und die REFI Party geht weiter...

verfasst von CRASH_GURU, 24.03.2004, 16:04

-->The Mortgage Bankers refinancing index held onto the prior week's dramatic gains, rising 0.1 percent to 4,988.7 in the March 19 week. The index soared 40 percent in the March 12 week, strongly indicating that low mortgage rates have now triggered a rush of refinancing similar to last year.

Thirty-year mortgage rates have averaged 5.38 percent in the week, the lowest level since the historic lows nine months ago. High levels of refinancing lower homeowner costs, a big plus for long-term consumer health. But they also pose the risk of mild dislocation in the bond market, as prepayments on mortgage-backed securities jostle investment positions.

The purchase index, an indication of demand to buy homes, slipped 0.8 percent in the week to 448.9. The index has held in a tight but strong range for nearly a year, indicating solid demand for homes.

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• und die REFI Party geht weiter... - CRASH_GURU, 24.03.2004, 16:04