The Federal Reserve wrapped up its program of mortgage purchases this week, leaving it to investors to replace the demand. The level investor demand will have a great influence on the level of mortgage interest rates in the coming months. While rates have crept up around 25 basis points (1/4%), it's generally perceived that Cheap Mortgages May Last as Investors Replace the Fed.
It will be important for buyers and sellers alike to keep a close eye on rates as they continue to creep upward, for their impact upon affordability and payments is enormous. - David
Showing posts with label Bloomberg. Show all posts
Showing posts with label Bloomberg. Show all posts
Thursday, April 1, 2010
Thursday, February 4, 2010
U.S. MBA Mortgage Applications Index Increased 21% Last Week - Bloomberg.com
In the absence of purchase money, low rates and refinancing have driven up mortgage applications dramatically. - David
U.S. MBA Mortgage Applications Index Increased 21% Last Week - Bloomberg.com
U.S. MBA Mortgage Applications Index Increased 21% Last Week - Bloomberg.com
Monday, December 28, 2009
What to do with Fannie & Freddy?
The fate of Fannie Mae (est. 1938) and Freddy Mac (est. 1970), both of whom support the mortgage markets by purchasing, securitizing, and reselling home morgages from mortgage originators, is unclear at best. Established to facilitate home ownership, this Bloomberg article tells us their effectiveness at that role, and their financial viability, is in serious question. - David
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