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2014 Be Prepared

The new year is here and with it a new season for life and business.  Every season requires its own focus and for 2014 the focus of our business is Be Prepared.  This means that we want to make sure that every one of our clients is prepared for whatever change in rates, housing prices […]

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Rate Alert: Taper Begins

The Federal Reserve announced yesterday that they were tapering (reducing) their bond buying from $85 billion a month to $75 billion a month.  Meaning $10 billion dollars of possible government and mortgage bond purchase money is officially gone.  The more important development is this is an actually step towards complete removal of Fed bond purchases […]

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Rates Stabilize: Mortgage Rate Update 11/25/2013

View Rates Rates have stabilized over the last three months settling between 4.125% and 4.75% on a 30 yr fixed mortgage*.  You can see the stabilization below in the 1 year chart of the 10 yr treasury. During May and June there was an extreme move higher. Yet rates now are almost exactly where they […]

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Surprise Chicago PMI moves rates higher

It has been a strange Halloween morning in the interest rate world.  Rates moved lower to start the morning off of the normal not so great unemployment numbers.  But then minutes before Chicago PMI was released they jumped higher.  Then surprise surprise Chicago PMI came in 10.9 points higher than expected at 65.9.  Better economic […]

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Rates Move the Right Direction: Rate Update 10/24/2013

The budget passage and raising of the debt ceiling on October 17th marked a significant change lower in interest rates. The 10 year treasury chart below shows the yield over the last three months. Notice how 2.6% was a strong area of support that had held multiple times until the government reopened on October 17th. […]

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Taper Announcement: Rate Update 9/17/2013

  View Rates Here Record low rates started their move higher in early May because of talk about Fed taper.  Fed taper is simply the reduction of quantitative easing and quantitative easing is when the Federal Reserve buys bonds to lower rates thus helping the economy.  Originally the fed was only buying treasury bonds but […]

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