FLOAT or LOCK? Phoenix Home Mortgage Interest Rate Update and Recommendation - Dec 23rd, 2009

Current Pricing of FNMA 30 Year 4.5% Bond: $100.16
+16 bps (Prior Close – $100.00)

Market Update: Mortgage Backed Security (MBS) pricing is higher today from yesterday's close. For a consumer, this translates into an upfront fee decrease equivalent to roughly .125% of your loan amount in order to obtain the same rate available yesterday for a home loan. An increase in bond prices causes home loan rates and/or fees to decrease.

Economic News: The Core Personal Consumption Expenditure Index, which measures inflation, was reported lower than expectations. Personal Spending and Personal Income were also reported lower than analysts expected. The Personal Savings rate remained steady, showing Americans are still saving their money. New Home Sales surprised to the downside, following the strong Existing Home Sales print yesterday. The New Home Sales miss, combined with the tame inflation data likely helped bond prices this morning.

Recommendation: FLOAT

The decision to float or lock your interest rate can save, or cost, you thousands of dollars over the life of your new mortgage. Our recommendation won't apply in all situations, so if you have questions please contact us for clarification. Also, if you're considering purchasing or refinancing and you would like us to arrange your financing please contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

FLOAT or LOCK? Phoenix Home Mortgage Interest Rate Update and Recommendation - Dec 15th, 2009

Current Pricing of FNMA 30 Year 4.5% Bond: $100.84
-25 bps (Prior Close – $101.21)

Market Update: Mortgage Backed Security (MBS) pricing is lower today from yesterday's close. For a consumer, this translates into an upfront fee increase equivalent to .25% of the loan amount in order to obtain the same rate available yesterday for a home loan. A decrease in bond prices causes home loan rates and/or fees to increase.

We've had a floating bias since the major price deterioration over the last week. Pricing hit levels of support today so we should see a move down in rates unless inflationary news continues to spook the market.


Economic News: Producer Price Index, which measures wholesale inflation, came in significantly higher than expected. The Empire State Index of manufacturing in New York showed the largest monthly decline on record in December. Industrial Production came in a bit higher than expected, rising in November by the most in three months.

Recommendation: FLOAT

The decision to float or lock your interest rate can save, or cost, you thousands of dollars over the life of your new mortgage. Our recommendation won't apply in all situations, so if you have questions please contact us for clarification. Also, if you're considering purchasing or refinancing and you would like us to arrange your financing please contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

FLOAT or LOCK? Phoenix Home Mortgage Interest Rate Update and Recommendation - Dec 9th, 2009

Current Pricing of FNMA 30 Year 4.5% Bond: $101.91
-12 bps (Prior Close – $102.03)

Market Update: Mortgage Backed Security (MBS) pricing is lower today from yesterday's close. For a consumer, this translates into an upfront fee increase equivalent to .125% of the loan amount in order to obtain the same rate available on yesterday for a home loan. A decrease in bond prices causes home loan rates and/or fees to increase.

Economic News: There are no economic reports for release today, and the calendar for the rest of the week is light with news. Bond trading could be volatile when the results of this week’s Treasury auctions are announced.

Recommendation: FLOAT

The decision to float or lock your interest rate can save, or cost, you thousands of dollars over the life of your new mortgage. Our recommendation won't apply in all situations, so if you have questions please contact us for clarification. Also, if you're considering purchasing or refinancing and you would like us to arrange your financing please contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

FLOAT OR LOCK? Daily Market Update and Recommendation - Nov 18th, 2009

Current Pricing of FNMA 30 Year 4.5% Bond: $101.66
-9 bps (Prior Close – $101.75)

Market Update: Mortgage Backed Security (MBS) pricing is lower today from yesterday's close. Once again MBS prices look to be poised to go lower and there is significantly more risk to float versus locking. A decrease in Bond prices will result in higher home financing rates for borrowers.

Economic News: Consumer Price Index, which measures consumer inflation, showed some signs of inflation at the consumer level. Also in the news, Housing Starts and Building Permits came in weaker than expected.

Recommendation: LOCK

Contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com to find out how to take advantage of today's best loan rates.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars over the life of your new mortgage. Our recommendation doesn't apply to all borrowers, so if you have questions please contact us directly.

