If you are a mortgage broker or real estate agent or homeowner who wants to be knowledgeable about their home investment, then you’ve probably seen the movie or read the book, The Big Short. A movie that details what happened when the housing bubble of 2008 burst, and Mortgage Backed Securities (MBS) fell to pieces. MBS can be complicated and confusing, and they have recently gotten a bad rap due to this movie giving the public awareness, a behind the scenes explanation of what happened. However, they are essential for banks to have in order to be able to give more people mortgages. Since the crash, the quality of MBS has gotten stronger and are a strong asset to be in. If you listen to NPR or watch the news you will see a stock market update and you’ll hear “S&P MBS” has been up recently.
Another groundbreaking way to keep up to date is to check us out at Market Alert. Founded in 1992, we have proven our experience with forecasting interest and mortgage rates using our proprietary algorithms which predict market cycles. Market Alert gives you the knowledge you need to asses the market and make valuable decisions for yourself or your company. Mortgages and banking is risky, but with our TrueCast system, you can trust our software with our real time market data. We combine past history and our scientific algorithms and over 20 years experience to forecast market trends and give you the information you need, as you need it and where you need it.
MBS were shaky at one point, but with more and more people buying MBS, they are becoming stronger and stronger. Putting your trust in us at Market Alert, together with the gaining strength of MBS, you can be confident in buying a mortgage.