September 2008 - Mortgage Rate Watch

Recent Polls

Should the FTHB Tax Credit be extended?

Created By: Glenn Setzer

Yes (75.4%)
No (24.6%)

Total Votes: 187
Discuss This Poll

Join to Vote

Recent Video

Barney Frank on Financial Regulation

Elizabeth Warren Says TARP Will Probably Make a Profit: Video

Posts | Comments

Sort by: Most Recent | Most Viewed | Most Commented

Receive Free Email Alerts
Stay up to date on breaking news and blog posts with our free News Alert Service.

Tuesday 9/30 ... Still waiting..

Comments (0)

by Matthew Graham on September 30 2008, 10:41 AM

Today brought us the release of a couple economic reports and just like other reports we have recieved over the last couple weeks, nobody cares. First, we had the release of the Chicago PMI which came in at 56.7. This is down slightly from last month

Read More
Monday 9/29 ... Still waiting on Rescue

Comments (0)

by Matthew Graham on September 29 2008, 9:16 AM

Big news over the weekend is the rescue plan seems to have support and will be voted on today. Until this important legislation is passed, it seems we will continue to run in place and rates will continue to move sideways. I prefer to use rescue plan

Read More
Friday 9/26 ... Uncertainty is still here...

Comments (0)

by Matthew Graham on September 26 2008, 10:10 AM

Well, investors still seem unsure of whether the government rescue plan will be passed. MBS' opened strong this morning but has given back some of the gains. We are still in a narrow trading range and will likely stay there until the government plan

Read More
Thursday 9/25 ... MBS' Open Strong on Weak Economic Reports ...

Comments (0)

by Matthew Graham on September 25 2008, 9:27 AM

Today brought us the release of a couple economic reports that have helped MBS to open strong, that is good news for rates. First, we had the release of the weekly jobless claims. Economists where expecting 450,000 but the number came is much worse at

Read More
Wednesday 9/24 ... Positive open..

Comments (0)

by Matthew Graham on September 24 2008, 11:18 AM

Today brings us the release of 1 economic report, existing home sales. Economists where expecting sales to drop from a 5 million yearly pace to 4.95 million, the number came in at 4.91 million. Traders appear not to care. The big news for today will be

Read More
Tuesday 9/23 ...Off the lows

Comments (0)

by Matthew Graham on September 23 2008, 9:33 AM

MBS have opened slightly higher today. There are no economic reports being released that will move the markets, so it appears that headlines and stocks will drive the trading. Big Ben Bernanke and Sec. Paulson will be on Capital Hill testifying on the

Read More
Monday 9/22 ... Bump in the Road...

Comments (0)

by Matthew Graham on September 22 2008, 10:54 AM

This week brings us the release of very few economic reports which have the ability to move the markets. Seems like the week will be driven by the headlines, mainly the government's plan to bring stability to the financial markets. As you might know

Read More
Friday 9/19 ... The roller coaster ride continues..

Comments (0)

by Matthew Graham on September 19 2008, 10:51 AM

Today brings the release of no economic reports. The big news of the day is Sec. Paulson giving more details of the government program to remove bad debts off of banks books. Before Sec. Paulson's press conference, mbs fell dramatically, but as he

Read More
Thursday 9/18 ... Another bumpy ride...

Comments (1)

by Matthew Graham on September 18 2008, 10:36 AM

Today brought us the release of 3 economic reports. First, weekly jobless claims came in higher then expected and the 4 week average remains very high, this is MBS positive. Next we had the release of the Philly Fed Index which came in higher then expected

Read More
Wednesday 9/17 ... AIG gets a loan...

Comments (0)

by Matthew Graham on September 17 2008, 10:19 AM

Insurance giant AIG was given a loan from the federal government to prevent them from filing bankruptcy. This appears to be an action that the government had to take as a failure with AIG would have had far reaching affects on the global economy. The

Read More
Tuesday 9/16 ... Inflation is moderating..

Comments (0)

by Matthew Graham on September 16 2008, 9:41 AM

This morning brought us the release of the consumer price index, which measures inflation at the consumer level. The numbers show that inflation is moderating as the fed has continually said this year. The overall CPI number came in at a -.1% drop versus

Read More
Monday 9/15 ... It's all Lehman

Comments (0)

by Matthew Graham on September 15 2008, 10:09 AM

Well, the Lehman saga is coming to a conclusion. They have filed for chapter 11 bankruptcy and in a flight to quality(where investors pull money out of equities and into the safe haven of fixed income), mortgage backed securities are back where they were

Read More
Friday 9/12 ... Key economic reports released...

Comments (0)

by Matthew Graham on September 12 2008, 10:30 AM

And nobody seems to care. This morning we had key economic reports released on inflation, retail sales and consumer sentiment. First the inflation reports, the headline producer price index came in well below economists expectations of -.5% drop to come

Read More
Thursday 9/11 ... Remember

Comments (0)

by Matthew Graham on September 11 2008, 9:55 AM

Take a moment today to remember the people whose lives were lost and whose lives where forever changed in the 9/11 attacks in 2001.... Today we had the release of several economic reports. First of all, the weekly jobless claims came in at 445,000 where

Read More
Wednesday 9/10 .... Uncertainty rules the day

Comments (0)

by Matthew Graham on September 10 2008, 9:58 AM

After a huge rally Monday, our MBS' are giving back some of their gains. For a technical analysis of this, click on the professional blog above. In easy to understand terms, and in the light of baseball playoffs being right around the corner, MBS

Read More

1 2 Next >

30 Yr FRM	4.98%	-0.05%
15 Yr FRM	4.40%	-0.06%
1 Yr ARM	4.47%	-0.10%
5/1 Yr ARM	4.35%	-0.07%
30 YR Tres	4.40%	-0.01%
Fed Prime	3.25%	0.00%
View: Rates \| Charts Blogs: MBS Commentary \| Rate Watch

Site Tools

Recent Polls

Should the FTHB Tax Credit be extended?

Recent Video