Well, Last week ended up being much better than I thought it would be. Traditionally we get a bit of a smack on holiday extended weekends, but this time we have to thank Dubai for tossing enough insecurity into the markets to cause a flight to quality that pumped a few extra dollars into our c
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11/30/2009
Happy Turkey Week! Last week ended up being another positive one with Fannies ending up 6/32nds better than the previous week. If you are keeping track, that makes 4 positive weeks in a row bringing us back close to the Low LOWS we saw last spring. This is a short week which has some issues
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11/23/2009
Last week ended up on the positive side with a gain of 12/32nds on 30 year Fannies which is a noticeable change on a rate sheet. That makes 3 positive weeks in a row. Over all we have been in a tight range all year with hic ups along the way. I expect more of the same in the near term as Uncle
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11/16/2009
Last week ended up being a pretty flat week with a few bounces along the way. The highlight of the week was Fridays Employment report that was quite a bit worse than expected. It did not cause a big improvement as one would have thought, it really only served to wipe out losses from earlier i
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11/09/2009
Last week had its share of fairly large up and downs, but ultimately we ended up with a pretty decent gain for the week with Fannies trading up 19/32nds by the close on Friday... That translates to a noticeable improvement in Mortgage rates last week (but some bumps and bruises along the way) M
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11/02/2009