The pending home sales figures were released at 7AM this morning and are usually not a big mover of markets. Pending sales were up slightly at .6% month over month, but down 18.4% year over year. In other gloomy news, the National Association of Realtors only expects sales to increase by .5% in 2008...
Posted to
MBS Commentary
by
Matthew Graham
on
Mon, Dec 10 2007
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Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, float, housing starts, interest rates, lock, market commentary, mortgage rates, mortgage-backed-securities, rates, reprice, stock market
The much-anticipated jobs report was released this morning. Estimates called for anywhere for anywhere from 65,000 - 90,000 new jobs to be added. The report slightly exceeded expectations coming in at 96,000. However, this was a downward movement from the previous month. In addition, consumer sentiment...
Posted to
MBS Commentary
by
Matthew Graham
on
Fri, Dec 7 2007
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Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, float, housing starts, interest rates, lock, market commentary, mortgage rates, mortgage-backed-securities, rates, reprice, stock market
30 YEAR FIXED NOTE RATE 5.5% LOCK RECOMMENDATIONS - LESS THAN 2 WEEK CLOSING ................ LOCK - 2-4 WEEK CLOSINGS. ............... FLOAT - 4+ WEEK CLOSING ................ FLOAT - CONSERVATIVE CAVEAT ................ RATES ARE AT THE
BOTTOM OF TRADING RANGE. CONVENTIONAL WISDOM BASED ON TECHNICAL...
Posted to
MBS Commentary
by
Matthew Graham
on
Thu, Dec 6 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, float, housing starts, interest rates, lock, market commentary, mortgage rates, mortgage-backed-securities, rates, reprice, stock market
30 YEAR FIXED NOTE RATE 5.5% LOCK RECOMMENDATIONS - LESS THAN 2 WEEK CLOSING ................ FLOAT - 2-4 WEEK CLOSINGS. ............... FLOAT - 4+ WEEK CLOSING ................ FLOAT - CONSERVATIVE CAVEAT ................ RATES ARE AT THE BOTTOM OF TRADING RANGE. CONVENTIONAL WISDOM BASED ON TECHNICAL...
Posted to
MBS Commentary
by
Matthew Graham
on
Wed, Dec 5 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, float, housing starts, interest rates, lock, market commentary, mortgage rates, mortgage-backed-securities, rates, reprice, stock market
30 YEAR FIXED NOTE RATE = 5.5% LOCK RECOMMENDATION: < ONE WEEK = LOCK > ONE WEEK AGGRESSIVE = FLOAT > ONE WEEK MODERATE = FLOAT > ONE WEEK CONSERVATIVE = LOCK The Institute for Supply Management released it's index this morning. Though the 50.8 reading was a small amount higher than expected...
Posted to
MBS Commentary
by
Matthew Graham
on
Mon, Dec 3 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, float, interest rates, lock, market commentary, mortgage rates, mortgage-backed-securities, rates, reprice, stock market