Mortgage Rate Watch - All Comments

re: Mortgage Rates Move Convincingly Lower

Philip Wade — Fri, 17 May 2013 05:42:44 GMT

Give more details about this blog for subscribe. Thanks for this blog. http://toptipsforsellingrealestate.com

re: Mortgage Rates Unchanged To Slightly Higher

Philip Wade — Thu, 16 May 2013 05:20:04 GMT

I always gets correct and complete information from this blog. I really appreciate the research and hard work done on this. http://toptipsforsellingrealestate.com

re: Mortgage Rates At 8 Week Highs

Matthew Graham — Wed, 15 May 2013 00:08:59 GMT

Sorry about that, and thank you for the feedback/question. I think I was probably reaching too far to convey a complicated point with limited space. At the risk of continuing to do so, I'll try anyway. Here goes...

Any reference to defensiveness/weakness will almost always be from the persona of "rates" where "weak" = higher. "Defensive" = guarding against quick moves in rates by quickly getting into the position that makes for the least amount of damage if you're wrong. In the mortgage rate world, this usually means going quickly higher and easing back down if the fear proves unfounded, but can also work the other way where rates improve faster than usual (as they did in the lead up to the most recent jobs report on 5/3).

The cause for defensiveness in this case is the uncertainty about next week's Fed minutes and the possibility they might actually allude to the tapering of QE. Market participants are divided on this notion. Some think the Fed isn't going anywhere in any capacity until 2014, while others think asset purchases could be tapered a few meetings from now and that the Fed might say they're mulling the idea currently.

While that uncertainty can go either way, the more defensive move is higher in rates, waiting for the reality to either confirm they're about as high as they should be, or for the Fed to say nothing of tapering, thus allowing rates to drift back down. Before this, rates had moved defensively lower to guard against a crappy jobs report that never showed up on 5/3.

In the process of snapping back higher from that defensiveness (seen most clearly last Friday), the uncertainty about Fed tapering was added into the mix. The uncertainty is about whether or not the Fed gets more serious about tapering. If they do, it's bad for rates ("higher"), if they don't, it's status quo ("flat"). Problem is that the status quo is a bit of a moving target after the recent run to 2013 lows.

We're probably past the middle of the status quo range, but when you combine the task of defining that range with the task of defending against what the fed might say next week, the bigger risks are moves higher in rate. This was more true on the day of that article (Monday), and though we can't be sure it's no longer true, it's at least mitigated by the fact that we moved even higher today (Tuesday).

I guess you could say defensiveness adds momentum in either direction, and the prevailing momentum was a volatile move higher in rate. Hopefully we're getting close to the limits of that exploration, but we can't rule anything out.

re: Mortgage Rates At 8 Week Highs

lawrence rosen — Tue, 14 May 2013 16:20:21 GMT

I follow your commentary as part of my Academy of Finance club special project. The terminology is hard to follow. You describe the current week as "potentially erring on the side of defensiveness/weakness". In this context, what does defensiveness imply in terms of rate movement - up or down? Also, does uncertainty about Fed policy and the volatility that comes from that typically translate into movement one way or another? Or does that depend on the general state/trend of bond prices or mortgage backed securities?

re: Mortgage Rates Hold Steady, Ending Four Day Losing Streak

Philip Wade — Thu, 09 May 2013 04:33:00 GMT

This is a good news. I really appreciate the research done to put forth the details. http://toptipsforsellingrealestate.com

re: Mortgage Rates Improve Following Employment Data And FOMC

Philip Wade — Thu, 02 May 2013 05:36:36 GMT

I like this article and great blog comparing to other one's , I like to subscribe this blog. Thanks and best luck for future. http://toptipsforsellingrealestate.com

re: Mortgage Rates Modestly Improve on 2013 Lows

Philip Wade — Tue, 30 Apr 2013 04:17:41 GMT

Thank you for the information. i really appreciate the hard work and research done to publish this article. http://toptipsforsellingrealestate.com

re: Mortgage Rates Almost Perfectly Flat For Eight Consecutive Days

Philip Wade — Fri, 26 Apr 2013 04:46:04 GMT

It is the most awaiting news regarding flat rates. I really appreciate the research done for this. http://toptipsforsellingrealestate.com

re: Mortgage Rates Continue Hovering Around Recent Lows, Slightly Higher Today

Philip Wade — Thu, 25 Apr 2013 05:04:50 GMT

A best blog to have visit daily the informative stuff it has is very useful in our future planning. http://toptipsforsellingrealestate.com

re: Mortgage Rates Steady Near 3 Month Lows

Philip Wade — Tue, 23 Apr 2013 05:36:51 GMT

The news is great for new investor. I am constantly following the blog for more details in future. http://toptipsforsellingrealestate.com

re: Mortgage Rates Move Sharply Lower Following Fed Minutes

Willim Phelf — Sun, 21 Apr 2013 11:09:17 GMT

Rates have definitely helped keep real estate afloat. However, the real problems are unemployment, uncertainty, confidence in the economy, and tight mortgage lending standards. http://www.reversemortgagelendersdirect.com/reverse-mortgages-pros-and-cons/ http://www.reversemortgagelendersdirect.com/reverse-mortgage-calculator/ http://www.reversemortgagelendersdirect.com/hecm-reverse-mortgage/ http://www.reversemortgagelendersdirect.com/reverse-mortgage-rates/

re: Mortgage Rates Drift Down To One Month Lows

JHON PAKER — Fri, 19 Apr 2013 11:55:03 GMT

The interest rates and fees are all determined based upon home value and what loan you decide to go with. I know a lender that is very competitive in regards to rates and fees. http://www.reversemortgagelendersdirect.com/reverse-mortgages-pros-and-cons/ http://www.reversemortgagelendersdirect.com/reverse-mortgage-calculator/ http://www.reversemortgagelendersdirect.com/hecm-reverse-mortgage/

re: Mortgage Rates Vary By Lender, But Unchanged On Average

Philip Wade — Fri, 19 Apr 2013 05:56:51 GMT

Excellent blog to all of us,this blog really good information for the future.Thanks http://toptipsforsellingrealestate.com

re: Mortgage Rates Rise Following Employment Situation Report

Willim Care — Thu, 18 Apr 2013 07:13:58 GMT

The interest rates and fees are all determined based upon home value and what loan you decide to go with. I know a lender that is very competitive in regards to rates and fees. http://www.reversemortgagelendersdirect.com/reverse-mortgage-calculator/ http://www.reversemortgagelendersdirect.com/reverse-mortgage-rates/ http://www.reversemortgagelendersdirect.com/how-does-a-reverse-mortgage-work/

re: Mortgage Rates Show Resolve To Remain In Recently Lower Range

Philip Wade — Thu, 18 Apr 2013 05:03:43 GMT

Very good articles and I am also interested in this sectors,please give some more details. http://toptipsforsellingrealestate.com