Related Posts
- January 14, 2009 -- Mortgage Rates January 14, 2009 (3)
- January 13, 2009 -- Mortgage Rates January 13, 2009 (0)
- January 12, 2009 -- Mortgage Rates January 12, 2009 (3)
Tagged as: consumer price index, cpi, fha, inflation, inflationary pressure, mortgage banker, mortgage bonds, ppi, primary residential mortgage, producer price index, reverse mortgage, steve russell, wholesale suppliers
{ 4 comments… read them below or add one }
My mortgage guy was giving me those rates the other day as well. I am sorry to report that I still have not been able to move any home buyers off the fence with these rates. Wish the news were otherwise.
J Boyer,
I’m sorry to hear that. As I said in a recent blog post, if a buyer is not willing to move when prices have retraced to 2003 levels, and mortgage rates are at 40 year lows, it is likely that they are not actually buyers right now.
It could have to do with job insecurity or any number of personal reasons, but you can’t argue with math.
Here in Florida right now things are just plain stale. It’s bad I agree steve that there are so many people who have issues keeping them from buying and a lot of those worries probably have to do with job security. And honestly who can blame people with the way the economy has been going.
This would normally be a strong indicator for upward activity in mortgage bonds, but so far today that has not been the case as bonds continue to trade sideways and slightly down.
You must log in to post a comment.