Rates continued their assent last week, pretty much following what I set out last week. This week is light on hard economic news. Since I am writing late in the day I can tell you rates took a rest on their way up. We need some major bad economic news to get rates to go lower.
Did you notice the Stock Market moved Higher Friday and again today. Money flowing away from mortgage backed securities and into the stock market continues.
Link to my weekly Realtor news letter:
Paul's MMG Weekly
MMM
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Mortgage Money Man
This blog discusses topics related to residential real estate loans, mortgages and credit topics and issues. It is to help you manage your home as your most valuable financial asset. Some topics will discuss investments as home equity may be invested for a greater return.
Helping you better manage the investment you have in your home.
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Mortgage Money Man
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- Who should get a Reverse Mortgage?
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- Taking Rates in the News with a Grain of Salt
- Credit Loop Hole Closing
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- Sub Prime Woes are NOT A Paper Woes
- Freedom Day
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- Why pay down your mortgage?
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- Founding the Country On Faith in Money
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- Bonita Springs, Florida, United States