The first serious countertrend rally in the housing and mortgage markets is under way since the downturn began in the summer of 2005, thanks to the collapse in bond yields and mortgage rates. Refi activity has picked up as borrowers switch from ARMs to fixed rates, with the spread between 30 year fixed and one year ARM rates having dropped to a mere 19 basis points on new ARMs. Click here to download complete report in pdf format (Professional Edition Subscribers).
Try the Professional Edition risk free for thirty days. Unbundled subscription service packages starting from as low as $39! Click here for more information.