Mortgage Rate Watch

Mortgage Rate Watchhttp://www.mortgagenewsdaily.com/consumer_rates/Mortgage Rates Predictions and AnalysisenCommunityServer 2008 SP2 (Build: 31106.96)Mortgage Rates Jump Back To Recent Highs, More Volatility Aheadhttp://www.mortgagenewsdaily.com/consumer_rates/309217.aspxFri, 17 May 2013 19:51:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:309217Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=309217http://www.mortgagenewsdaily.com/consumer_rates/309217.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a><span> </span><strong>moved higher at their fastest pace in two weeks</strong><strong>,</strong><span> after having their best day in more than 6 weeks just yesterday.  The net effect for rates is not good, leaving them at their highest levels of the week and very close to 2013 highs seen in early March.  While 3.625% remains as the </span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span> rate for conventional, 30yr fixed loans, the costs associated with that rate (or whatever rate you're considering) are as high as they've been all week.  Further increases from here start to shift the balance toward 3.75%.</span></p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/309217.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/309217/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=309217" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Move Convincingly Lowerhttp://www.mortgagenewsdaily.com/consumer_rates/309025.aspxThu, 16 May 2013 20:15:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:309025Matthew Graham1http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=309025http://www.mortgagenewsdaily.com/consumer_rates/309025.aspx#comments<p> <p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>moved </strong><strong>lower at their fastest pace in 6 weeks </strong><strong>today,</strong> erasing most of the losses seen so far this week.  Not all lenders have adjusted pricing at the same pace, however, and <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a> is still 3.625% for conventional, 30yr fixed loans.  That means today's improvements came in the form of lower borrowing costs or increased lender credit, depending on the scenario.  </p> <p>Today's improvements were potentially important in the bigger picture.  We began talking about this yesterday, saying that:</p> </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/309025.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/309025/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=309025" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Unchanged To Slightly Higherhttp://www.mortgagenewsdaily.com/consumer_rates/308827.aspxWed, 15 May 2013 20:51:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:308827Matthew Graham1http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=308827http://www.mortgagenewsdaily.com/consumer_rates/308827.aspx#comments<p><a style="font-size: 10px;" href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a><span style="font-size: 10px;"> </span><strong>had a good day,</strong><span style="font-size: 10px;"> despite the fact that the day-over-day change from yesterday is flat to slightly higher.  Part of the reason for the higher average rate (by .01%) today has to do with late day negative reprices yesterday that weren't yet reflected in our daily marks.  This helps the </span><a style="font-size: 10px;" href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span style="font-size: 10px;"> rate for conventional, 30yr fixed loans, stay in it's 3.625% zone.  Lower rates continue to be viable options in some scenarios, but are increasingly costly, moving lower from 3.625%.  </span></p> <p>Bond markets, including MBS (the 'mortgage-backed-securities' that most directly affect mortgage rates), have been on the back foot all month, with the latter making a new low every single day since May 1 (when MBS move lower, rates move higher).  Today's trading had the redeeming quality of NOT making a new low.  We can't conclude anything from 1 session, but it does at least introduce the possibility that we're digging in at recent highs to make a range between now and next week's FOMC Minutes.  This would look more likely if we see a repeat performance tomorrow.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308827.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/308827/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308827" width="1" height="1">Mortgage Rates Continue Barreling Toward 2013 Highshttp://www.mortgagenewsdaily.com/consumer_rates/308625.aspxTue, 14 May 2013 20:20:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:308625Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=308625http://www.mortgagenewsdaily.com/consumer_rates/308625.aspx#comments<p> <p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>began the day in promising shape,</strong> but lost their composure early and often.  Despite several lenders releasing their initial rate sheets today in line with yesterday's, the afternoon brought 1-3 rounds of new rate sheets with costs significantly increased from morning offerings.  The <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a> rate for conventional, 30yr fixed loans has already moved most of the way through 3.625% and some lenders are edging into 3.75% territory.</p> <p>Today's losses weren't a factor of any economic reports in the US (or abroad, for that matter), yet markets moved with determination.  All of the more granular contributors are operating in the shadow of the FOMC issues we <a href="http://www.mortgagenewsdaily.com/consumer_rates/308435.aspx">discussed yesterday</a>.  