Mortgage rates dodged a bullet yesterday. As you know mortgage rates have basically mirrored the movements of the stock markets recently. As stocks rallied, loan pricing worsened and mortgage rates rose. As stocks sold, loan pricing improved and mortgage rates fell. This relationship has dictated the...
Mortgage rates yesterday ended a rally streak that brought consumer borrowing costs back down toward their best levels of 2010. Almost erasing all the losses experienced before and after the Federal Reserve exited the secondary mortgage market. After the steady recovery run seen in MBS over the last...
All I can say about yesterday is that it was an UGLY UUUGLY day for interest rate watchers. Mortgage rates were pressured higher right out of the gate following a warmer than expected read on producer level price inflation. And then, to make matters worse, as the day progressed, benchmark rates drifted...
All week we said "wait until Thursday to lock", "mortgage rates will improve after the bond auction on Thursday", "the end of the week will be the best time to lock in your loan". The Treasury auction came and went. After the last round of debt was sold, $13 billion of 30...
It seems that market particapants have fallen back in love with fixed income. Mortgage backed securities and treasuries each posted a healthy rally yesterday. MBS improved by another 50 basis points which allowed all lenders to reissue new rate sheets after the gains held through close. Helping to promote...
The headline reads "Growth Continues," but probably the big news coming out of Freddie Mac's November 2005 Economic Outlook was that, for the first time since August, that headline wasn't about yet another hurricane. Still the lingering impacts of Katrina, Rita, and Wilma were prominently featured in...
Posted to
MND NewsWire
by
Glenn Setzer
on
Fri, Nov 11 2005
Filed under:
Filed under: mortgage rates, housing bubble, real estate bubble, Freddie Mac, 30 year fixed mortgage, consumer price index, 5/1 ARM, fuel prices, cashout refinance, equity refinancing