HomeLoans Blog

Even as we get some bad news from Bahrain, mortgage bonds are ending the week by holding the improvement from last week's increases in mortgage rates.

The past week was full of important economic news - housing starts, PPI, CPI, and a couple major surveys. The net result for rates is that a new level seems to have been reached.

It is probably not to be expected to see much rate improvement, but the week has brought an end to the mutliple successive days of rate deterioration.

The fast and furious rise has been reversed.

Good news for home buyers in today's market.

For FHA buyers though it is important to remember that FHA will increase their mortgage insurance charges effective on 4/18/11. So you will save a few bucks (FHA says on average about $30) if you beat that April deadline.