FLOAT OR LOCK? Daily Market Update and Recommendation - Nov 17th, 2009

Current Pricing of FNMA 30 Year 4.5% Bond: $101.91
+3 bps (Prior Close – $101.88)

Market Update: Mortgage Backed Security (MBS) pricing is slightly higher today from yesterday's close. From a technical analysis stand-point, MBS prices look to be at the top of the current trading range and there is significantly more risk to float versus locking. A decrease in Bond prices will result in higher home financing rates for borrowers.

Economic News: Producer Price Index for October, which measures wholesale inflation, was reported lower than expected. This is good news for Bonds and indicates there is no fear of inflation currently. Also in the news, Capacity Utilization and Industrial Production were reported essentially in line with expectations.

Recommendation: LOCK

Contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com to find out how to take advantage of today's best loan rates.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars over the life of your new mortgage. Our recommendation doesn't apply to all borrowers, so if you have questions please contact us directly.

FLOAT or LOCK? Phoenix Home Mortgage Interest Rate Update and Recommendation - Nov 16th, 2009

Current Pricing of FNMA 30 Year 4.5% Bond: $101.88
+12 bps (Prior Close – $101.76)

Market Update: Mortgage Backed Security (MBS) pricing is higher today from Friday's close. From a technical analysis stand-point, MBS prices look to be at the top of the current trading range. A drop in Bond prices will result in higher home financing rates for borrowers.

Economic News: October Retails Sales were weak overall, but higher auto sales helped the headline number. Today, Fed Chairman Ben Bernanke will be speaking on the economy. There could be significant volatility in the Stock and Bond markets depending on Bernanke's statements about short-term interest rates and eventually removing economic stimulus.

Recommendation: LOCK

To take advantage of today's low home prices and attractive mortgage rates, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars over the life of your new mortgage. Our recommendation doesn't apply to all borrowers, so if you have questions please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Nov 13th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.72
+22 bps (Prior Close – $101.50)

Market Update: Mortgage Backed Security (MBS) pricing is higher today from yesterday's close. We made the wrong call yesterday on locking, but still feel like the market is overpriced. The Federal Reserve stepped in and bought more MBS yesterday afternoon, which helped with a poor 30-Year Treasury Bond auction. After a sharp sell-off, we changed our recommendation to a locking bias. We still feel it is prudent to take a conservative approach over the next few months. With Bond prices higher, home mortgage interest rates are slightly lower for borrowers.

Economic News: Consumer Sentiment came in lower than expectations at 66.0 versus 71.0 estimated.

Recommendation: FLOAT

To take advantage of today's low home prices and best loan rates, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars over the life of your new mortgage. Our recommendation doesn't apply to all borrowers, so if you have questions please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Nov 9th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.41
+12 bps (Prior Close – $101.29)

Market Update: Mortgage Backed Security (MBS) pricing is higher today from Friday's close. With Bond prices increasing, this lowers mortgage interest rates for borrowers financing a home.

Economic News: There are no economic reports today but there is plenty of supply hitting the market from the Treasury auctions announced last week. This added supply to the market could weigh on Bond prices.

Recommendation: FLOAT

For information on home financing, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars in upfront fees. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan or refinancing, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Nov 6th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.28
+22 bps (Prior Close – $101.06)

Market Update: Mortgage Backed Security (MBS) pricing is higher today from yesterday's close. MBS prices are up on the day which drives home mortgage interest rates lower.

Economic News: Some volatility today, as the market digests worse than expected Unemployment data. Non-farm Payrolls came in at -190,000 vs. the expected -175,000. The Unemployment Rate jumped to 10.2% from 9.8%, well above the 9.9% forecast by economists. Economic data like this will certainly have many expecting rates to stay lower, longer.

It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.

Recommendation: FLOAT

For information on home financing, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars in upfront fees. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan or refinancing, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Nov 5th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.09
+21 bps (Prior Close – $100.88)

Market Update: Mortgage Backed Security (MBS) pricing is higher today from yesterday's close. Yesterday, the Federal Reserve issued its Policy Statement but there with no real surprises. MBS prices are up on the day which drives home mortgage interest rates lower.

Economic News: Productivity came in much higher than expected at 9.5% vs. the 6.5% increase estimated. Initial Jobless Claims posted 512,000 vs. the 522,000 expected. The Stock market is rallying again today on this data and a follow-through on yesterday's rally. Tomorrow's Jobs Report will probably indicate continued weakness in the labor market, with the unemployment rate likely exceeding 10%.

