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State Name: Massachusetts
State Name underscore: Massachusetts
State Name dash: Massachusetts
State Name lower underscore: massachusetts
State Name lower dash: massachusetts
State Name lower: massachusetts
State Abbreviation: MA
State Abbreviation Lower: ma
  • Mortgage Rates Decline After Holiday Weekend

    by Victor Burek on April 14 2009, 10:53 AM
    Yesterday, mortgage backed securities (MBS) had a stable day which allowed a few lenders to reprice for the better. Overall mortgage rates moved slightly lower after the long holiday weekend. What's Moving Money Today.... So far this morning, despite...
  • Rates Stable and the Week Ahead

    by Victor Burek on April 13 2009, 10:56 AM
    First of all, I hope everyone had a wonderful Easter weekend with friends and family. My wife and I enjoyed ours, but now back to work. So far this morning, mortgage backed securities (MBS) are holding at unchanged levels. This should allow lenders to...
  • Happy Good Friday

    by Victor Burek on April 10 2009, 8:39 AM
    Yesterday mortgage backed securities (MBS) dropped in price increasing consumer costs by .25 in discount. Lenders where quite conservative yesterday with the rates they offered to hedge against any unexpected events over the 3 day weekend. All markets...
  • Better than Expected Earnings Raising Mortgage Rates

    by Victor Burek on April 09 2009, 10:04 AM
    Yesterday mortgage backed securities (MBS) had a strong rally leading to many lenders repricing for the better early in the afternoon, however a late day sell off forced lenders to reconsider their decision to pass along lower borrowing costs. After the...
  • Mortgage Rates Lower After Solid Session

    by Victor Burek on April 08 2009, 11:04 AM
    Yesterday, mortgage backed securities , the investment vehicle that determines mortgage rates, had a very strong day . MBS moved steadily higher throughout the day and made higher highs and higher lows. As MBS improve d in price, consumer borrowing costs...
  • Rates Stabilizing

    by Victor Burek on April 07 2009, 9:39 AM
    Yesterday loan officers got an early afternoon reprice scare following a sell off in the thinly traded MBS market. Overall, besides the reprice alert, it was a sleeper of a day. Mortgage backed securities traded, again, in a very tight range closing at...
  • Rates Higher Last Week, Economic Calendar For the Week Ahead...

    by Victor Burek on April 06 2009, 9:59 AM
    The lowest rates of the week were seen ahead of the announcement that FASB would relax "mark to market" accounting policies. As the week progressed and positives poured from the G20 summit, stocks began to show a great deal of optimism that...
  • Mortgage Rates Continue to Worsen

    by Victor Burek on April 03 2009, 3:45 PM
    Mortgage backed securities took it on the chin today falling about .375 in discount increasing consumer costs. It was reported that the majority of lenders did reprice to the worse today. It appears that a sell off in treasuries pressured MBS to move...
  • Rates Inching Higher

    by Victor Burek on April 03 2009, 10:19 AM
    Yesterday, mortgage backed securities had another negative day increasing consumer borrowing costs. So far this morning that trend is continuing after the release of Non Farm Payrolls. In total, consumer borrowing costs have increased by about .25 to...
  • Rates Being Pressured Higher

    by Victor Burek on April 02 2009, 10:08 AM
    Yesterday mortgage backed securities again traded in a very tight range and ended up losing some ground by 5pm. Selling pressure has carried over into today and MBS prices are moving lower in price(as price moves lower, rates move higher) which will force...
  • Mortgage Rates Mostly Unchanged

    by Victor Burek on April 01 2009, 11:59 AM
    Yesterday, mortgage backed securities had a n uneventful day. Consumer mortgage borrowing costs should be more or less unchanged from yesterday. This will keep par 30 year conventional mortgages in the range of 4.5% to 4.75% for the most qualified borrowers...
  • Rates Holding Steady at Month End

    by Victor Burek on March 31 2009, 10:46 AM
    Yesterday mortgage backed securities (MBS) managed to close slightly higher on the day which has helped lower borrowing costs a few basis points today. This should keep par 30 year fixed rate mortgages in a tight range between 4.5% to 4.75% depending...
  • Rates Modestly Better, The Week Ahead…

    by Victor Burek on March 30 2009, 10:49 AM
    Last week mortgage backed securities, the investment vehicle behind mortgage rates, traded relatively flat and closed the week slightly improved. During the week, mortgage rates did improve modestly as lenders lowered borrowing costs .125 to .375 in points...
  • Rates Holding Steady, Happy Friday

    by Victor Burek on March 27 2009, 10:41 AM
    Yesterday, mortgage backed securities managed to close up on the day by almost a .25 in discount. So far this morning, MBS prices are continuing to climb higher so we should see borrowing cost improve by an .125 to .25. This should keep par 30 year fixed...
  • Mortgage Rates Improve

    by Victor Burek on March 26 2009, 6:26 PM
    Mortgage backed securites managed to move higher on the day resulting in most lenders repricing for the better . As MBS and treasury prices move higher, the yield moves lower. As a mortgage professional, I want MBS prices to move higher which results...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.49%
  • |
  • 15 Yr FRM 4.10%
  • |
  • Jumbo 30 Year Fixed 4.34%
MBS Prices:
  • 30YR FNMA 4.5 103-18 (-0-01)
  • |
  • 30YR FNMA 5.0 104-29 (-0-03)
  • |
  • 30YR FNMA 5.5 106-00 (-0-02)
Recent Housing Data:
  • Mortgage Apps -2.52%
  • |
  • Refinance Index 0.33%
  • |
  • Purchase Index -4.92%