Mortgage Rates and Info from Ben, Wells Fargo

Posted by danita jolly

Well, 2009 didn’t get off to a great start as far as mortgage-backed securities were concerned.  Economic news reported throughout the week made investors pull money out of bonds and put it into stocks instead.  The Dow gained 258 points today to get back into the 9,000 territory (it closed at 9,034).  I do believe we’ll gain back some of these recent losses.  The government’s commitment to purchase billions of dollars of mortgage-backed securities in 2009 should help rates stay low.  It might be a bit volatile as the new year settles in, but optimism is running pretty high right now in the bond world.

All rates are based on a principal and interest payment and a 1% loan origination fee.

Ben Lenderman

Home Mortgage Consultant
Office: (425) 468-8613
Fax: (425) 468-8676
Mobile: (425) 301-1897
Toll Free: (800) 643-0528
Contact Me

10900 NE 8TH ST
BELLEVUE, WA 98004
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This entry was posted on Saturday, January 3rd, 2009 at 3:34 pm and is filed under Mortgage Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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