Rates have been stable this week as Ben Bernanke, the Federal Reserve Chairman, said in his speech that interest rates are well positioned to promote growth and stable prices and the Feds need to now concentrate on the falling dollar. His words tell us that the Feds may be done with the rate cuts [...]

Rates are up this week as there has been weakness in bond trading as investors appear to be shifting towards stock and away from bonds.Conforming 30 Year Fixed Rates are at 6.125%, Conforming Agency/Plus ($417,000 to $729,750) are at 6.25%, and Jumbo is at 7.25%.
I found an interesting product this week in the conventional (non [...]

Rates have tightened slightly as the minutes of the Federal Reserve meeting revealed that the vote for the last rate cut was close and there are concerns about economic growth and inflation.This has made mortgage related securities less attractive to investors causing prices to decline and mortgage rates to rise.
Conforming 30 Year Fixed is at [...]

Interest rates are flat to down slightly this week as the economy continues to falter.Unemployment is up but the service and manufacturing industries reported smaller contractions than anticipated which was welcome news for the economy.
Conforming 30 Year Fixed [in the Huntington Beach area (Orange County)] is at 5.75%, Between $417,000 and $729,750 is at [...]