Recommendation: FLOAT

For information on purchasing or refinancing your home, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars in upfront fees. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Nov 4th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $100.78
-3 bps (Prior Close – $100.81)

Market Update: Mortgage Backed Security (MBS) pricing opened nearly unchanged today from yesterday's close. Traders are anxiously awaiting the statement being released today from the Federal Reserve on interest rates and current Policy Statement. With MBS prices flat, home mortgage interest rates remain unchanged. Today's trading could be especially volatile so we're taking the conservative approach and recommending protecting your interest rate.

Economic News: The House of Representatives approved legislation to extend and expand the $8,000 tax credit for first time homebuyers. The tax credit is not a done deal, however, a bill may reach President Obama for his signature by the end of this week. Also in the news, the Treasury announced this morning $81 Billion in Treasuries will be auctioned off next week. This will probably drag MBS prices lower, since MBS compete with Treasuries for investment dollars.

Recommendation: LOCK

For information on purchasing or refinancing your home, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars in upfront fees. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Nov 3rd, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $100.81
-13 bps (Prior Close – $100.94)

Market Update: Mortgage Backed Security (MBS) pricing opened lower today. Bond prices are currently trading above key technical support levels. With MBS prices moving lower, home mortgage interest rates move higher.

Economic News: There are no economic reports being released today. Although, the Federal Reserve begins its 2-day Federal Open Market Committee meeting this morning. The Fed will release a public statement tomorrow afternoon on their assessment of the economy. The markets will look to see if the Fed mentions when they will begin removing the accommodative policy and begin to hike rates.

Recommendation: FLOAT

For information on purchasing or refinancing your home, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars in upfront fees. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Nov 2nd, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.09
-9 bps (Prior Close – $101.18)

Market Update: Mortgage Backed Security (MBS) pricing is lower today from Fridays close. Bonds are taking a little breather today as Stocks are higher on positive economic data. With MBS prices moving lower, Phoenix home mortgage interest rates move higher.

Economic News: The Institute of Supply Manager's Manufacturing Index rose to 55.7 versus expectations of 53.0. Within the report was an improved reading on employment, suggesting businesses in the manufacturing sector may be hiring. There are several important events this week, including the Fed Meeting and Monetary Policy Statement on Wednesday, the Jobs Report with unemployment rate data on Friday, and an expected final vote on the extension of the first-time homebuyer tax credit.

Recommendation: FLOAT

For information on purchasing or refinancing your home, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

The decision to float or lock your interest rate can save, or cost, you thousands of dollars in upfront fees. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Oct 27th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $100.66
+41 bps (Prior Close – $100.25)

Market Update: Mortgage Backed Security (MBS) pricing is higher today from yesterdays close. MBS prices are up after the announcement of a well-received auction of $44 Billion in 2-year Treasury Notes. With MBS prices moving higher today, Phoenix home mortgage interest rates move lower.

Economic News: Consumer Confidence came in worse than expected at 47.7 vs. 53.5 estimated by economists. The weak labor market is undoubtedly the cause for lower consumer confidence. Also in the news, the Senate could be voting as early as tonight to extend the $8,000 First Time Homebuyer tax credit. If this bill is passed, it will then go to the House on Thursday for approval.

Recommendation: FLOAT

For information on home loan refinancing or purchasing your home, contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

In order to receive the best home loan rates, knowing when to float or lock your interest rate is crucial. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Oct 26th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $100.50
-9 bps (Prior Close – $100.59)

Market Update: Mortgage Backed Security (MBS) pricing is lower today, as Bonds continue to follow through from Friday's weakness. The Fed’s $300 Billion Treasury buyback program comes to an end this Thursday. Without the Fed buying Treasuries, which provides demand for the massive supply hitting the market, rates will continue to move higher. This also causes home mortgage interest rates to move higher, as investors will demand a higher return for added risk to their investment dollar.

Economic News: There are no economic reports due to be released today, but later this week we'll have reports on housing, consumer confidence, economic growth, inflation and the job market. In addition, this will be another week of massive Treasury auctions.

Recommendation: LOCK

For information on home loan refinancing or purchasing your home contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

When getting a new mortgage on your home, it's critical to consider when to float or lock your interest rate. Our recommendation doesn't apply to all scenarios, so if you have questions about your home loan, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Oct 23rd, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $100.78
-19 bps (Prior Close – $100.59)

Market Update: Once again Mortgage Backed Security (MBS) pricing is lower today after yesterday's close. Selling pressure is weighing on the Bond market, as central banks indicate that inflation is coming and it may be time to begin global rate hikes. With all of the deficit spending, bail-outs, tax credits and government intervention the fear of inflation is growing everyday. This isn't going to be easy and may prove to be even more difficult than the economic recovery. Watch for continued chatter of rate hikes to put downward pressure on MBS prices. With MBS prices moving lower, home mortgage interest rates move higher.

