Category: FHA Interest Rate
Posted by Chris Richter in FHA Interest Rate Friday, 5 February 2010 12:48 No Comments
Just a quick mid-day update: Since opening significantly lower after the jobs report, mortgage bonds have rallied. The FHA loan rates have recovered all of the losses from opening bell and are now up 18 basis points.
We are now overbought according to every technical signal so the market could move quickly if [...]
Posted by Chris Richter in FHA Interest Rate Thursday, 4 February 2010 19:24 No Comments
Our mortgage rate predictions aren’t looking so good this week. We really thought that yesterday’s ADP report and tomorrow’s Non-Farm Payrolls account would be the market movers. They weren’t. Global fear turned out to be the main story, so far, this week.
Investors have pulled out of the stock market with the Dow now below 10,000 [...]
Posted by Chris Richter in FHA Interest Rate Monday, 25 January 2010 07:46 No Comments
Conforming and FHA mortgage rates improved last week on the combination of soft economic data and new talk from the White House about tightening up banking regulations.
Posted by Chris Richter in FHA Interest Rate Friday, 15 January 2010 11:03 No Comments
Mortgage rates hit all-time lows on December 1st and shot right back up during the month of December. We came into 2010 with mortgage rates just trading higher one day, lower the next.
We’re starting to get some direction this week. The FHA 30 Year Fixed rate has moved back to 5% and is now developing [...]
Posted by Chris Richter in FHA Interest Rate Thursday, 24 December 2009 04:09 No Comments
FHA interest rates have been under pretty heavy selling pressure for the past month. What this has done is drive the benchmark 30 year fixed rate up to about 5% today.
What we’re looking at is the graph of the Fannie Mae 4.5% bond, but the Ginnie Mae’s that drive the FHA loan rate have followed [...]
