Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
Subscribe
 Email Alerts
Receive an Email Alert each time a story is posted to Mortgage Rate Watch.
-
 RSS
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
  • Monday 1/26…Week Ahead

    by Victor Burek on January 26 2009, 8:59 AM
    This week is full of economic data that can and has moved the markets. Monday -Existing home sales, economists expecting 4.45m -Leading indicators, economists expecting a -0.1% reading. This report is composed of 10 indicators which are designed to forecast...
  • Friday 1/23…No Data Today

    by Victor Burek on January 23 2009, 8:59 AM
    Today we get no economic data that will move the markets. Yesterday, mortgage backed securities closed slightly higher and so far this morning we are holding onto those gains. Yesterday the Federal Reserve released their weekly numbers on the Fed mbs...
  • Thursday 1/22…Economic Data is In

    by Victor Burek on January 22 2009, 10:30 AM
    After a slight sell off yesterday of mortgage backed securities, today we have opened in positive territory after weak economic data was released. First, we got the release of the weekly jobless numbers which showed that 589,000 people filed for unemployment...
  • Wednesday 1/21…Slow Day For Data

    by Victor Burek on January 21 2009, 12:20 PM
    Today we do not get the release of any economic data. Mortgage backed securities will take their direction from movement in the stock market and treasury market. Currently mbs are down a few ticks from yesterdays close but nothing to panic about. There...
  • Tuesday 1/20…Inauguration Day

    by Victor Burek on January 20 2009, 9:27 AM
    So far this morning, mortgage backed securities, which is the investment vehicle that sets mortgage rates, have opened down. It appears that Treasuries are pulling them lower. Since Treasuries and Mortgage Backed Securities are both fixed income investments...
  • Monday 1/19…MLK Day

    by Victor Burek on January 19 2009, 8:03 AM
    Today all markets are closed in honor of Martin Luther King, Jr. day. The week ahead is extremely light on economic data with no major market movers. On Thursday, we get housing starts and jobless claims and other then some treasury auctions that is it...
  • Friday 1/16…Consumer Inflation Continues to Drop

    by Victor Burek on January 16 2009, 9:59 AM
    This morning the Bureau of Labor Statistics released the monthly report on consumer inflation. The overall reading came in slightly worse at a month over month decline of -0.7%, the core rate which excludes food and energy came in slightly better at 0...
  • Thursday 1/15… Economic Data is In

    by Victor Burek on January 15 2009, 9:36 AM
    We got the release today of several economic reports. First of all we got jobless claims, economists where expecting 500k, but the number came is worse at 524k. If you can recall, higher unemployment leads to less wage based inflation which is a positive...
  • Wednesday 1/14…Disappointing Retail Sales

    by Victor Burek on January 14 2009, 8:08 AM
    Yesterday was a sleeper of a day for mortgage backed securities, again. We closed at the same level we opened like we did on Monday. We had a few instances of a sell off, but each time the Federal Reserve jumps in to bring the price back up. As the price...
  • Tuesday 1/13…MBS Move Sideways

    by Victor Burek on January 13 2009, 8:05 AM
    Yesterday was a pretty boring day for mortgage backed securities. We closed right where we opened the day with a few peaks and valleys along the way. With the Federal Reserve checkbook(remember they have promised to spend up to $500billion on mbs), each...
  • Monday 1/12…The Week Ahead

    by Victor Burek on January 12 2009, 8:27 AM
    The week starts out with no economic reports but we do get many reports mid and end of week. Wednesday - Import Prices ex-oil, last months reading came in at -1.8%. For lower mortgage rates we want this report to come in lower as lower import prices leads...
  • Friday 1/9…Unemployment Jumps Higher

    by Victor Burek on January 09 2009, 9:01 AM
    This morning we got the release of the official jobs numbers from the Bureau of Labor Statistics. Decembers non farm payrolls showed a loss of 524k jobs when economists where expecting a 500k loss. In addition, November’s payrolls were adjusted...
  • Thursday 1/8…Jobless Claims In

    by Victor Burek on January 08 2009, 8:17 AM
    Jobless claims report was released with first time filers coming in at 467k. Economists where expecting a much higher number of 550k. The 4 week moving average also came in slightly better at 525k but the continuing claims came in higher at 4.61million...
  • Wednesday 1/7…Will the Rally Continue

    by Victor Burek on January 07 2009, 8:12 AM
    Yesterday, mortgage backed securities went on quite a rally improving right at 100 basis points. On a day like that you would normally see many reprices from lenders lowering their rates, but we saw very few and some lenders even repriced for the worse...
  • Tuesday 1/6...What a Rally

    by Victor Burek on January 06 2009, 4:49 PM
    Mortgage backed securities rallied big time today up a full point. Even though price improved on mbs, we still had a few lenders reprice to the worse. The main cause for this is to control the pipeline. Rates should be much better then they are now, and...
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.86%
  • |
  • 15 Yr FRM 4.31%
  • |
  • Jumbo 30 Year Fixed 4.40%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps -2.60%
  • |
  • Refinance Index -3.69%
  • |
  • Purchase Index -1.98%