-
30 YEAR FIXED NOTE RATE: 5.75-5.875% LOCK RECOMMENDATION: WAIT FOR THE FED DECISION IF LOCKING TODAY. FUTURE LOCK RECOMMENDATIONS WILL DEPEND ON HOW THE MARKETS REACT TO THE RATE DECISION AND THE IMPORTANT STATEMENT THAT FOLLOWS. ANY NEGATIVE NEWS ABOUT ECONOMIC GROWTH AND POSITIVE NEWS ABOUT INFLATION...
Posted to
MBS Commentary
by
Matthew Graham
on
Tue, Dec 11 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, stock market
-
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
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
-
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
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 ................ 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
-
The 30 year fixed PAR rate is unchanged from yesterday. Stocks and bond yeilds are both up on Bernanke's comments regarding the Fed's awareness and intention to combat an impending recession. Economic data releases continue to show a weakening economy, with the Personal Income and Outlays down more than...
Posted to
MBS Commentary
by
Matthew Graham
on
Fri, Nov 30 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, housing starts, interest rates, lock, market commentary, mortgage rates, rates, reprice, stock market
-
Best 30 Year Fixed PAR Rate: 5.625% Lock Recommendation: Cautious Float A lot of economic released today, but none of it earth-shattering. Mortgages rates are finding slight support from what is generally perceived to be a weakening market. The DOW is currently struggling to hold it's gains from yesterday...
Posted to
MBS Commentary
by
Matthew Graham
on
Thu, Nov 29 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, housing starts, interest rates, lock, market commentary, mortgage rates, rates, reprice, stock market
-
The Dow has continued upward today led by Financials, Google, Amazon, and Ebay, currently up over 250 points. Most are attributing this to several factors: 1. Fed Vice Chairman Donald Kohn suggested the possibility of future rate cuts in a Speech to the Council on Foreign Relations. 2. Oil is lower 3...
Posted to
MBS Commentary
by
Matthew Graham
on
Wed, Nov 28 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, housing starts, interest rates, lock, market commentary, mortgage rates, rates, reprice, stock market
-
30 YEAR FIXED NOTE RATE = 5.75%Daily quoted rate is always the closest to the PAR rate from our best lenders. It can include fees depending on how you structure you loan. It also depends on qualifications.
Posted to
MBS Commentary
by
Matthew Graham
on
Tue, Nov 27 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, housing starts, interest rates, lock, market commentary, mortgage rates, rates, reprice, stock market
-
IMPROVEMENT : APPROXIMATELY .125% DISCOUNT POINT COMMENT: More concerns on wall street about "credit crunch" are having effects on the markets. The Dow is currently only down about 50 points, but the FED's announcement to pump capital into the ailing credit market in conjunction with more announcements...
Posted to
MBS Commentary
by
Matthew Graham
on
Mon, Nov 26 2007
Filed under:
Filed under: 30 year fixed, APR, daily mortgage rates, daily rates, housing starts, interest rates, lock, market commentary, mortgage rates, rates, reprice, stock market
-
We had a great yesterday sparked by the huge sell of in the Dow. As investors move money out of stocks, they put them in bonds which raises the price of bonds and lowers the yield. The yield moves with interest rates. Today started off with a small rally, but as of 1pm EST, the volatility is having us...
-
We will give only a passing nod to Freddie Mac's Economic and Housing Market Outlook for May as much of it deals with the Quarter 1 report on cash-out refinancing which we already covered in detail here on Tuesday. However, a few things are worth noting. First of all, as regards the cash-out data, the...
-
Two reports that contribute to the picture of the housing industry were released on Monday. After news from the subprime mortgage market , the quarterly delinquency report, and the accompanying reaction of the stock market the two most recent pieces of information were pretty much non-events and the...
-
While news about the housing industry has generally been upbeat; mortgage rates down yet again this week; home price acceleration leveling off from "irrational exuberance" to a mere euphoria, someone just threw a bit of cold water on the homebuilding sector of the market. On Tuesday, the Census Bureau...
-
Freddie Mac's Office of the Chief Economist has issued its monthly Economic & Housing Outlook report for the month of March. Much of the report is given to a discussion of Federal Reserve Chairman Alan Greenspan's semi-annual report to Congress in which he noted the "conundrum" of the rising federal...
Posted to
MND NewsWire
by
Glenn Setzer
on
Mon, Mar 14 2005
Filed under:
Filed under: mortgage rates, housing starts, Freddie Mac, mortgage originations, Mortgage Bankers Association, ARMs, refinancing, Office of Chief Economist, Monthly Economic Housing Outlook, March, Federal Reserve Chairman Alan Greenspan, Report To Congress, conundrum, federal fund rate, monetary policy, foreign investors, inflationary risk, current account deficit, federal budget deficit