Sorry for the delay in getting this out. The Land America bankruptcy has been taking up a fair amount of time with explaining and discussing the ramifications.
Mortgage Rates have been updated. They are basically the same as yesterday.
Recommendations and reactions:
There were a number of economic reports (which I’ll get into in my Mortgage Market Week in Review in more detail) but let’s just say they were all bad with the exception of the inflation report which tame but not showing deflation.
Recommendation - due to the extreme volatility int he market, my recommendation is to lock all loans.
Stay tuned.
Last 5 posts in Mortgage Rates
- Initial Reaction - Jobs Report - December 4th, 2009
- What is Your Mortgage Handicap? - December 3rd, 2009
- Jobs, Mortgage Rates and $45 Billion that Bank of America found.... - December 3rd, 2009
- 1 Full Percentage Point? That would leave a mark..... - December 3rd, 2009
- When the Fed Stops Buying Mortgage Bonds, Mortgage Rates Will Go Up. Or Will It? - December 2nd, 2009
- Stumble it!
- Categories: Mortgage Rates
Comments
1 Comment so far
Nic
Why is SPAM allowed here on the blogs but not on the forums? Anybody at Zillow care to clarify? Seems odd..