Wed, Mar 9 2011, 5:16 PM
If yesterday gave fence-sitters a taste of the downside risks associated with floating, today shared the rewards.
Today's 10-year Treasury note...
Tue, Mar 8 2011, 4:54 PM
Fence-sitters today got their first taste of a series of moderately
risky events that face mortgage rates in the days ahead, Treasury
auctions!
...
Mon, Mar 7 2011, 4:18 PM
CURRENT MARKET : The "Best Execution" conventional 30 year
fixed mortgage rate is 4.875%. For
those looking to buy down their rate to 4.75%, this q...
Fri, Mar 4 2011, 6:00 PM
It was a volatile week for mortgage rates.
Monday and Tuesday saw
rates near their best levels in nearly a month. Consumer borrowing
costs the...
Thu, Mar 3 2011, 5:28 PM
The Best Execution conventional 30-year fixed mortgage rate rose today.
UPDATED CURRENT MARKET :
The "Best Execution" conventional 30-y...
Wed, Mar 2 2011, 5:23 PM
It was another volatile day in the mortgage market. Don't let that
distort your perspective of reality though. When looking at the behavior
of mo...
Tue, Mar 1 2011, 5:02 PM
It was an exciting day in the
bond market.
Early in the trading session, the environment looked unfriendly for
mortgage rates. Stocks were rall...
Mon, Feb 28 2011, 4:00 PM
This week begins with mortgage rates holding onto recent improvements. Last week, we discussed how a "flight to
quality" helped drive up investor de...
Fri, Feb 25 2011, 5:58 PM
Mortgage rates benefited from a "flight to safety" this week.
A "flight to safety" happens when investors are nervous about owning
risky assets...
Thu, Feb 24 2011, 4:26 PM
Mortgage rates continue to benefit from a "flight to safety".
A "flight to safety"
happens when investors are nervous about owning risky assets l...
Wed, Feb 23 2011, 5:44 PM
Mortgage rates continue to enjoy a
period of relief after rising rapidly in recent
weeks. The extent to which this relief
period matures into a mo...
Tue, Feb 22 2011, 4:27 PM
UPDATED CURRENT MARKET : The "Best
Execution" conventional 30 year fixed mortgage rate improved to 5.00%
today. There is an opportunity to lock ...
Fri, Feb 18 2011, 4:29 PM
Although costs inched slightly higher today, the overall picture of this
week in mortgage rates was finalized today and it doesn't look too bad.
I...
Thu, Feb 17 2011, 4:55 PM
A 3 day winning streak for mortgage rates ended yesterday, but in gentle
fashion. This allowed us to keep our best execution 30-year fixed mortgage r...
Wed, Feb 16 2011, 4:55 PM
Yesterday we shared news that mortgage rates were on a three day
winning streak. This allowed us to update our best execution 30-year fixed mortgage ...
Tue, Feb 15 2011, 1:41 PM
Mortgage rates are on a three day winning streak!
Yes you read
that correctly. After snapping a 5-day losing streak last Wednesday,
loan prici...
Mon, Feb 14 2011, 4:22 PM
We watched defensively last week as mortgage rates teetered on a
ledge. We were searching for an indication that "snowball selling" had
been avoid...
Fri, Feb 11 2011, 2:45 PM
A 7-week mortgage rates range was finally broken last Friday. The
directional move that took place afterward was not fence-sitter
friendly. "Best ...
Thu, Feb 10 2011, 5:45 PM
Yesterday was one of those "GOOD NEWS/BAD NEWS" sorta days.
The good news was mortgage rates ended a damaging 5 day losing streak
The bad ne...
Wed, Feb 9 2011, 5:54 PM
This is gonna be one of those "GOOD NEWS/BAD NEWS" sorta days.
The good news is...
The mortgage rate losing streak has come to an end at 5 d...
Tue, Feb 8 2011, 6:01 PM
Home loan borrowing costs extended their losing streak to five days today. "Best Execution" mortgage rates didn't move higher though, just the closing...
Mon, Feb 7 2011, 2:39 PM
A 7-week mortgage rates range was finally broken last Thursday and
Friday. The directional move was not consumer friendly. "Best Execution"
home l...
Fri, Feb 4 2011, 4:40 PM
It finally happened. The range has been officially broken. In the wrong direction.....
The RANGE that has been the topic of so much conversation ...
Thu, Feb 3 2011, 5:03 PM
It's been about a month since the last Employment Situation Report
was released. What we had to say about it then is pretty much the same
thing w...
