Fri, Dec 17 2010, 5:13 PM
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!
Thu, Dec 16 2010, 5:57 PM
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: ...
Wed, Dec 15 2010, 7:52 PM
Only a month ago, best execution 30 year fixed mortgage rates were holding between 4.25% and 4.75%. Heck 4.75% was available on Monday morning! But i...
Mon, Dec 13 2010, 4:10 PM
Plain and Simple: For 30 year fixed mortgages, there is a clear line of demarcation between 4.625% and 4.75%. If you are looking to close in the next ...
Fri, Dec 10 2010, 4:27 PM
Mortgage rates shot higher this week. The new "best execution" par 30 year fixed mortgage rate has jumped firmly up to 4.75%.
Thu, Dec 9 2010, 7:03 PM
Mortgage rates got cheaper at the table today but didn't improve in principal
Wed, Dec 8 2010, 7:10 PM
Plain and Simple: There is a clear line of demarcation between 4.625% and 4.75%. If you are looking to close in the next 2 weeks...4.75% is your likel...
Tue, Dec 7 2010, 5:22 PM
When all was said and done, prices of loan production MBS coupons (which guide lender rate sheets) had fallen over a full point! To bring that number...
Mon, Dec 6 2010, 7:32 PM
If you were out sick on fickle Friday, congratulations! You missed quite a bit of frustration.
Thu, Dec 2 2010, 7:54 PM
Chances are if you're reading this on 12/2, then it's probably too late to make a last minute decision to lock a rate before tomorrow morning's NFP (N...
Wed, Dec 1 2010, 4:58 PM
The same problem that plagued mortgage rates in recent days where 3.5 MBS's were not trading in enough volume to allow rates to dip much below 4.25% i...
Tue, Nov 30 2010, 5:54 PM
Lenders were hesitant to pass along loan pricing improvements yesterday but made up for it today with broad based reductions in consumer borrowing cos...
Mon, Nov 29 2010, 4:59 PM
It's gonna be a big week for mortgage rates, the bond market, and the entire economy. The economic calendar in the week ahead is busy and there are ma...
Wed, Nov 24 2010, 10:46 PM
A moderate recovery to what seemed like decently aggressive loan pricing over the past three days was wiped out in a matter of minutes today.While tha...
Tue, Nov 23 2010, 5:31 PM
Looking back at the distribution of lender pricing offerings over the past two weeks, we've been overwhelmed by volatile movements and knee jerk react...
Mon, Nov 22 2010, 6:11 PM
Monday's trading of mortgage backed securities (MBS), which most closely dictate loan pricing offered by lenders, brought welcome changes in the scope...
Fri, Nov 19 2010, 4:48 PM
The movements of mortgage rates higher and lower throughout the week have become progressively more tame. There was almost an entire point of differe...
Thu, Nov 18 2010, 5:20 PM
What a frustrating week it has been for anyone trying to make sense of the movements in mortgage rates or those hoping to get ahead of the market in o...
Wed, Nov 17 2010, 5:07 PM
At about 11am yesterday, prices of the Mortgage-Backed-Securities most closely tied to rate sheets had bottomed out and began to climb, reaching highs...
Tue, Nov 16 2010, 6:22 PM
After recapturing some of the losses from yesterday, it was right back into sell mode as prices hurtled disturbingly toward even lower prices than yes...
Mon, Nov 15 2010, 4:36 PM
Tension remains high in the primary mortgage market as mortgage rates have extended their losing streak. We're in a tough spot here...
Wed, Nov 10 2010, 6:43 PM
QEII is here. This is the event that will help mortgage rates move back below 4.00% again. Patience is counting down without blasting off.
Tue, Nov 9 2010, 4:30 PM
I think it's safe to say your float boat took on water today. Benchmark Treasury yields seemed to have no ceiling and MBS prices appeared to have no f...
Mon, Nov 8 2010, 4:48 PM
MY OUTLOOK: SEE ABOVE STATEMENT. ****NO CHANGE NO CHANGE NO CHANGE****
Thu, Nov 4 2010, 4:43 PM
Ok so the rally we enjoyed today was another step in the right direction. Our outlook seems to be playing out perfectly but we're not quite there yet ...
Wed, Nov 3 2010, 7:29 PM
Remember our MND RateWatch motto? Play the range until the range plays you. Bernanke didn't play us and it doesn't seem like he intends to anytime soo...