Today was additionally frustrating as the granular factors were particularly hard to find, having lots to do with European debt announcements, ratings, and other esoteric trading considerations that don't make for easy explanations on the evening news.  </p> </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308625.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/308625/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308625" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates At 8 Week Highshttp://www.mortgagenewsdaily.com/consumer_rates/308435.aspxMon, 13 May 2013 20:01:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:308435Matthew Graham2http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=308435http://www.mortgagenewsdaily.com/consumer_rates/308435.aspx#comments<p> <p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>continued higher to begin the week,</strong> carrying some momentum from Friday's rapid move higher and taking new cues from a stronger-than-expected Retail Sales report this morning.  Rates were already at their worst levels in over a month last week, but today's losses mean we'd have to go back to March 22nd to see similar rate sheets.  The <a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a> rate for conventional, 30yr fixed loans is now well into 3.625%, though lower rates remain available for additional costs.</p> <p><span>With the exception of early March, today's average rates are right in line with the highest of the past 12 months.  This morning's Retail Sales report was only a small contributor to that.  The most significant event of the past 2 weeks continues to be the Employment Situation Report on May 3rd, which marked a turning point for rates, one day after hitting 2013 lows.  We've exploded higher since then and are now seeing uncertainty about Fed policy thrown in the mix.  </span></p> </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308435.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/308435/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308435" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastWhy Did Mortgage Rates Spike Quickly To One-Month Highs?http://www.mortgagenewsdaily.com/consumer_rates/308248.aspxFri, 10 May 2013 23:00:53 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:308248Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=308248http://www.mortgagenewsdaily.com/consumer_rates/308248.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <b>rocketed higher precipitously today,</b> taking them to their highest levels since April 2nd.  The move was all the more confounding as it happened on a day with no significant headlines or data releases--at least not the caliber of information that normally motivates such violent swings.  When the dust settled, borrowing costs at the 3.5% <span>'</span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span>' were up anywhere from 0.4 to 1.2% depending on the scenario (this is equivalent to $400-$1200 in closing costs or lender credit for every $100k financed).  It was also enough of a move to bring<b> 3.625% back into picture</b> and as a viable best-execution contender.  The differences between those two rates are minimal in terms of efficiency, and in most cases, the choice amounts to a trade off between up front cost and monthly payment.</span></p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308248.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/308248/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308248" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Flat For Second Straight Dayhttp://www.mortgagenewsdaily.com/consumer_rates/308035.aspxThu, 09 May 2013 20:39:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:308035Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=308035http://www.mortgagenewsdaily.com/consumer_rates/308035.aspx#comments<p style="color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff;"><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>ended the day in line with yesterday's levels</strong> on average, making this the second straight day with unchanged rates and unchanged borrowing costs associated with those rates.  While it's not uncommon for the '<a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a>' rate to remain unchanged for extended periods, it's less common for the COST side of the equation to remain unchanged.  Best-execution has been at 3.5% this week after brief stay at 3.375% heading into last week's jobs report.</p> <p>Markets had their most volatile day of the week as the stronger-than-expected Jobless Claims data caused problems for bond markets early in the session.  Stronger statements on the economy tend to put upward pressure on rates, all things being equal.  Of course,</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/308035.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/308035/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=308035" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Hold Steady, Ending Four Day Losing Streakhttp://www.mortgagenewsdaily.com/consumer_rates/307789.aspxWed, 08 May 2013 19:03:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:307789Matthew Graham1http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=307789http://www.mortgagenewsdaily.com/consumer_rates/307789.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>were almost perfectly flat today,</strong> ending a 4 day trend higher, for now.  