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Lenders repriced for the better yesterday afternoon following a late day sell-off in stock markets which pushed mortgage-backed security prices to new record highs. Once new rate sheets were distributed, loan officers were able to offer the most aggressive pricing of the year to borrowers who had not...
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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...