As you sat fanning yourself in your back yard, sweaty and hot, weighed down by the heat and the steam of the mid-day sun, did [...]
Yesterday, mortgage bonds rallied as equity markets remained under pressure. Treasury and mortgage prices are set to open lower this morning from yesterday’s close as equities look to rebound and after comments from Bernanke that the central bank will raise interest rates before the economy returns to full employment.
With mortgage rates being at record lows and many people ready to buy or refinance, it’s important to know the facts about the loan options available to you. Read this brief evaluation of conventional vs FHA loans & know the facts before you sign on the dotted line.
The Treasury will be auctioning $70 billion this week. Bernanke will be testifying before the House Budget Committee this week and there will be an ECB meeting. It will be critical that they address the growing concern about potential defaults in Europe.
The Wall Street Journal reported late last week that 15-year fixed rates were at an all-time recorded low. We’ve never seen average 15-year rates this low, or at least since Freddie Mac began tracking them in 1991.
Treasuries are up big this morning following the payrolls report and talk that Hungary may default on their debt. Nonfarm payrolls came in lower than expected at an increase of 431,000 last month. However, that increase included a 411,000 jump in government hiring for the 2010 census. Payrolls in the private section also came in much lower than expected at 41,000.
News outlets continue to report on mortgage rates being at historic lows thanks to the European debt crisis. Several financial analysts are referring to this as one of the best times in recent history to buy a home or refinance your existing mortgage.
Yesterday, Treasury and mortgage bond prices fell and stocks rallied as pending home sales increased in April more than economists forecast. Treasury prices are down, this morning, as investors speculate that tomorrow’s employment data will provide more evidence that the U.S. economy is in recovery mode.
By starting a garden this spring, you can save money by growing your own food while having fun and getting your hands dirty during the spring and summer months. If you live in an urban area, there are many great ways you can get your garden growing. We’ve compiled a list of 7 helpful tips to get you started.
Treasuries opened down this morning ahead of today’s April Pending Home Sales report, which is expected to show a 5% increase. The report will be closely watched to guage the extent of a likely slowdown in home sales following the tax credit expiration on April 30th. This morning’s MBA applications report showed a rise in applications by .9% from last week.