Wed, Feb 2 2011, 5:49 PM
There's really no reason to overcomplicate things at this point.
There is a TON of economic data coming out tomorrow, all throughout the
day....
Tue, Feb 1 2011, 5:16 PM
I have a prediction...
I know what the market is going to do tomorrow.
Yes! Even before it happens!!
I just KNOW (note sarcasm please) th...
Mon, Jan 31 2011, 5:50 PM
Just like the first three weeks of the month, the last week was all
about the range in the primary mortgage market. If you're a first time
reader ...
Fri, Jan 28 2011, 4:14 PM
The word of the month in the primary mortgage market is " RANGE ". <<<---- We wrote that last Friday.
On Monday we said a storm was a brewin. "Don...
Thu, Jan 27 2011, 5:35 PM
After the "high risk events" of the week reached a crescendo
yesterday, today's market movements offered a bit of reprieve for
mortgage rate watch...
Wed, Jan 26 2011, 5:38 PM
Two high risk events came and went over the last 18 hours. The State of the Union address and the release of the FOMC Statement. Although the market'...
Mon, Jan 24 2011, 4:19 PM
The comfy confines of the range are shrinking and the market is growing restless. Stored energy is itching to be released, investors are actively see...
Fri, Jan 21 2011, 4:02 PM
Mortgage rates failed to breakout of that range this week. And although "Best Execution" barely budged yet again....closing costs did rise. On average...
Thu, Jan 20 2011, 5:18 PM
After worsening sharply on Tuesday, mortgage rates didn't move much yesterday. But better than expected economic data this morning and a weak Treasur...
Wed, Jan 19 2011, 3:19 PM
If you're floating a loan, "best execution" mortgage rates didn't change today....but closing costs rose ever so slightly. I might even be reaching wh...
Tue, Jan 18 2011, 4:31 PM
The "best execution" conventional 30 year fixed mortgage rate has risen back to 4.875% today. Lenders are still offering 4.75% but the upfront permane...
Fri, Jan 14 2011, 4:30 PM
In the world of mortgage rates there are varying degrees of opportunity, all of which are dependent on your wants and needs. The last time mortgage ra...
Wed, Jan 12 2011, 4:53 PM
Treasury auctions have been the bond market's main source of motivation this week. Generally these Treasury auctions exert added pressure on mortgage ...
Tue, Jan 11 2011, 4:33 PM
It was an interesting day for mortgage rates. Benchmark Treasury yields rose and MBS prices fell which forced lenders to reprice for the worse. Howeve...
Mon, Jan 10 2011, 6:25 PM
Mortgage rates were generally slightly improved today versus Friday today. The employment data that has been so prevalent in our discussions of late ...
Fri, Jan 7 2011, 5:19 PM
Today was an excellent and necessary victory for folks hoping for stable or falling mortgage rates. But the fight is far from over. Getting by this re...
Thu, Jan 6 2011, 7:12 PM
Well folks, here we are in the evening hours of Thursday on a week where much has been made of tomorrow morning's employment report (which I'll refer ...
Wed, Jan 5 2011, 6:16 PM
Yesterday, we wrote "the release of the ADP Employment Report in the morning could provide some directional guidance because that data tends to be a p...
Tue, Jan 4 2011, 5:26 PM
Today held one of the few market events with the potential to move mortgage rates between now and Friday's employment situation report.
Mon, Jan 3 2011, 6:49 PM
For anyone who is waiting for mortgage rates to inch lower, the bond market faces a major hurdle this Friday, January 7, 2011 when the December Employ...
Thu, Dec 30 2010, 5:29 PM
Today was a sensory overload for rate watchers. Lenders repriced for the worse. Lenders repriced for the better. In the end, mortgage rates were UNCHA...
Wed, Dec 29 2010, 4:17 PM
It was another volatile day in mortgage-land. But this time volatility worked out in our favor. We erased yesterday's loan pricing losses!
Tue, Dec 28 2010, 4:38 PM
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 mortga...
Mon, Dec 27 2010, 4:12 PM
The week ahead is historically slow on Wall Street. This means the potential for interest rate volatility is high and rate watchers should be prepared...
Wed, Dec 22 2010, 5:19 PM
Although our directional guidance givers, benchmark Treasury yields, moved higher today, mortgage rates ended the session in a slightly lower position...
Mon, Dec 20 2010, 4:30 PM
In this shortened holiday week, in an era already frought with volatility, we'd only expect more of the same. However, with last week's strength in M...
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