Treasuries traded lower yesterday for the 2nd day in a row following the dissapointing Treasury auction and stronger than expected unemployment claims report. Treasuries are continuing their slide again this morning on the recent positive economic data that has boosted investor confidence for a slow recovery. President Obama is expected to speak on the economy at a news conference later this morning.
It’s been over 100 days since any of us experienced what happened this morning. Financial experts and anylists have been prediciting this for a while, but [...]
One of the most common questions today is “Should I Refinance My Mortgage?” – We give current loan holders some advice for today’s historically low mortgage rate market.
Treasuries and mortgage bonds are down this morning on news out of Norway. The country with the world’s second biggest sovereign wealth fund says that they’re confident that Greece, Spain, Italy, and Portugal won’t default on their debt. Also, jobless claims dropped more than economists had forecasted.
Treasuries are down from yesterday’s close. The $21 billion sale of 10-year notes is scheduled for this morning – the second of the three auctions slated for this week. The MBA weekly mortgage market survey showed that mortgage applications fell 1.5 percent last week with the refinance activity portion of the number leading the drop at -3.1 percent.
In our second installment of Watch-It Wednesday, Home Loan Expert Allison Snell explains the appraisal process.
If you’re shopping for a new home or thinking about refinancing – it’s important to know what to look for in a home loan. We give you 5 pro tips to make sure you are able to make the most informed decision about your new mortgage.
Mortgage bonds were lower once again on Friday. They finished the week with three straight days of decline as the better than expected employment data moved money ouf of the safety of mortgages and government debt. Mortgages and treasuries are up this morning on rising concerns surrounding the European debt markets.
Tiger Woods has spared no time making the most of life since his divorce. Fresh from his split with former Swedish model Elin Nordegren, the star golfer signed on to a $54 million mortgage for his in-progress mansion on Jupiter Island, Florida. When finished, Tiger’s beautiful bachelor pad is predicted to be worth somewhere around $100 million.
Bonds took a nose dive after the non-farm payrolls number came in better than expected. The prior month’s number was also revised to show that companies added more jobs than originally reported. This is easing concern that the economic recovery is stalling. The unemployment rate stayed flat month over month at 9.6%.