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...
Tue, Sep 21 2010, 4:26 PM
The post-FOMC bond market rally brings mortgage rates back to where they were last Tuesday, which was the best day to lock last week. 4.25% is still t...
Mon, Sep 20 2010, 4:37 PM
So far following the strategy of "lock at the MBS price highs and float at the MBS price lows" has worked out well for us. This strategy will be put t...
Fri, Sep 17 2010, 4:41 PM
Mortgage rates came into the week on a three day losing streak. After a quick correction on Monday and Tuesday, mortgage rates ended this week on anot...
Wed, Sep 15 2010, 4:13 PM
Mortgage rates improved significantly on Monday and Tuesday, putting an end to a three day losing streak that pushed par home loan quotes up to 4.375%...
Tue, Sep 14 2010, 4:22 PM
If you've been floating, you've endured a bumpy ride over the past 5 days but it was worth your while. MORTGAGE RATES HAVE RECOVERED FROM RECENT WEAKN...
Mon, Sep 13 2010, 4:59 PM
Considering how well our technical support levels have held up, I am not ready to sound the ALARM BELLS yet, but we remain in a state of HIGH ALERT. R...
Fri, Sep 10 2010, 3:58 PM
We had no relevant data on the calendar today and the marketplace was generally quiet as many investors and decision makers took time off for religiou...
Thu, Sep 9 2010, 3:52 PM
We might have seen the lowest rates we're ever gonna see, if that is the case, then those rates are already behind us so it doesn't matter. I think ra...
Wed, Sep 8 2010, 6:21 PM
Because stocks were already in rally mode when the day began, and because stocks stayed in rally mode for most of the day, the small recovery rally se...
Tue, Sep 7 2010, 4:11 PM
Besides the ups and downs in stock market, mortgage rates will also be motivated by Treasury auctions in the week ahead. Tomorrow the Treasury will au...
Fri, Sep 3 2010, 4:38 PM
After the data was released, stock markets rallied sharply higher and the bond market sold off. After hitting new lows on Tuesday, mortgage rates hav...
Thu, Sep 2 2010, 5:42 PM
The Employment Situation Report will be released at 8:30am tomorrow. Economists expect the Unemployment Rate to move higher from 9.5% to 9.6% and they...
Wed, Sep 1 2010, 4:50 PM
After weeks of stagnation, stocks finally took their turn in the spotlight today. As money moved out of the bond market and into equities, mortgage-b...
Tue, Aug 31 2010, 5:18 PM
If you've been floating your loan or have yet to apply for a refinance because it just didn't seem worth the hassle, congratulations, mortgage rates h...
Mon, Aug 30 2010, 3:44 PM
After a better than expected read on 2nd quarter GDP and a not so scary speech from the Federal Reserve Chairman, the 10 year Treasury note yield rose...
Thu, Aug 26 2010, 4:28 PM
Lender rate sheets were slightly worse than yesterday but nothing monumental. The best par 30 year fixed -conventional, FHA and VA- mortgage rate re...
Wed, Aug 25 2010, 6:51 PM
Much like yesterday, mortgage rates rallied early this morning following weak housing data. Much like yesterday, mortgage rates came under pressure in...
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