Category Archives: Florida Real Estate Mortgage Guy Blog

Week of: Monday, January 30, 2012 Present Market Conditions Positive news in the housing sector reversed a three-week trend of all-time record lows for mortgage rates. Frank Northaft, vice president and chief economist for Freddie Mac, noted “Fixed mortgages ticked … Continue reading →

Week of: Monday, November 21, 2011 Present Market Conditions Modest inflation data coupled with relatively strong economic growth reports served as offsets, with mortgage rates experiencing very little movement. According to Frank Northaft, vice president and chief economist at Freddie … Continue reading →

Week of: Monday, October 31, 2011 Present Market Conditions The most recent economic data combined with Fed hints of additional MBS purchases was positive news for mortgage rates. However, the announcement by European leaders of a comprehensive aid package to … Continue reading →

Week of: Monday, September 26, 2011 Present Market Conditions The Fed issued a two-pronged statement, confirming “significant downside risk” to the US economy and announcing a strategy that extends the average maturity of its portfolio while reinvesting principal payments into … Continue reading →

Week of: Monday, September 19, 2011 Present Market Conditions The Fed, in conjunction with the European Central Bank and 5 other major central banks will provide a lending facility to shore up liquidity for European banks. In spite of significant … Continue reading →

Week of: Monday, September 12, 2011 Present Market Conditions “Market concerns over Eurozone sovereign debt default and a weak U.S. employment report for August placed downward pressure on Treasury bond yields and allowed fixed mortgage rates to hit new lows … Continue reading →

Week of: Monday, August 22, 2011 Present Market Conditions Frank Northaft, vice president and chief economist at Freddie Mac, stated “The Federal Reserve’s policy statement and ongoing market concerns over the European debt market carried momentum through the week allowing … Continue reading →

Week of: Monday, August 08, 2011 Present Market Conditions This past week brought important economic news on a daily basis, producing volatile reactions in global financial markets. Tuesday’s statement by the Federal Open Market Committee was the biggest news, as … Continue reading →

Week of: Monday, August 01, 2011 Present Market Conditions According to Frank Northaft, Freddie Mac’s vice president and chief economist, “macroeconomic data released this week were a mixed bag.” Some positive signs, the S&P/Case-Shiller® 20-City Composite Index and June’s index … Continue reading →

Week of: Monday, July 18, 2011 Present Market Conditions A weak jobs report combined with uncertainty regarding Europe’s debt problems and lack of progress on US debt limit talks all contributed to lower mortgage rates this past week. The market … Continue reading →