Learn. Share. Connect. (52,292 Members)  - Join

Browse by Tags

Site Tools

Join Now or Sign In
for Full Access to All Features
Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.30% 0.01%
Fed Prime 3.25% 0.00%

Recent Polls

Do you expect the home buyer tax credit extension to contribute to a noticeable pick up in loan production?

Created By: Adam Quinones
  • Yes, I anticipate an increase in activity (26.6%)
  • Only a modest upturn in production (44.5%)
  • Nope. 2009 demand stole from 2010 demand (28.9%)
  • Mortgage Rates Back in the Range After Bad Day for Bonds

    Mortgage rates rose yesterday after a better than expected advance read on third quarter GDP sent benchmark yields higher early in the trading session. Making matters worse for the fixed income sector was a recovery rally in stocks and a 1pm Treasury auction. As explained in previous posts, added supply of Treasury debt can have negative effects on yields as traders look for any reason to force rates higher in an effort to earn greater returns. Its the old econ 101 principle: if supply is greater than demand, then prices must fall enough to entice demand. Well...when Treasury prices fall, yields rise, and so do mortgage rates. Yesterday the deck was stacked against the rates market...better than expected econ data, a Treasury auction, and rallying stocks! That's why mortgage rates moved higher.......
  • Rates Remain Range Bound into Quarter End

    Mortgage rates were were unchanged for the most part yesterday as prices of mortgage-backed securities held to their recent range. Following Monday’s light volume trading session which pushed MBS prices to levels not seen in months, trading volume picked up yesterday and MBS were able to hold onto the gains. Today is the final day of the third quarter, so we will be more optimistic if the topside breakout holds when the fourth quarter begins tomorrow. ...