The last couple months we have seen the MBS market accelerate its sell off. The question is: where will it end or settle out? The FNMA 4% coupon chart looks to a 4 year support level at 101.56. Since last September we have lost nearly 350bps, with 230bps peeling off in just the last 2 and half months. To get to the 101.56 support level the market still needs to shed 75BPS leaving mortgage rates to increase another .125-.25%. If you are looking at buying or refinancing now is the time to lock in a rate.
Apply Online Now!!!
Real Estate with Tyson
- Have You Outgrown Your Home?It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home. The good news is, it’s okay to admit if your house no longer fits your needs. According to the […]
- A 365 Day Difference in HomeownershipOver the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them: Refinance: If you already own a home, you may want to decide if you’re going to refinance. […]
- Have You Budgeted for Closing Costs?Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage. What Are Closing Costs? According to Trulia, “When you close on a home, a […]
- Have You Outgrown Your Home?