Mortgage pricing is improving this morning following a late improvement in mortgage rates following somewhat positive economic news last week. Normally we would expect good economic data to cause mortgage rates to rise, but given events in Europe, tomorrow’s election, and the general climate of…
After selling off yesterday, we are seeing mortgage backed securities rally this morning, leading to lower mortgage rates. This move comes despite (relatively) positive GDP and consumer sentiment reports. We’ve seen quite a bit of volatility this week, and I imagine that volatility will continue…
When it comes to housing policy, Mitt Romney should have many supporters among Credit.com readers. Every week we receive emails and comments complaining about HAMP and HARP, President Obama’s signature programs to alleviate the mortgage crisis. They include Nima Russell, who calls the government’…
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