Economic News: Today provided some encouraging news on the national housing front. Existing Home Sales came in better than expected, at 5.57M vs. the expectation of 5.35M. Inventory levels shrunk to a 7.8 month supply, down from a recent high of 10.1 in April. This is likely due to first time homebuyers who would have purchased in 2010 purchasing now, due to the expiring first time homebuyer tax credit. The $8,000 tax credit is set to expire on November 30th, 2009.

Recommendation: LOCK

For information on home loan refinancing or purchasing your home contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

When getting a new mortgage on your Phoenix home, it's critical to consider when to float or lock your interest rate. Our recommendation doesn't apply to everyone, so if you have questions, please contact us directly.

Phoenix Home Mortgage Interest Rate Update and Recommendation Oct 22nd, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $100.72
-9 bps (Prior Close – $100.81)

Market Update: Mortgage Backed Security (MBS) pricing is starting the day lower today after yesterday's close. Selling pressure was provided by the massive amount of debt being auctioned by the Treasury Department. The Treasury announced that it would auction $123 Billion in Treasury Bonds, made up of 2,5 and 7 year Notes, along with some 5 year TIPS (Treasury Inflation Protected Securities). This means our government needs to borrow $123B, and that just gets us through two weeks. These are without a doubt, unprecedented times. With MBS prices moving slightly lower, Phoenix home financing interest rates move higher.

Economic News: Initial Jobless Claims rose more than expected. In addition, the number of individuals continuing to receive unemployment benefits fell to the lowest level since March, but this is likely the result of current unemployment benefits expiring, without beneficiaries having been able to find jobs.

Recommendation: FLOAT

For information on home loan refinancing or purchasing your home contact The Krushinsky Team at 602-695-7575 or email david.krushinsky@wjbradley.com.

Phoenix Home Mortgage Interest Rate Update and Recommendation Oct 20th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.00
+21 bps (Prior Close – $100.79)

Market Update: Mortgage Backed Security (MBS) pricing is starting the day higher today after yesterday's close. Bonds pricing is up on the release of weaker housing numbers and tame wholesale inflation. With Bond prices moving slightly higher, home mortgage interest rates move lower.

Economic News: Housing Starts and Building Permits both came in under analysts expectations. Also in the news, the Producer Price Index, which measures wholesale inflation, unexpectedly fell due to a drop in energy prices. Oil and natural gas have had significant price increases lately, so we'll have to watch wholesale inflation closely.

Recommendation: FLOAT

For information on purchasing or refinancing your home loan contact The Krushinsky Team at 623-594-7600 or email david.krushinsky@wjbradley.com.

Phoenix Home Mortgage Interest Rate Update and Recommendation Oct 13th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.12
+22 bps (Prior Close – $100.90)

Market Update: Mortgage Backed Security (MBS) pricing is starting the day higher today after Friday's sharp decline. Bonds will look to take direction from the Stock market today, as there are no economic reports being released. With Bond prices moving slightly higher, home mortgage interest rates will move lower.

Economic News: There are no economic reports being released today.

Recommendation: FLOAT

For information on purchasing or refinancing your home loan contact The Krushinsky Team at 623-594-7600 or email david.krushinsky@wjbradley.com.

Phoenix Home Mortgage Interest Rate Update and Recommendation Oct 9th, 2009 - FLOAT or LOCK?

Current Pricing of FNMA 30 Year 4.5% Bond: $101.34
-47 bps (Prior Close – $101.81)

Market Update: Mortgage Backed Security (MBS) pricing is significantly lower today from yesterday's close. Our recommendation all week has been a locking-bias, as MBS have shown technical signs of being overbought. Yesterday's 30-year Treasury Bond auction was so poorly received, it has caused selling pressure to carry forward to today's trading. With Bond prices heading lower, this causes home mortgage interest rates to move higher.

Economic News: There is no economic news for release today. The Bond market will be closed Monday in observance of Columbus Day.

Recommendation: LOCK

For information on purchasing or refinancing your home loan contact The Krushinsky Team at 623-594-7600 or email david.krushinsky@wjbradley.com.