Mortgage and Consumer Confidence

Home Loan Rates and Consumer Confidence February consumer confidence index was released this morning and it was not good for the economy but good for mortgage rates. The index dropped 11 points since last month. This comes at the heel of gains for three straight months. What made matters worse was that the expectation before the release was a drop of less than a point, so the outcome of this news...

Get a Mortgage Now – Part II (6%?)

Reasons why you should get a mortgage NOW – part II Mortgage interest rate of 6%? In this part of the series, I would like to simply quote from an article written by Kirk Haverkamp that was written on February 4, 2010. I mentioned this article in part I of this series. The title of this article is “Window of Opportunity Closing for Home Buyers?”. You can find this article here...

Get a Mortgage Now – Part I

Reasons Why You Should Get a Mortgage NOW First, Federal Reserve Chairperson Bernanke made a statement this morning that outlines the Fed’s exit strategy from the historic low interests that we’ve been seeing recently. Of course, no actual timing was given; the possibility of raising rates depends on “economic and financial developments”. Although an exit strategy is...

Mortgage Rate Analysis

Here is a brief analysis of the mortgage market. I will focus on both fundamental and technical analysis. There are many ways to analyze the fundamental aspects of the mortgage market and today I will look at one aspect: the ISM services index. This index gauges expansion/contraction of the non-manufacturing or the service sector. This is important because over 80% of the US non-farm employment...