Currently viewing the tag: "FHA Loan Rate"

FHA Interest Rates Rally Back

On February 5, 2010 By

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 it reverses. [...]

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FHA Loan Rate Recovers

On February 5, 2010 By

Expectations were for job creation of about 15k. We lost 20k jobs on the month. On this negative economic news, the FHA interest rate should have normally improved, but nothing is normal these days.

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FHA Interest Rates Drop Today

On February 4, 2010 By

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 [...]

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There’s 100 Days Left To Claim The Homebuyer Tax Credit

On January 20, 2010 By

November 6, 2009, Congress voted to extend and expand the First-Time Home Buyer Tax Credit program. There’s 100 days left to claim it.

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2010 FHA Mortgage Rate Predictions

On January 15, 2010 By

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 [...]

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FHA Interest Rates Back to 5%

On December 16, 2009 By

It’s been an interesting week for the FHA loan rates.

We’ve had every piece of bad news that mortgages could hear:

The economy is rebounding.  We’re seeing expansion in nearly every key metric. Housing is on a roll.  This also has negative signals for the FHA interest rates. Inflation is starting to creep up.  Inflation [...]

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FHA Loan Rates Improving Today

On December 7, 2009 By

Last week saw rates take a bruising after chasing all-time lows right near Thanksgiving.  The FHA interest rate was pushed higher, but still opens this week under 5%.

It is hard to keep in context how low mortgage rates are.  We went up .25% and are still below 5%.  That’s great news today.  It’s scary [...]

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Interest rates starting to correct

On December 2, 2009 By

We’re seeing some follow-through from yesterday’s big sell-off.  Presently, the GNMA 4% is off about 20 basis points.  That might or might not be enough to move rates a full .125%.

Gold hit another record, now up to $1,207/oz.

The ADP jobs report came in today.   The report was worse than expected in terms of [...]

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Rates Sell Off Today

On December 1, 2009 By

More to follow tomorrow.

We saw profits coming off the table and year-end positioning being set up.  We saw part of a correction today, the question is whether it will continue tomorrow.  We’ll keep you posted.

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FHA Loan Rate Hovers at 4.75%

On December 1, 2009 By

We’re starting to see a reversal today as the GNMA bond is under pressure.  The Dubai mess is unwinding and appears to be regional.  We’re getting blistering numbers in the housing market.  Add to this the fact that mortgage bonds appear to be overbought, we’re ripe for a reversal.

We’ll start today at 4.75% on [...]

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