Archive for March, 2007
Mortgage Rates Rise, NAR Says Home Sales are Up
23 March 2007Current Mortgage Outlook: Float
Opportunity for decreasing rates currently outweighs risk of rising rates.
The bond market opend down today after strong housing data was released. Retail mortgage rates could increase as much as .25 of a point.
NAR (National Association of Realtors) reported that home resales rose 3.9% in February. This was a [...]
Has the Fed changed its stance?
22 March 2007Mortgage Market Outlook: Float
Current opportunity for decreasing rates outweighs the risk of rising rates.
The bond market opened negative today, even though the stock markets were also down, and also despite weaker than expected economic news. This is likely due to profit taking on yesterday afternoon’s gains. Retail rates are currently improved by [...]