It’s About Jobs- 3.877%- 30 Yr Fixed

by NAMCO March 10, 2012

Mortgage Rates came under pressure on Thursday as the Greek deal was finalized, slicing 107 billion Euro ($140 billion) off its debt.  Equally important was Friday’s potentially market moving Jobs Report. Hence, I issued an “Alert to Lock” warning  Thursday afternoon, as lenders moved to re price mortgage rates higher.  The Jobs Report did pressure [...]

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Buffet Says Buy Homes- 3.877% APR – 30 Yr Fixed

by NAMCO March 2, 2012

Mortgage Rates were on the rise earlier in the week as the price of the Fannie Mae Bond has been under pressure. Mortgage Rates move in the opposite direction of Bond Prices. Comments from Federal Reserve Chairman Ben Bernanke about the possibility of inflation due to higher gas prices along with no hint of further quantitative [...]

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Rates To Revisit Lows? – 3.849% Fixed 30 Yr

by NAMCO February 25, 2012

Bond Prices are finishing the week unchanged and stuck at the 25-Day Moving Average.  Earlier in the week the Bond fell below the 25-day Moving Average and a Rising trendline. Mortgage Rates may be ready to re visit their lows as Bond  may be ripe for a bounce higher, after recently loosing 100 basis points in price.  [...]

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Rates Higher as Bonds Dissapoint – 3.366% Fixed 15 Yr.

by NAMCO February 18, 2012

“Mortgage Bonds have Fallen below the 25-Day Moving Average, a key technical support level making the short term for rates more uncertain. In order for the drop below support to be confirmed, the Bond must close below the 25-Day moving average for two consecutive days. News of greece over this weekend can be a market mover. Hence, [...]

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BanksTurn Away Borrower’s – 3.752% APR – 30 Yr Fixed

by NAMCO February 11, 2012

Mortgage Bond prices rose Friday as the Stock Market had its worse day of 2012.  The Dow Jones lost 89 points due in part to concerns that Greece is headed for default. The 3.50% Mortgage Bond finished the day at $105.25, 43 basis points lower than the start of the week. Mortgage Rates remained low [...]

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White House Refi Plan – 3.877% APR 30 Yr Fixed Rate

by NAMCO February 4, 2012

The US Economy Generated 243,000 new jobs while the unemployment rate dropped to 8.3 percent, according to government data released Friday.  Both numbers were much better than consensus, which expected a growth of 150,000 jobs and a steady unemployment rate of 8.5 percent. The unemployment rate was last this low in February 2009. Mortgage Bonds [...]

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The Fed Speaks – The Deal of The Century

by NAMCO January 28, 2012

 5/1 Jumbo Arm 3.22% APR It’s much better to be locked at a great rate and wish you were floating, than to be floating and wish you’d locked in that great rate.” Bonds Prices are up, Mortgage Rates are Down but off their lows as volatility Continues.   The trend is our friend. The Rising Trend [...]

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Mortgage Rates Test New Lows – 2.89%

by NAMCO January 21, 2012

7/1 Jumbo Arm  – 2.89% APR Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association. Many homeowners were convinced that it was time to refinance into record-low interest rates. Refinancing activity climbed 26.4%. The highest level since early August, the MBA reported. Meanwhile applications for new mortgages climbed 10.3% week-over-week. The [...]

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2012 Housing Market to Improve & Rumors of QE3

by NAMCO January 13, 2012

5/1 Jumbo Arm 2.689% APR Mortgage Rates continued their sideways to slightly lower pattern being supported by the Federal Reserve’s daily buying of Mortgage Bonds. Also helping Mortgage Rates is the weakness in Stocks.  For now, Mortgage Rates are in a longer-term sideways trend as well as an intermediate trend lower. However, this can change quickly [...]

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No Fee Home Loans

by NAMCO January 12, 2012

 16 Years NO Bail Outs No-cost, No-obligation, No social Security number required. Just answer a few questions and we’ll prepare a personalized rate quote with Low Rates just for you. Call Now 877-794-5363

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