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Follow rate trends - updated daily by Mortgage Professionals
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Mortgage Market Update 10/15

Posted 10-15-2008 at 12:22 PM by dlenski (Daily Mortgage Market Update)

Rates are close to year highs
10/15/08 Interest rates are getting close to the highs of the year. We said the range for rates was 5.625% and 6.75% for the last 12 months. I have one investor at 6.5% and the rest are at 6.625%. We had disappointing economic numbers this morning. I would expect more of the same for Thursday. That should reverse the upward trend in mortgage backed securities. I do not see rates getting to 5.625% anytime soon. We should see rates closer to 6% in the near future....
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Mortgage Market Update 10/14

Posted 10-14-2008 at 12:13 PM by dlenski (Daily Mortgage Market Update)

Mbs are flat so far today

10/14/08 Mortgage Backed Securities are trading flat as of 10:00. It seems as though some confidence has been restored. The markets are rebounding. I think you will see some confidence erode over the next couple of days. Leading economic indicators are being released Wed - Fri. Things have improved in the stock market from last week. The economy is just not fixed yet.


Home Mortgage Loans and Refinance in Milwaukee and across Wisconsin - Wholesale Mortgage Services of WI...
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Mortgage Market Update 10/13

Posted 10-13-2008 at 10:24 AM by dlenski (Daily Mortgage Market Update)

The bond market is closed today. We will have no new rates until Tuesday. We are currenty at a crucial interest rate level. We are at the high end of interest rates for the year. Our rate range has been between 5.625% and 6.75%. Crucial economic numbers will be released Wed-Fri. I have not seen anything in the market that points toward a recovery. We should see rates head back down. We should be closer to 6% for a 30 year fixed.

Call Wholesale Mortgage Services of Wisconsin at (866)...
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What the Fed Rate Cut Means

Posted 10-09-2008 at 12:00 PM by dlenski (Daily Mortgage Market Update)
Updated 10-09-2008 at 12:05 PM by dlenski (added contact info)

The Fed has cut the discount rate. That is the rate charged to commercial banks and institutions. The discount rate is used by the Fed to control money supply in the markets. This rate does not directly effect mortgage rates. The rate cut will indirectly effect mortgage backed securities. Investors and businesses will be able to borrow money cheaper. This will help turn confidence around and make the stock market rise. When the stock markets rise investors take money out of MBS (mortgage backed...
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