That trend began on Thursday and of course saw it's biggest surge after Friday's Job's report.  Rates continued drifting higher to start the current week, but at a lessened pace.  The drift leveled off today after bond markets hit their weakest levels earlier this morning.  Naturally, <span>Conventional 30yr Fixed '</span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a><span>' remains at 3.5%, and with no change to average borrowing costs. </span></p> <p>If there's an ideal time of day for bond markets to experience weakness, it's the early morning--at least as far as mortgage rates are concerned.  The mortgage-backed-securities that most directly affect rates (MBS), start trading in the 7am hour and more actively by 8am.  It's not until 9:30am that the earlier rate sheets of the day are generated by mortgage lenders, thus leaving at least an hour and a half of time for bond markets to work the kinks out before any early morning weakness is <strong>passed on to consumers in the form of higher rates</strong>.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307789.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/307789/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307789" width="1" height="1">Mortgage Rates Continue Steady Drift Higher http://www.mortgagenewsdaily.com/consumer_rates/307626.aspxTue, 07 May 2013 20:38:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:307626Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=307626http://www.mortgagenewsdaily.com/consumer_rates/307626.aspx#comments<p> </p> <p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>rose again today,</strong> continuing the steady move higher seen yesterday.  In the bigger picture, Friday's jobs report did the most severe damage, taking rates much higher on that single day than yesterday and today combined.  Without any meaningful data to motivate movement, bond markets (which include the mortgage-backed-securities or MBS that directly influence rates) have been adrift so far this week--continuing to trade defensively--still rattled by Friday's move.</p> <p>Conventional 30yr Fixed '<a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a>' remains at 3.5% today, which is an eighth higher than the 3.375% achieved last week.  That means that the actual <strong>interest rate</strong> quote you'd receive (or have received) isn't likely to have changed today, but the costs involved with obtaining that rate moved higher for most lenders.  Depending on your scenario, this could mean increased closing costs or a decreased amount of lender credit.</p> <p> </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307626.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/307626/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307626" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Higher In a More Orderly Fashion to Begin The Weekhttp://www.mortgagenewsdaily.com/consumer_rates/307436.aspxMon, 06 May 2013 18:45:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:307436Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=307436http://www.mortgagenewsdaily.com/consumer_rates/307436.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>moved gently higher today</strong> compared to Friday's  calamitous surge higher, which was among the 5 worst days for rates of the past two years.  Though the movement was extreme, it followed nearly 8 weeks of improvement that had taken rates to their 2013 lows last Wednesday.  And while that's no major consolation to those hoping for lower rates, Conventional 30yr Fixed '<a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best-execution</a>' only <b>moved up from 3.375% to 3.5%</b>.  Earlier in 2013 it briefly went as high as 3.75%, but had been most frequently at 3.625%.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307436.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/307436/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307436" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Jump Higher Following Employment Reporthttp://www.mortgagenewsdaily.com/consumer_rates/307242.aspxFri, 03 May 2013 20:03:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:307242Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=307242http://www.mortgagenewsdaily.com/consumer_rates/307242.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>shot higher</strong> at their fastest pace in two months after this morning's hotly anticipated <strong>Employment Situation Report</strong> showed that job creation in April was better than expected.  Stronger economic data tends to cause longer term interest rates to move higher.  In addition to April's relative strength, the report also revised March's abysmal job creation of 88k payrolls up to more palatable 138k.  This likely exacerbated the resulting weakness in bond markets as the March numbers (released on April 5th) were a big factor in the past month of improvements in mortgage rates.  The average  conventional 30yr Fixed rate for an ideal scenario had been edging down to 3.375%, and while that remains viable today, the average once again centers on 3.5%.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307242.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/307242/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307242" width="1" height="1">Mortgage Rates Ease Off The Throttle Ahead of Jobs Reporthttp://www.mortgagenewsdaily.com/consumer_rates/307034.aspxThu, 02 May 2013 19:16:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:307034Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=307034http://www.mortgagenewsdaily.com/consumer_rates/307034.