• 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 of the Year; Why the Surge in Pending Home Sales Might be Temporary

Even though the most common weekly rate survey was out today showing a significant increase in rates, it was merely catching up to the move we already reported on Friday. Today, however, mortgage rates actually surged lower , capping an almost triumphant 3 days spent earning back some of last week’s losses.  We’re now somewhere between last Thursday and Friday’s levels on average, though we’d emphasize that there’s still a

Read more »

FHFA Extends HARP by 2 Years, Through 2015

The Home Affordable Refinance Program (HARP) has been extended for two years beyond its scheduled expiration on December 31. The Federal Housing Finance Agency (FHFA) announced the extension today saying it had determined the extension will provide borrowers with additional opportunities to refinance, give clear guidance to lenders, and reduce losses for Fannie Mae, Freddie Mac and taxpayers. HARP is designed specifically for current homeowners with mortgages owned or guaranteed by

Read more »

History Rhymes and a Chart to Share – Mortgage Bonds

History Rhymes and a Chart to Share Stocks are starting the day higher while Bonds are continuing to slide lower.  It’s a quiet news day, so technical signals are in the driver seat…and boy have they been accurate.  A look at the chart on Mortgage Bonds shows the high yesterday touching exactly on the ceiling of resistance at the 200-day Moving Average (MA).  They promptly headed much lower to end

Read more »

The Market Wrap Report by Christian Penner

The Market Wrap Report given to you by Christian Penner Mortgage Broker West Palm Beach: CLOSING TECHNICAL SIGNAL: The Bears pushed MBS lower today after the Bearish Evening Pattern formed on Friday. But the losses were moderate compared with the drubbing that Treasury securities took. Look for sideways to lower for MBS. MARKET WRAP: Talk that European officials said that the European Investment Bank (EIB) would issue special bonds and buy up distressed

Read more »
 
Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
Real Time Web Analytics