Winter Haven, Florida mortgage markets rallied to near record lows last week, thanks to the Federal Reserve’s pledge to buy $750 billion more mortgage-backed bonds in 2009.
Tag Archive: Stock Market
Florida Mortgage News – The Week Ahead: March 16, 2009
While the stock market rallied – posting its biggest gains since November – Florida mortgage rates climbed a bit; showing us once again that as money flows back into riskier stock investments, it flows away from mortgage bonds and thus, rates rise.
Winter Haven, Florida Weekly Mortgage Update: March 9, 2009
TweetLast week, we saw Winter Haven mortgage rates improve as investors once again sought refuge in safer … um “Havens!” With major stock indices reaching 12-year lows, investors are moving cash to the bond market. This, as we’ve said here before – is GREAT for mortgage rates! We’re seeing some special stuff here, folks… Mortgage…
Winter Haven Sees Lower Mortgage Rates After Geithner’s Speech
TweetWhile many here in Winter Haven, Florida were “underwhelmed” with Treasury Secretary Tim Geithner’s latest press conference, it was what he did not say Tuesday that pushed mortgage markets into more favorable waters. What we saw just after Geithner’s speech was an example of “safe-haven” buying. What is Safe Haven Buying and Why Does…
