The Florida mortgage market will see some activity this week. There aren’t too many scheduled economic reports to talk about this week, but don’t expect the rest of the news to be quiet. First quarter earnings season begins, and while the change to mark-to-market take effect for the second quarter, it can be applied to first quarter earnings. In fact, rumors are already swirling that the change in mark-to-market will boost earnings of banks by 20% or more for the first quarter.
In addition, the US is prepared to sell an estimated $59 Billion in notes and inflation-indexed securities this week, and it will be important to see what impact that supply has on Bonds and home loan rates. And as we continue to watch the labor market, it will also be important to keep an eye on Thursday’s Initial Jobless Claims report to see if the news is good, bad, or ugly.
But remember: Strong economic news will likely cause Stocks to move higher, and Bonds and home loan rates may worsen in response as we saw last week. As you can see in the chart below, Bonds worsened on the heels of last week’s positive mark-to-market ruling, as well as Friday’s Jobs Report failing to meet the worst fears.
Rates remain near historic lows, but last week, Jack Koskinen, interim chief executive of Freddie Mac, said that he feels home loan rates are near a bottom. We should talk to discuss if the current rates may present an opportunity for you or someone you know.
Chart: Fannie Mae 4.0% Mortgage Bond (Friday Apr 03, 2009)
As always, if you need a local Winter Haven area mortgage broker to watch the rates for you, I’m your guy. Call me at 863-604-3019 or apply online for your Florida mortgage. We’ll keep you posted and let you know when it’s time to pull the trigger!
|
Kevin Sandridge
The Florida Mortgage Pro
Signature Home Funding
410 Laurel Cove Way
Winter Haven, FL 33884 |
Mobile: 863-604-3019
Fax: 888-496-0265
Email: kevin.s@sigfunding.com
 |
Related articles by Zemanta
- Buy and Fix Up Winter Haven Homes with 203(k) Rehab Loans (myfhamortgageblog.com)
- What Self-Employed Winter Haven, Florida FHA Borrowers Need to Know (myfhamortgageblog.com)
- MetroI4News.com – Winter Haven Florida Housing Report for February 2009 (metroi4news.com)
![Reblog this post [with Zemanta]](http://www.floridamortgageblogger.com/wp-content/uploads/2011/04/reblog_c3.png)
I hope you found this post useful! As always, if you or anyone you know is in need of a local Florida mortgage loan originator, I’m your guy. Call me at 888-859-7418 or apply online for your Florida mortgage. We’ll keep you posted and let you know when it’s time to pull the trigger!
No related posts.
