10 June 2009 ? Last Wednesday, and again on Monday, mortgage bonds have slipped terribly. Mortgage rates have jumped three times in the last two weeks. If you didn?t lock your 5% or less by now, you might be out of luck. After one severe swing, I was pretty optimistic that things would come back around. Short term, they did come back a bit, but after two more similar jumps, it?s a long way to go before we get back to where we were. Those holding out may have missed the boat. Crude oil (and gasoline) is up. The Dow is over 8700, the highest it?s been in some time. The courts have OK?d the sale of Chrysler to Fiat, and have OK?d Chrysler?s bid to cut US dealerships. And a House panel will subpoena the Fed over the Bank of America-Merrill deal, which still has everybody scratching their heads.Email This Post To a Friend.
Mortgage Rates Under 5% Going Bye Bye for Good?
June 10, 2009
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