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Wednesday’s bond market has opened in negative territory as investors prepare for today’s Treasury auction. The stock markets are showing minor gains again with the Dow up 13 points and the Nasdaq up 7 points. The bond market is currently down 8/32, which will likely push this morning’s rates higher by approximately .125 –...
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      Mortgage Rates Improve on Global Concerns The biggest influence on mortgage rates this week came from outside the US. Concerns about the possible default of sovereign debt in smaller nations caused investors to seek the relative safety of US fixed income securities. This week’s economic data was roughly balanced in terms of positive and negative...
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Qualifying for a reverse mortgage is often easier than qualifying for a traditional mortgage. If you fail to qualify for a traditional mortgage but you meet the requirements of a reverse mortgage, you can take advantage of the benefits offered by the same. Let us find out how different it is to qualify for...
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