Tue, Nov 2 2010, 4:12 PM
At 2:15pm tomorrow, the Federal Open Market Committee (FOMC) will release their policy statement. At 2:15pm we find out if Quantitative Easing becomes...
Mon, Nov 1 2010, 3:59 PM
Mortgage rates had their little hissy fit and consumer borrowing costs moved to one month highs. But it was all part of the game. We anticipated this ...
Wed, Oct 27 2010, 4:15 PM
Plain and Simple: The bond market got way head of itself about QEII. The sugar high has worn off. However because it is a "trader's market" and a trad...
Tue, Oct 26 2010, 3:53 PM
Yuck. Mortgage rates are not heading in the right direction. In the past two days consumer borrowing costs on mortgage rate quotes at or below 4.25% h...
Mon, Oct 25 2010, 5:32 PM
Loan pricing was initially improved over the rate/point quotes lenders were offering on Friday, however about halfway through the day the bond market ...
Fri, Oct 22 2010, 3:51 PM
The bond market continues to demonstrate a clear unwillingness to push interest rates any lower without hearing new guidance from the Federal Reserve ...
Thu, Oct 21 2010, 3:42 PM
If you're getting closer to your closing date and need to lock in the terms of your loan before the November 3rd FOMC meeting, you have likely seen ra...
Wed, Oct 20 2010, 4:31 PM
"A lot of the technicalities of what causes mortgage rates to go up and down are way past me... in the past couple of weeks mortgage rates have gone d...
Tue, Oct 19 2010, 8:43 PM
On first releases of rate sheets this morning, consumer borrowing costs were basically unchanged. However after stocks really began selling off (follo...
Mon, Oct 18 2010, 4:07 PM
Last Thursday I posed the question: Are We Too Complacent with Record Low Mortgage Rates? On the surface my intention behind this query was to draw yo...
Fri, Oct 15 2010, 4:23 PM
Ok so record low mortgage rates stayed around for about a week. But they're gone now. I could go through all the economic data and attempt to tie a ra...
Thu, Oct 14 2010, 7:04 PM
Consumer closing have been slowly creeping higher though. If this trend keeps up, by next Friday everybody will be asking "Hey. Where did 3.875% go? 4...
Wed, Oct 13 2010, 5:12 PM
Consumer borrowing costs were what I would consider "noticeably more expensive" this morning when lenders first released rate sheets. While home loan ...
Tue, Oct 12 2010, 5:13 PM
Mortgage rates improved to new record lows last week, rallying in five straight sessions before finally reversing course following the release of the ...
Thu, Oct 7 2010, 4:52 PM
Loan pricing improved again today. Mortgage rates are on a five day winning streak. This is the first time that par 30-year fixed mortgage rates have ...
Wed, Oct 6 2010, 3:45 PM
While we do not yet see a reason to believe mortgage rates will dip below the record lows currently being offered by lenders, we do expect the uncerta...
Tue, Oct 5 2010, 4:57 PM
NO CHANGE IN MORTGAGE RATES TODAY. PERHAPS A FEW MORE LENDERS ARE OFFERING PAR QUOTES BELOW 4.25% BUT NO QUOTE IS MONUMENTALLY BETTER THAN IT WAS YEST...
Fri, Oct 1 2010, 3:22 PM
Mortgage rates touched all-time lows on Tuesday and Wednesday this week. Although these quotes were not widespread, lenders were seen offering mortga...
Thu, Sep 30 2010, 6:41 PM
If you are still floating, we must revisit our "Float at the MBS Price Lows, Lock at the MBS Price Highs" strategy. Currently MBS prices are directly ...
Wed, Sep 29 2010, 4:23 PM
Mortgage rates touched record lows yesterday. Unfortunately mortgage rates rose from those record lows today. Mortgage rates didn't really "rise" tho...
Mon, Sep 27 2010, 5:00 PM
Our "float at the MBS price lows, lock at the MBS price highs" strategy has held up quite well this year. MBS prices rallied higher in our range today...
Fri, Sep 24 2010, 5:15 PM
The best day to lock was Wednesday. Although rates rose heading into the weekend (for the third week in a row), consumer borrowing costs are lower tha...
Thu, Sep 23 2010, 5:58 PM
After ending last week on a three day losing streak, loan pricing made a total turnaround in the first three days of this week, mostly thanks to the o...
Wed, Sep 22 2010, 3:53 PM
If you were floating your loan last week when rates started to rise, you probably kicked yourself for not locking. If you held out and continued floa...
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