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Patrick Bodine's Blog


Waiting to lock(might not be your best option)
Updated Oct. 9, 2013
Home loan borrowing costs moved slightly higher today. This is the fourth consecutive session where loan pricing has worsened by a thin margin. Best-execution mortgage rates were once again unchanged.. Today was not only light on the type of economic data that can move markets, but also on the breaking news...
New Home Sales Lower
Updated Oct. 9, 2013
The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for January 2011.. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are...
Unfriendly Shift Potentially in Process for Rates
Updated Oct. 9, 2013
Home loan borrowing costs moved incrementally higher this week. There is reason to be concerned about this directional drift..... Although today's increased costs are not out of line with the rest of the week, the broader bond market is potentially undergoing a technical shift. It hasn't been noticeable...

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