Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average, for the first time this month.
Tag Archive: Wall Street
Florida Mortgage Update: 2010 Predictions For Housing Markets And Mortgage Rates
There’s a lot of talk on CNBC and elsewhere about what’s coming in 2010. Before you take those predictions to the bank, just remember that analysts do a much better job interpreting data from the past than projecting it into the future.
Florida Mortgage Report: Week of April 6, 2009
Florida Mortgage markets were up-and-down last week as rates slipped Monday and Tuesday before roaring higher from Wednesday through the end of last week.
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…
