Posts Tagged ‘ loans ’

The June 2009 Mortgage Rates Massacre

Mortgage rates, prior to June, were stabilizing after a volatile first quarter.  Potential home buyers and existing homeowners were settling in to the fact that a 4.5% conventional mortgage rate could be had; some days you had to pay a couple of points, some days only one.  FHA and VA loans were about an eighth of a percentage point higher.

Brighter days in the real estate market seemed inevitable.

Volatility hit the mortgage rates market like an unexpected tsunami.  Here’s how it unfolded:

What does this mean to you, the professional real estate agent? Continue reading this post


Posted by: Brian Brady on June 8th, 2009 under Financing, Mortgage and Home Loans

1 Comment »

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