Juicy Estates: Mortgage Blog

Case Shiller “Less Worse”…Rates On The Move

The S&P/Case Shiller home price index decreased less than expected signaling a bottom in housing market.  This “less worse” news has pushed Treasury and Mortgage Backed Securities prices lower and yields higher.

As the housing market and economy recover expect mortgage rates to move up.  If buying or refinancing are in your future then perhaps sooner is better than later.

See the full story from Bloomberg here.

This entry was posted on Tuesday, June 30th, 2009 at 9:02 am and is filed under Home, Interest Rate Updates, Mortgage News. 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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