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MARKET COMMENT Mortgage bond prices finished the week higher which put downward pressure on rates. Most of the improvements came Monday as stocks remained very volatile. Stocks rebounded a bit in response to the Super Tuesday election results but then resumed the selloff Thursday and Friday. Treasuries outperformed MBSs but both saw price increases and … Continue reading MIG Market Watch, March 9th, 2020
If you’re looking to buy your first home, a bigger home, or refinance the one you currently own, you are in luck. Mortgage rates have been decreasing and are at the lowest point in 3 years. In January 2020, mortgage rates were less than 4%. These lower rates may signal that the time for you … Continue reading Home Ownership in 2020: Mortgage Rates Hit 3-Year Low
MARKET COMMENT Mortgage bond prices finished the week higher which put downward pressure on rates. Most of the improvements came as stocks got crushed. Stocks experienced some of the worst losses ever with a decrease of 1191 points in the DOW Thursday alone. This was one of the rare times when the data was completely … Continue reading MIG Market Watch, March 2nd, 2020
