3 Terms Every Mortgage Holder Should Know

Getting a mortgage can be a very confusing process. There is a lot of paperwork to sign, documents to read and procedures to be followed. You’d think you were applying to go to Harvard or Yale, except they don’t require that much paperwork for you to be admitted! Going into a mortgage knowing just aContinue reading “3 Terms Every Mortgage Holder Should Know”

Let’s Twist Again, Like We Did Last Summer

How do you stimulate the economy without spending any money? You do the twist and shuffle. The Federal Reserve announced Wednesday that it would engage in a new policy known as “Operation Twist,” consisting of selling shorter-term Treasuries and using the proceeds to buy longer-term government bonds. The Mortgage Bond markets soared today after the surpriseContinue reading “Let’s Twist Again, Like We Did Last Summer”

Mortgage bond prices stabilize and trade sideways

Mortgage bond prices stabilize and trade sideways but with debt resolution still up the air, the volatility will remain and prices will trade sideways. MARKET WRAP: Bond markets stabilized today and pushed higher despite better than expected news from initial claims, pending home sales and not-so-good results from the $29B 7-yr note auction. Whispers ofContinue reading “Mortgage bond prices stabilize and trade sideways”

Look What’s New for Maine Real Estate Financing!

Happy Friday the 13th, It’s still a great time to refinance and the purchase market couldn’t be better for a buyer. These rates are based on no points, rate and term refinance or a purchase, with qualifying income, loan to value and fico scores. ** FHA 30 Year Fixed 4.50% FHA 15 Year Fixed 3.875%Continue reading “Look What’s New for Maine Real Estate Financing!”

Maine Mortgage Market Wrap 02.08.2011

MARKET WRAP: Mortgage Bonds had their monthly coupon rollover after the close of trading today. The effect of this rollover was minus 31bp points for the 4% coupon ending down 81bp on the day.  The fall today was due to continued inflation pressures and economic optimism and as money continues to move into the StockContinue reading “Maine Mortgage Market Wrap 02.08.2011”

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