Morning Market Update for March 24, 2009
Posted by: in Home Mortgage Online, tags: Credit Score, Excerpt, Money, Mortgage, Random, Refi, Stock MarketRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Well, I figured you saw enough of me yesterday, so I’ll write this one out instead of doing the video thing….. The markets gave back .125% of what we had gained last week. We’re at: 5.0% for a 30 year refi with 0 pts and a 720 credit score. 4.75% for a 30 year purchase with 0 pts and a 720 credit score. The 15 year is .125% less than that. Why did rates go up? A couple of reasons: 1. The flow of money into the stock market yesterday pulled money from the bond and mortgage backed securi
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