Rate Direction

By Curtis Schartz, CMPS

Aug

26

Interest Rates in Overland Park and Lees Summit have been improving over the last week. The Bond auctions are going farely well thus far this week. However Mortgage Backed Securities are up against a tough layer of resistance. This could keep rates from moving much lower in the  near term. If you haven’t refinanced yet now is an opportune time to get locked in on a no cost refinance and take advantage of these low rates. Contact Curtis Schartz your Certified Mortgage Planner to find out about refinancing your home.

The Rally Coninues

By Curtis Schartz, CMPS

Aug

14

Lower interest Rates for the Kansas City, Overland Park, Shawnee and Lees Summit Market Continue. Mortgage Backed Securities rallied again today to test resistance at the 200 day moving average. By the end of the day Mortgage Backed securities were pushed back lower, yet ended the day in the positive. Rates have improved over the last week by approximately .25%. We are in a target zone for many people who have not refinanced yet to be able to take advantage of low rates. Call Curtis Schartz your Certified Mortgage Planner today to save the most on a no cost refinance. ARM rates continue to stay consistently lower. Some rates are in the 4.25% range. Call me to see if this fits into your Mortgage Plan.

Auction Results are in.

By Curtis Schartz, CMPS

Aug

13

Today’s interest rates for the Kansas City and Lees Summit Market are moving lower. There was a strong foreign participation in today’s 30 yr bond auction. With the well received auction Mortgage Backed Securities have rallied back today. Currently we have a floating bias as the Mortgage Backed Securities test resistance at the 25 day moving average. All in all this is good news for marginally lower rates. With all of the auctions over for the next couple of weeks we could see rates move a little lower. Stay tuned in this volatile market. The tide can change quickly. As your Certified Mortgage Planner with Pulaski Bank I will keep a watch on it for you.

Thanks – Curtis Schartz

Market Volatility today

By Curtis Schartz, CMPS

Aug

5

As your Certified Mortgage Planner in Lees Summit and Overland Park I am here to help guide you through the turbulent Mortgage Market and help you to get the best interest rate. Today Mortgage Backed Securities are moving with great volatility. They have already traded in an 82 basis point range. Current direction for rates is lower attempting to stabilize. Today the ADP employment report missed the mark to the low side fueling the volatility and helping bonds to rebound from the lows of the day. Additionally the ISM services index also came in worse then expected helping to support an improvement in bonds. The economy and job scene is not out of the woods yet. Poor economic news will cause the bonds markets to rise which leads to lower interest rates. The opposite is also true – positive economic news will cause bonds to fall and lead to higher interest rates.