Continued concerns about inflation, as well as some pretty irresponsible comments regarding a long list of possible bank closures, has caused investors to leave the bond market; and the downward trend of pricing in that market has moved mortgage rate...
189 Views, 4 Comments.
Mortgage rates are still moving up, as more of the economic indicators are pointing down. The Labor Dept. disclosed today that the inflation rate for the last 12 months ending on May 31 st was at 4.2%. This information comes from the CPI,...
360 Views, 13 Comments.
I wanted to do some sort of tribute for Memorial Day, our killed and lost Soldirs, our Vets and all their families. In my search I came across this Johnny Cash tune that just knid of hits home for me. Johnny Cash's music just kind of soothes...
437 Views, 13 Comments.
Rates are holding pretty much the same, as shown below. This morning it was reported that the April Housing Starts actually increased. Certainly not by very much, but it was an increase. The analysts had expected another decrease in...
370 Views, 5 Comments.
Mortgage rates got a little better on Wednesday and Thursday, and leveled off today. We're seeing the 3 year and 5 year ARM loans coming back down to much better rates. Some of the initial rate drops this week were spawned by the ongoing run up in ...
342 Views, 6 Comments.