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>broke a 4 day winning streak today,</strong> moving moderately higher after hitting 2013 lows yesterday.  For many, the difference will be immaterial as today's average rate is the second lowest of 2013.  In fact, any of the days in this week have been at least slightly better than any other day in 2013.  Conventional 30yr Fixed rates are moving between 3.5% and 3.375% with the latter gaining a significant amount of traction in the past two days.  Lower rates are available, and the costs associated with buying down to those rates have been decreasing.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/307034.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/307034/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=307034" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Improve Following Employment Data And FOMChttp://www.mortgagenewsdaily.com/consumer_rates/306840.aspxWed, 01 May 2013 20:02:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:306840Matthew Graham1http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=306840http://www.mortgagenewsdaily.com/consumer_rates/306840.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>kept falling today,</strong> further extending the run into the lowest rates of 2013, but not quite in all-time low territory yet.  Much of today's improvement was a factor of the morning's employment data from ADP--seen as forward indicator of Friday's official Employment Situation Report.  Bond markets, including the mortgage-backed-securities (MBS) that underpin mortgage rates, began improving at a solid pace well before rate sheets came out.  The remaining economic data either "didn't hurt" or flat-out helped rates keep dropping ahead of the day's main event, The FOMC Announcement.</p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/306840.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/306840/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=306840" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Continue Tip-Toeing Into 2013 Lowshttp://www.mortgagenewsdaily.com/consumer_rates/306613.aspxTue, 30 Apr 2013 18:36:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:306613Matthew Graham0http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=306613http://www.mortgagenewsdaily.com/consumer_rates/306613.aspx#comments<p> <p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>extended their run into 2013 lows today,</strong> but only by small margins.  The movement is essentially similar to yesterday's and further supports the case for a shift from 3.5% to 3.375% for the <span>Conventional, 30yr Fixed </span><a href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx" target="_self">best execution</a><span> rate.  The borrowing costs associated with 3.5% are at their 2013 lows while those associated with 3.375% aren't quite back to early January levels.</span></p> <p><span>That means that that the lowest rates are the slowest to "feel the love" from the interest rate rally since topping out in mid March.  This is normal behavior in the mortgage rate world where there's not simply a "going rate," but always several adjacent rates with corresponding costs associated.  That said, the shift between 3.375% and 3.5% has more to do with the <b>DIFFERENCE in costs</b> between those two rates, and the fact that current buy-down costs may make sense for an increasing amount of borrowers. </span></p> </p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/306613.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/306613/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=306613" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecastMortgage Rates Modestly Improve on 2013 Lowshttp://www.mortgagenewsdaily.com/consumer_rates/306412.aspxMon, 29 Apr 2013 19:26:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:306412Matthew Graham1http://www.mortgagenewsdaily.com/channels/consumer_rates/rsscomments.aspx?PostID=306412http://www.mortgagenewsdaily.com/consumer_rates/306412.aspx#comments<p><a href="http://www.mortgagenewsdaily.com/mortgage_rates/">Mortgage rates</a> <strong>continued lower today,</strong> after officially hitting the lowest levels of the year on Friday.  Bond markets including MBS (the "mortgage-backed-securities" that most directly affect mortgage rates) generally held steady despite advancing stock prices.  More specifically, MBS actually did a better job holding their ground than 10yr US Treasuries, which tend to move in the same direction.  Whereas Treasuries are just slightly weaker than Friday's latest levels, MBS are slightly stronger.  This allowed lenders to adjust rate sheets further into the year's best territory with 3.375% now becoming a contender for the Conventional, 30yr Fixed <a target="_self" href="http://www.mortgagenewsdaily.com/consumer_rates/259880.aspx">best execution</a><span> rate, which has been at 3.5% after topping out at 3.625% - 3.75% earlier this year.</span></p>...(<a href="http://www.mortgagenewsdaily.com/consumer_rates/306412.aspx">read more</a>)<p><div style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"><strong>Forward this article via email:</strong>  <a href="http://www.mortgagenewsdaily.com/channels/306412/3/forward.aspx" style="color:#3333CC;">Send a copy of this story</a> to someone you know that may want to read it.</div></p><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=306412" width="1" height="1">mortgage ratesmortgage rate forecastlifetime lowsall-time lowsmortgage rate commentarydaily mortgage rate forecast