I wanted to inform all the Home buyers and Real Estate agents out there of this great automated service I have.
It sends updates of what is happening to mortgage rates daily, weekly, or monthly. Here is Todays (03/10/2008) example -
Mortgage Market Commentary
Mortgage backed securities (MBS) prices fell (rates higher) before the first of three Treasury auctions this week that will raise $63 billion as concern over unprecedented levels of U.S. borrowing and rising stocks reduced demand for the relative safety of fixed income assets. FNMA 4.5% coupon 101.05bps, down 12bps. Investors fear the steps to stem the slump in growth and unclog the credit markets will bust the budget, leading to higher inflation. No economic data is scheduled for release today. Bernanke urges a sweeping overhaul of financial regulations in an effort to smooth out the boom and bust cycles in financial markets. The DOW is up 250 points this morning, apparently approving of Bernanke's comments. FYI, 3 month Libor rate is 1.33%, the highest level in two months. Treasury auction results at 10 am pt.
I am a knowledgeable and professional commercial and residential mortgage originator. I work independantly through First Priority Financial and have a staff ready to serve with a combined 44 years exp
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