Reserve followedthrough on its promise to stop buying mortgage-backed securities. At the time, I was of the opinion that rates wouldgo up. My reasoning was that when privateinvestors – institutional investors, pension funds -were asked to fill the gap from the Fed leavingthe market that they would insist [...]
Continue Reading →Interest rates have been staying low for quite a whilenow. It’s always difficult to try to predict rates, butthere seems to be a consensus building that may giveus some idea when rates may make an upward movethat will stay in place for some time. To generalize, fixed rates on conforming loans – thosethat get sold [...]
Continue Reading →If you’ve been waiting for interest rates to golower, you may not want to wait much longer. As you probably know, interest rates have beenvery attractive for several months. After dropping below 5%, they have predominantlybeen in the 4.5% to 4.75% range with a one pointloan origination fee. Then suddenly last week, interest rates rosedramatically. [...]
Continue Reading →As we work our way through the tightened approvalstandards that the mortgage underwriters areadhering to, we keep looking for the positivesthat peek out from time to time. First, interest rates are still staying low.For the most part, conforming loans (up to$417,000) for primary residences are in the 4.75%to 5.0% range with a loan fee of [...]
Continue Reading →If you have been subscribed to this newsletterfor a while, you know that I try to use itkeep you informed about the latest mortgagetrends, and educate you on the basics of themortgage business. This edition, however, I am going to departfrom that pattern to let you know what isgoing on with interest rates right now. [...]
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