Close

Juan Mackrizz

TRLS, ABR, AREP, CHMS, CNE, CSSN, MCNE, GREEN, SRS, SRES, TAHS
  4.99/5 View Ratings
Coldwell Banker United, Realtors - Bellaire Office
< BACK Subscribe

Mortgage market today

September 1st, 2009


Interest rates have been trading between 4.875% and 5.25% over the past week on a 30 year mortgage.

After some up-and-down trading, Mortgage Backed Securities are at near unchanged levels this morning, while Stocks are now down.

In the news, Pending Home Sales more than doubled expectations last month, making July the sixth consecutive month of gains. This marks the longest streak on record and bodes well for the housing industry. Also this morning, the ISM Index came in at its highest reading since June 2007, indicating some nice growth in the manufacturing sector.

Currently, Stocks are down, while Mortgage Bonds have improved from their worst levels earlier. I recommend floating for now to see if they can continue to improve. But be prepared to lock if the situation changes.

 


Join the discussion

To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to login. If you would like to create an HAR Account account, please click here.

Login to Comment
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

Join My Blog

Knowledgeable, caring professional who promotes a comfortable, friendly work atmosphere. Very detail-oriented, dedicated agent who will work as long and hard as it takes to help you reach your goal. Contact me today for a FREE, NO OBLIGATION market a
Coldwell Banker United, Realtors - Bellaire Office
5107 Bellaire Blvd #200, Bellaire, TX 77401   Get Directions
Phone: (713) 349-9700
Fax: (713) 349-9912
  • Archive
    •     2020
    •     2009