Tuesday was a sensory overload for rate watchers. Lenders repriced for the worse. Then they repriced for the worse again. And again. One lender recalled rate sheets five times! I am not kidding. 5 TIMES!! That is a lot of repricing for the worse. Repricing for the worse = higher mortgage rates. Wednesday...
Yesterday was a sensory overload for rate watchers. Lenders repriced for the worse. Then they repriced for the worse again. And again. One lender recalled rate sheets five times! I am not kidding. 5 TIMES!! That is a lot of repricing for the worse. Repricing for the worse = higher mortgage rates. Today...
If 4.75 was really on the table yesterday, it's not still there today. A thinly attended Treasury auction is cited as the culprit behind rising mortgage rates today.The worst damage hit the tape in the early afternoon hours. And we never came up for air again. Reprices for the worse were reported. More...
Happy Holidays. The last few days have been a blur. The bond market closed early on Thursday. All U.S. markets were totally unplugged on Friday. Then Christmas came over the weekend and the world completely detached from the economics of money and banking. After that we got one day off to let the holiday...
Although our directional guidance givers, benchmark Treasury yields, moved higher today, mortgage rates ended the session in a slightly lower position than yesterday. Unfortunately these modest improvements were not much help in lowering the best execution 30 year fixed mortgage rate. The best execution...
The Mortgage Bankers Association (MBA) today released its Weekly Application Survey for the week ending December 17, 2010 . The Mortgage Bankers Association application survey covers over 50% of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The...
Volatility has not been a friend to mortgage rates over the last 30 days, but in the last 36 hours, we've been good buddies! Today put a nice bookend on a bond market correction that began yesterday around noon. This follows a painstaking selloff that played out relentlessly through the end of November...
This may be what you've been waiting for! Over the course of the past few days and weeks, we've been increasingly trying to convey the same message: mortgage rate movements are quite volatile and the best course of action is to look for a rate and fee structure that you can live with and get out of the...
I hope you like broken records! Because in that department we can deliver! It's not a delivery we're happy about but think the repetition will at least serve to add EMPHASIS to the point we hope to have made over the past 20 days or so.... VOLATILITY REIGNS SUPREME! FIND A LIVEABLE RATE AND FEE STRUCTURE...
The Mortgage Bankers Association today released its Weekly Mortgage Applications Survey for the week ending December 10th, 2010. The MBA's loan application survey covers over 50% of all U.S. residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives...