Rates are continuing their climb up upwards. Helping to fuel this rise in rates, Greenspan has announced that markets are showing a "pronounced turn around" causing investors to trade the safety of bonds (such as mortgage backed securities) for stocks. Great for stocks = bad for mortgage interest rates. Mortgage rates are currently 0.25% higher than they were on last Friday's [...]
Related Headlines
- High-end ARM reset (mild) hilarityposted 71 weeks ago on Blown Mortgage
- Mortgage Refinance Applications Down 30%; Interest Rates Up.posted 45 weeks ago on Blown Mortgage
- Mortgage rates headed up as Fannie and Freddie struggleposted 24 weeks ago on Blown Mortgage
- Mortgage Applications Fall as Interest Rates Riseposted 46 weeks ago on Blown Mortgage
- Pros and Cons of Adjustable Rate Mortgage Refinancingposted 75 weeks ago on Mortgage Refinancing - What You Need to Know
- Mortgage rates down as inflation fears easeposted 34 weeks ago on Blown Mortgage
- Bush to Announce ARM Loan Freeze Plan Thursdayposted 57 weeks ago on Blown Mortgage
- Better Homes & Gardens Offers Refinance Tips from Yours Trulyposted 62 weeks ago on Blown Mortgage
- And you thought stated income was bad?posted 40 weeks ago on Blown Mortgage
- IndyMac wades back in to the jumbo marketposted 72 weeks ago on Blown Mortgage