Archive for September, 2009

September 22, 2009

Tuesday, September 22nd, 2009

Rates are currently at 4.875 at 1 point for amounts up to $417,000.

For loans between $417,000 and $567,500 they’re at 5.25 at .75%.

Above $567,500 to $600k they are at 5.75%

The FOMC (Federal meeting) will finish tomorrow.  Chairman Bernanke will try to give some direction on the way the market is leading.  To me it seems like he is always blowing smoke and making it appear like the market is doing better than it actually is showing.  Rates have stayed steady and probably will continue to do so, leaning toward getting a little worse.  It’s just my opinion; I could be wrong.

September 2, 2009

Wednesday, September 2nd, 2009

Rates are currently at 4.875 at 1 point for amounts up to $417,000.

For loans between $417,000 and $567,500 they’re at 5.125 at .75%.

Above $567,500 to $600k they are at 5.75%

Rates should keep improving depending on employment numbers.  Employment numbers are published on Friday and inflation numbers next week should help rates.  This afternoons rates could get worse based on what Bernanke estimates how the economy looks.  Again……this is just my opinion; I could be wrong.