• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Mortgage Rates Drop At Fastest Pace In Three Weeks After Italian Elections

Mortgage rates moved lower today by the widest margin in over three weeks.  The faster-paced movement is courtesy of political tensions in Italy surrounding the country’s elections over the past two days.  Markets had expected a Bersani victory, which would be as close to a status quo as possible and seen as best for European stability.  Instead, Berlusconi may have won control of at least half of the Italian parliament. 

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Abrupt Reversal For Markets Leaves Rates At Recent Highs

Mortgage rates did a complete 180, reversing yesterday’s improvement, and taking rates back in line with recent highs.  That sounds fairly ominous, and in the sense that further weakness would mean new multi-month highs, it is.  But less ominous is the fact that rates continue to operate in a narrow range where the only major day to day changes have been seen on the COST side of the equation.  There’s further

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Mortgage Rates Hurt By GDP, Fed Statement Not Much Help

Mortgage rates began the day at broadly higher levels, as bond markets moved higher in yield overnight and again after the morning’s economic data.  Even though this morning’s GDP was weaker than expected, bond markets strengthened only briefly before continuing further along yesterday’s path of weakness.  Typically, weak economic data suggests stronger moves in bond markets, in which MBS (the mortgage-backed-securities that directly affect mortgage rates) operate.  Rates were generally weaker than

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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