Posted on April 12, 2012 by ronnie
Interest rates have moved back down into the all time low range that we have been in since August of 2010. This is the second time 10 yr treasury yields have moved above the 2.1% resistance level and stopped at 2.38% only to quickly return back below the 2.1% resistance area. The last rate update [...]
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Posted on March 16, 2012 by ronnie
Interest rates have been at all time lows for 8 months but are currently testing the high end of the range. In August of 2010 the market fell apart driving interest rates down to all time lows. Since then rates have consistently bounced between 1.8% and 2.1% on the 10 yr treasury with one move [...]
Continue ReadingPosted on January 30, 2012 by ronnie
Warren Buffett is a value based investor who looks to put his money to work in undervalued assets. Apparently he sees homes today as one of those assets that is under priced for the long term. He specifically mentions that low rates are playing a large role in his value model. If you [...]
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Posted on January 24, 2012 by ronnie
The cost benefit of a refinance is not as simple to understand as buying the average product. This is because loans can be structured in so many different ways. Refinances can be structured so that all costs are covered by the lender, costs can be rolled in to the loan, or the borrower can pay [...]
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Posted on January 23, 2012 by ronnie
Today’s Rates Rates have moved from the bottom of the this 6 month channel to the top in a one week time period. The 10 year treasury a great indicator for mortgage rates has a yield of 1.8% at these 6 month lows and 2.1% at its highs 6 month highs. No sustainable break of [...]
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Posted on January 12, 2012 by ronnie
I find it amazing that we have held this area in rates for so long. On the 10 yr treasury we have held right at 2% for over 3 months meaning mortgage rates have held around 4% on the 30 yr fixed. It’s hard to believe that investors are willing to hold for such a [...]
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