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Who Dat!!!! Congratulations to New Orleans on a well played and exciting Super Bowl victory. Mortgage rate moved a few basis points lower on Friday following the Employment Situation Report . While we have seen scattered day over day streaks of improvements, mortgages rates have failed to fall lower...
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Although lender's adjusted mortgage loan pricing by a few basis points yesterday, for the most part mortgage rates were unchanged as the bond market failed to make much progress in either direction. In the absence of economic data and noteworthy events, it was a pretty boring session yesterday. Both...
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The four day streak of rising mortgage rates extended into Friday following a much better than expected nonfarm payroll report. After reaching 4.50% on Monday, mortgage rates rose 0.25% to .375% by Friday. The week ahead is fairly light in terms of economic data. The only data due out today is Consumer...
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Prices of mortgage backed securities held to a tight range yesterday, closing the day in essentially the same place they opened. The lack of volatility in MBS prices allowed lenders to keep mortgage rates near five month lows. Yesterday's main event, besides weakness in the dollar and record high...
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It was a slow day in the fixed income market's yesterday. Mortgage rates were mostly unchanged as prices of mortgage backed securities bounced around a tight range before closing near the same level in which they opened the day. Treasuries also moved sideways in slow and sluggish trading. A general...