| Apr 22, 2011 11:07AM Mortgage rates are unchanged today as bond markets are closed for Good Friday. Yesterday, wewrote that loan pricing was in a holding pattern until next week when the market faces a high-risk event, a Federal Reserve meeting. We expect this event to better dictate the direction of mortgage rates in the short-term. "Holding pattern" doesn't necessarily provide an accurate bias regarding locking or floating as it would tend to suggest some sort of 50/50 scenario with equal chances of rates moving higher... Apr 22, 2011 9:40AM For anyone out there who thinks the mortgage biz in the US has become confusing, spend 15 seconds scrolling down this story on establishing the mortgage business in Saudi Arabia. "The Saudi government target is for 80 percent home ownership by Saudi citizens by the year 2024..." Sound familiar? SaudiMortgageProposals MetLife Home Loans has recently been increasing its market share, especially in the wholesale channel, so yesterday's announcement that it was "consolidating" its fulfillment centers...
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