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MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates steady. There was some seesaw trading but within a relatively narrow margin as the European Central Bank did not announce an extension of their asset purchases past the current March 2017 deadline. Oil inventories fell from an expected increase. In addition, continued … Continue reading MIG Market Watch, September 12th, 2016
Many homeowners wonder if and when they should refinance their home. With lenders offering rates well under 4%, many people would jump at the chance to refinance their mortgage, yet some homeowners argue against refinancing while rates are low. There are two main reasons why homeowners don’t refinance when rates are low. Conventional wisdom says … Continue reading Refinancing Your Mortgage
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates steady. There was some seesaw trading but within a relatively narrow margin as Fed officials continued to discuss rate increases. Fed Vice-Chair Fischer said the economy was near full employment. Consumer confidence was expected at 97 but came in at a 101.1 … Continue reading MIG Market Watch, September 5th, 2016
