We will start the day carefully floating as prices are off their worst levels, but be ready to lock. The 25-day moving average resistance level has halted the mortgage bond’s gains over the past week. On a positive note, the a layer of support has helped Bonds remain near current levels. But get ready – [...]

The Obama Administration’s Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. A major portion of the Making Home Affordable initiative includes Fannie Mae’s DU Refi Plus & Freddie Mac’s Relief Refinance (Open Access) program which allows borrowers who are current on their existing mortgage [...]