Greenspan's Mortgage Blog

"A lot of hype on Wall Street is pushing Mortgage Bonds lower for the third consecutive day, during which time prices lost over 100 basis points before reaching a dual layer of support.

In the news, the Consumer Price Index--which measures inflation--came in slightly higher than expected for July. Bond prices have moved lower on the headlines. Also pressuring Bond prices this morning are the rising Stock prices after Intel's stronger-than-expected earnings as well as the New York State Manufacturing Index, which came in at its best level in a year.

Short term not good for mortgage rates, but deflation is still the bigger concern than inflation.  Speculators trying to grab on to anything to rally the market. 

Now is a great time to buy the house of your dreams with low prices and historicaly low rates wikth up to $8,000 tax credit.

Currently, Mortgage Bonds are hovering above a dual layer of support at both the 25- and 200-Day Moving Averages."

Dont miss this once in a lifetime opportunity

Joseph Greenspan

First Fidelity Home Mortgage of Wisconsin, LLC

Call Now 262-650-9890