Rates quit climbing as stocks went south last week. As the stock market went down, money flowed into mortgage backed securities bringing rates down a little. More importantly, the price of mortgage backed securities closed above the 25 and 40 day moving averages. These had been major ceilings of resistance.
This week there are major inflation and other economic reports. Bad economic news with low inflation news means lower rates will follow.
Link to my weekly Realtor news letter:
Paul's MMG Weekly
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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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2007
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July
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- Neg Am Loans 2
- Neg Am Loans 1
- Weekly Rate Outlook
- NY Times: Mortgage Woes = Stock Sell Off
- Who should get a Reverse Mortgage?
- Weekly Rate Outlook
- Taking Rates in the News with a Grain of Salt
- Credit Loop Hole Closing
- Weekly Rate Outlook
- Sub Prime Woes are NOT A Paper Woes
- Freedom Day
- Weekly Rate Outlook
- Why pay down your mortgage?
- Using Home Equity Wisely
- Founding the Country On Faith in Money
- Weekly Rate Outlook
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July
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About Me
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- Bonita Springs, Florida, United States