St. Louis Home Plans
St. Louis Home Plans is Vincent Homes New website.
New Systems HVAC
New Systems HVAC is on of the most trusted St. Louis Air Conditioning companies. Many of my clients have used them for St. Louis Air Conditioners, St. Louis Heat Pumps, and St. Louis Heat Pump needs.
St. Louis Mortgage Rates 11/24
St Louis Best Mortgage Rates October 24, 2008
30 Fixed/apr | 6.000% /6.100%
30 FHA/apr | 6.000% /6.750%
15 Fixed/apr | 5.750% /5.825%
St Louis Best Mortgage Rates [1% Point]
30 Fixed/apr | 5.625% /5.825%
30 FHA/apr | 5.625% /6.225%
15 Fixed/apr | 5.500% /5.700%
Consumer Market Research
Business Market Research - Redshift provides clear and incisive business and consumer market research and data analysis.
Bonds +150bp 30 Year Fixed 5.875%
Filed under: Breaking Mortgage News, Featured, Mortgage Rates Predictions
RATES ARE COMING DOWN!!
The Government takeover of Fannie Mae and Freddie Mac is making its mark on the bond market. Mortgage Backed Securities are up +150bp! Fannie Mae mortgage bonds now are guaranteed by the US Government and investors are buying them up. This should help drive down mortgage rates and hopefully get the housing marketing moving again. With Mortgage Bonds being such a hot commodity the US Government now will need some low risk mortgages to secure them against. I do not personally believe the mortgage crisis is over, but low mortgage rates can’t hurt our industry!
Mortgage Rates Predictions
July 22, 2008 | Mortgage Rates are at their worst level in 2008…
Inflation, Inflation, Inflation! Today the Philly Fed President Charlie Plosser said that inflation is too high and the Fed would have to “back up their words with action”. The Fed will need to begin hiking the Federal Funds rate as soon as possible to fight inflation. It seams that we are at the rock bottom with mortgage rates assuming the Fed starts to take action and raise their Feds Cut Rate. Mortgage backed securities are -44bp on the day at 99.12.
Weekly Economic Indicators
Consumer Confidence June | [TUE] | E 57.0 | P 57.2 | modest
Durable Goods Orders May | [WED] | E 0.0 | P -0.5% | modest
New Home Sales May | [WED] | E 510,000 | P 526,000 | modest
Crude Inventories 6/21 | [WED] | P -1,242,000 | modest
Next Fed Meeting | [WED] | elevated impact
Initial Jobless Claims 6/21 | [THU] | E 375,000 | P 381,000 | modest
Gross Domestic Product Q1 | [THU] | E 1.0% | P 0.9% | modest
GDP Chain Deflator Q1 | [THU] | E 2.6% | P 2.6% | modest
Existing Homes Sales May | [THU] E 4,900,000 | P 4,890,000 | modest
Personal Spending May | [FRI] | E 0.7% | P 0.2% | modest
Personal Consumption Expenditures May | [FRI] | E 0.2% | P 0.1% | elevated impact
Core PCE Year | [FRI] | P 2.1% | elevated impact
Personal Income May | [FRI] | E 0.4% | P 0.2% | modest
Mortgage Rates Predictions
June 13, 2008 | Mortgage Rates are headed down…
PPI comes in red hot with Food and Fuel prices pushing inflation. The Core PPI hit expectations and held onto the 3% year over year gains. Inflation with no hope of the Fed bailing out investors should help push bond prices higher as investors move to a flight to quality in Mortgage Backed Securities. Mortgage Bonds have hit a floor of support and bounced Monday and Friday off. This usually signals a reversal.
Economic Indicators
Producer Price Index May | 1.4% | E 1.0% | P 0.2% | modest
Core PPI May | 0.2% | E 0.2% | P 0.4% | modest
Building Permits May | 969,000 | E 950,000 | P 978,000 | modest
Housing Starts May | 975,000 | E 980,000 | P 1,032,000 | modest
Capacity Utilization May | 79.4 | E 79.7 | P 79.7% | modest
Industrial Production May | -0.2% | E 0.1% | P -0.7% | modest
Empire State Index for June
Empire State Index June | -8.7 | E -2.4 | P -3.2 | modest


