Professional Home Staging and Photography Blog: January 2009

RATE ALERT - January 30, 2009

Mortgage Backed Securities (MBSs) continues their volatile trading trading today after spiking up 11/32 at the opening bell. The 30-Year FNMA 4.5% coupon is currently trending downward and is now trading below the yesterday's close. Mortgage rates may get worse in price before the close of business today.

Meanwhile, the Obama administration may be considering shelving its plan to create a "bad bank" to purchase "toxic mortgages" from banks. The problem lies trying to place a value on those assets so as not to hurt banks while at the same time not bail them out. An announcement for a "bad bank" plan was scheduled for early next week. Now the Obama administration is considering an insurance or guarantee program, and a plan won't be announced for at least another week or so. For more details, watch this video at http://www.cnbc.com/id/15840232?video=1018074662.

 

East Bridgewater, MA 02333
Phone: (508) 443-1332

Lew Corcoran, ASP®, IAHSP, IAHSP-CB
Accredited Home Staging Professional
Professional Real Estate Photographer

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Comment balloon 0 commentsLew Corcoran, ASP® • January 30 2009 03:34PM
RATE ALERT - January 30, 2009
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Mortgage Backed Securities (MBSs) continues their volatile trading trading today after spiking up 11/32 at the opening bell. The 30-Year FNMA 4. 5% coupon is currently trending downward and is now trading below the yesterday's close. Mortgage rates… more
The Daily Mortgage Interest Rate Lock Advisory - January 30, 2009
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My Lock Advice for Today : If I were considering financing/refinancing a home, I would… Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 30 days Float if my closing… more
RATE ALERT - January 29, 2009
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Prices of stocks, bonds and Mortgage Backed Securities (MBSs) are lower this morning after the House passed the $819 billion "stimulus bill" late yesterday. A bill to allow judges to "cram down" mortgage debt in bankruptcy… more
The Daily Mortgage Interest Rate Lock Advisory - January 29, 2009
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My Lock Advice for Today : If I were considering financing/refinancing a home, I would… Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing… more
RATE ALERT - January 28, 2009
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Prices of Mortgage Backed Securities (MBSs) opened up in this morning trading, but reversed course by late morning and headed down. The FNMA 30 Year Mortgage Backed Securities February 4. 5 coupon is currently down 14/32. Remember, on MBS, as… more
The Daily Mortgage Interest Rate Lock Advisory - January 28, 2009
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My Lock Advice for Today : If I were considering financing/refinancing a home, I would… Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing… more
Mortgage Market Update - January 27, 2009
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Prices of Mortgage Backed Securities (MBSs) opened at the same level as yesterday's close. MBS moved into positive territory this afternoon after Republicans had a meeting with President Obama. The Feds begin their two-day Federal Open Market… more
The Daily Mortgage Interest Rate Lock Advisory - January 27, 2009
share
My Lock Advice for Today : If I were considering financing/refinancing a home, I would… Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing… more
Mortgage Market Update - January 26, 2009
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Prices of Mortgage Backed Securities (MBSs) dropped a bit this morning as supply concerns weighed on fixed income securities. The FNMA 30-Year 4. 5% coupon was down 4/32 as the Feds prepare to sell $78 billion in notes this week. MBS is currently… more
The Daily Mortgage Interest Rate Lock Advisory - January 26, 2009
share
My Lock Advice for Today : If I were considering financing/refinancing a home, I would… Lock if my closing was taking place within 7 days Float if my closing was taking place within 8 and 20 days Float if my closing… more