I’m not sure I’d follow that this week. With only four reports coming out this week, backed securities (what mortgage rates are based on) could be heavily influenced by other technical factors. Last week, the direction of the stock market made things easy to predict. It’s Going to be a Quiet News Week. My clients always get the advice first, so I’ll try to filter I’ll be following things as they happen with live bond quotes and do what I can to keep everyone informed through Twitter. Many people dream of owning their own homes but only very few are able to pay cash for them. This is why FHA mortgages are one of the popular methods to find a source for consumer credit. People who could not otherwise afford to own a house become homeowners with the help of FHA mortgage insurance programs.
