Bad retail sales numbers
1/14/09 Retail sales disappoint and cause stocks to plummet. Mortgage Backed Securities remain flat for the 5th day in a row. I think these are the levels that the FED is comfortable with currently.


1/09/09 Remember when the Fed talks about targeting 4.5% for a 30 year fixed rate mortgage that is a national average. The national average includes 1 point and $1500 in closing costs. If rates were to hit 4.75% in Wisconsin than that would be our...

EARNINGS SEASON KICKS OFF TODAY
1/12/09 Earnings season starts after the bell today. It usually brings volitile swings to the markets. I expect nothing different this season. Make sure your application is in to take advantage of the dips.


1/09/09 Remember, when the Fed talks about targeting 4.5% for a 30 year fixed rate mortgage, that is a national average. The national average includes 1 point and $1500 in closing costs. If rates were to hit 4.75% in Wisconsin than...

4.5% 30 year fixed rate
1/09/09 Remember, when the Fed talks about targeting 4.5% for a 30 year fixed rate mortgage, that is a national average. The national average includes 1 point and $1500 in closing costs. If rates were to hit 4.75% in Wisconsin than that would be our target rate. That is no points and $899 in closing costs. We seem to have bounced off the Wisconsin target rate a couple of times. My advice is to apply and have your information ready to lock. I think 5.00% is going to...

Auction today
1/08/09 There will be a Ten Year Treasury auction today. We talk about the FED buying Mortgage Backed Securities. These are the auctions that will facilitate the buying of the MBS. We need to keep finding buyers for our debt. When the buying drys up, so do the historically low rates. Soon these foriegn nations will have to worry about their own backyards, and not help out the friend who keeps spending. A little tough love on a global scale.

Home Mortgage Loans and Refinance in Milwaukee and across Wisconsin - Wholesale Mortgage Services of WI

Not much news
1/05/09 The next release of key economic data will be Friday the 9th. We have been in a pretty tight range for the 30 year fixed. We have offered between 4.875% to 5.25%. We do not see downward pressure on mortgage rates. Remember we are close to 37 year lows. Now is a great time to get your application in and refinance.

Home Mortgage Loans and Refinance in Milwaukee and across Wisconsin - Wholesale Mortgage Services of WI